First foreign Venture Capitalist company In Malaysia

The Securities Commission (SC) has approved the application of Japan Asia Investment Co Ltd (JAIC),one of the largest venture capital companies (VCCs) in Japan,to undertake activities in Malaysia. The rationale according to SC chairman Datuk Zarinah Anwar is to give the local venture capital market greater depth and [...]

What is Timing Difference in Tax and Timing Differences Versus Permanent Differences

As the taxable profit is computed based on taxation laws which differ from the accounting policies applied to determine the accounting profit,hence the taxable profit and accounting profit can differ. The difference between taxable profit and accounting profit can be classified into:

permanent differences timing differences

This articles looks at the aforesaid differences and [...]

ACCA and MICPA sign Mutual Recognition Agreement(MRA)

At a ceremony on August 13,2007 at Le Meridian Kuala Lumpur attended by  Dato’ Nordin Baharuddin ,MICPA President and Mrs Gillian Ball,ACCA President,a Mutual Recognition Agreement (MRA) was signed by The Malaysian Institute of Certified Public Accountants (MICPA) and ACCA (the Association of Chartered Certified Accountants) with the following details:

provides [...]

Accounting Fraud/Scandal:Welli Multi’s Case

 

Energreen Corporation is the latest name for Welli MultiCorporation Bhd.(also have name to Four Seasons Malaysia Bhd)  was previously queried by  the Malaysian Securities Commission (SC) over the authenticity of its trade receivables of RM113 million over  total trade receivables of Rm113 million as [...]

Helen Brand Appointed As New Head of ACCA Global

The Association of Chartered Certified Accountants (ACCA) has appointed Helen Brand as its new chief executive officer effective Sept 1. Brand replaces Allen Blewitt,who returned to after being based at the association’s headquarters in London the last five years.

According to the new CEO:

She aims to maintain ACCA’s position as the lead global [...]