Understand what will happen when assets are classified as held for sale or when there is a discontinued operation in this article.
TheAccSense Team
TheAccSense Editorial Team
Posted inFinancial Accounting
Factsheet Series: Preparation of Cash Flows Statement in IAS 7
Cash is the heart of any businesses. Understanding your cash flows position is a crucial to your business strategy and action. Learn the preparation of cash flows statement in this article.
Posted inFinancial Accounting
Factsheet Series: What is impairment of asset in IAS 36?
Understand what, when and how an entity should assess for impairment loss for its assets in this article.
Posted inAudit
Who is Auditor, and what are their Roles, Powers and Duties?
There is a misconception that auditors are part of management, simply because their fees are paid by the company. Understand who is an auditor and what are their roles in the preparation of financial statements.
Posted inAudit
Serba Dinamik appoints EY as Independent Reviewer, Scope of work agreed by Bursa
Serba Dinamik has formally appointed EY as Independent Reviewer to assess the accuracy and veracity of the matters highlighted by the external auditors, KPMG.
Posted inAudit
Bursa Malaysia directs Serba Dinamik to appoint Independent Reviewer by 2 July 2021, reports directly to Bursa and SC
Bursa Malaysia has given a directive to Serba Dinamik to appoint an independent reviewer by 2 July 2021.
Posted inAudit
EY agrees to be Independent Reviewer for Serba Dinamik, with Conditions
Following the legal battle between Serba Dinamik and KPMG, EY has agreed to be the independent reviewer with few conditions to be put in place.
Posted inFinancial Accounting
Factsheet Series: Revenue Recognition in IFRS 15 (Part 2)
Understand the remaining 3 steps of revenue recognition in IFRS 15. It includes how should an entity assess its progress towards satisfaction of performance obligations to customer to justify for its revenue recognition.
Posted inAudit
Serba Dinamik sues KPMG for RM4 Billion
Serba Dinamik claims that KPMG has failed and/or neglected to complete the audit report until and unless a third-party independent reviewer is being appointed and addressed the findings raised.
Posted inFinancial Accounting
Factsheet Series: Revenue Recognition in IFRS 15 (Part 1)
Find out how IFRS 15 helps entities to apply a consistent revenue recognition principles across industries.