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Audit of Less Complex Entity (LCE)
Last Friday, at our January birthday celebration, I briefly mentioned the important new auditing standard for Less Complex Entity (LCE). I’m enthusiastic about this new approach. Here are the key points: 1. Simplified Requirements:The standards for LCEs are designed to be less complex and more straightforward compared to those for larger entities. This simplification helps…
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You Are Here To Solve Problem
This is the message on my door before you enter my room. I (my managers as well) don’t just give answers to my employees. Giving answers is like feeding them once; they don’t learn to solve problems themselves. When an employee has a problem, I (my managers as well) don’t just tell them the answer.…
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(Tax Update) 5% Surcharge on Transfer Pricing (#tp ) Malaysia
With effect from 1 January 2021, the hashtag#irb may impose a surcharge of up to 5% on any increase in income or reduction of any deduction / loss arising from these adjustments. A surcharge is imposed on a Transfer Pricing (TP) adjustment made under Section 140A of the Income Tax Act 1967 (ITA) which results…
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Zero Tolerance for Abusive Behavior
At hashtag#ktp , we are deeply committed to delivering exceptional service to our clients. Our dedicated team of professionals is always ready to assist, ensuring that every interaction is marked by courtesy, respect, and a high degree of professionalism. As such, we kindly request that our clients extend the same level of courtesy and respect…
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My Tough Road to Passing ACCA While Working
Last Friday I celebrate my colleague on passing your ACCA and MICPA December exams! I want to share how I passed the ACCA exams while working full-time. It was a really hard time, but I did it! Every day, after work, I didn’t go home right away. I stayed in my office to study. I…
Koh Teck Peng Blog 