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What Is The Audit Risk?
Do you know the first question I always ask during an Audit Planning Meeting (APM)? It’s a straightforward yet crucial one : “What is the audit risk?” Just yesterday, I asked this question during an APM review, and the person-in-charge was taken aback when she handed over the audit file. Let me share the key…
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Why I Chose ACCA : No Choice …
Sometimes life doesn’t give you many options. For me, growing up in a poor family meant I didn’t have the luxury of choosing my career path. It was the 90s, and if you did not scored well academically but missed out on entering a local university, your options were either law or accountancy in local…
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I May Be the Oldest Player in the Inter Audit Firm Game (IAFG),
Do you know our small firm KTP has managed to secure 2nd place in badminton three times in IAFG history? Not too bad, right? After the madness of each peak season, I always encourage my KTP colleagues to jump into IAFG. It’s the perfect chance to shake off the stress, have fun, and show that…
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IRB Tax Focus Area
As the Inland Revenue Board (IRB) targets a collection goal of RM197 billion, taxpayers must brace themselves for increased audits, investigations, and compliance checks. This crackdown, discussed in a recent webinar which I attended featuring tax experts from KPMG, Deloitte, PwC, and RDS hosted by Wolters Kluwer, emphasized the key focus areas for IRB. From…
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Mooncake Festival On Muddy Trails
When it comes to celebrating the Mooncake Festival, most people stick to the basics—mooncakes, lanterns, maybe some tea. But last Thursday, I thought, why not throw in a trail walk for good measure? What could go wrong, right? Well, when 20 of my office colleagues signed up, including some trail newbies, I quickly realized this…
Koh Teck Peng Blog 