BLOG
Audit | Tax | Business Advisory | Secretary Services
Stay up to date with the latest from our blog.
-
(Office) Naming KTP Explained
This November, as KTP & Company celebrates its 25th anniversary, it’s the perfect time to tell you why we’re named KTP. It’s not just a random choice, but a necessity because of strict rules and our commitment to doing things right. Twenty-five years ago, when I was about to start my own auditing firm, I…
-
Avoid Incriminating Evidence in Audit Working Papers
As a partner at KTP, I would like to share a crucial lesson about the importance of good audit documentation. Let me take you back to a scenario we encountered recently, which underscores the seriousness of this issue. The story … Imagine we are in the middle of an audit for a client. The deadline…
-
Key Updates in E-Invoice Guideline (Version 3.2)
✅Interim Relaxation Period: Six-month relaxation from the mandatory e-Invoice implementation date for each phase. ✅ Consolidated e-Invoices: Allowed for all transactions, including self-billed, during the relaxation period. ✅ Description Field Flexibility: More leniency in the “Description of Product or Service” field during the relaxation period. ✅ No Individual e-Invoices Required: Not obligated to issue individual…
-
Common Bookkeeping Mistakes : Lessons from 35 Years of Auditing
Bookkeeping might seem straightforward, but my 35 years of auditing in Malaysia have shown otherwise. In Johor Bahru, the quality of accounting done by in-house personnel or outsourced third parties has been on a worrying decline, aggravated by the difficulty in recruiting skilled accounting staff. Here are some common mistakes and the lessons we can…
-
Who Am I?
Dear Colleagues I don’t handle interviews anymore; my HR manager and audit/tax managers take care of that now. Imagine my surprise when I bumped into a new intern in the common area on her first day of working. I greeted her with a “Good morning” and asked, “Do you know who I am?” To my…
Koh Teck Peng Blog 