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Audit of Specialised Industries – Construction & Property Development

INTRODUCTION
Aside from the manufacturing sector, the key industries in Malaysia consist of construction, and property development activities. As these are specialised industries, the accounting requirements set out by approved accounting standards is unique and requires proper understanding to ensure that key transactions and activities in these three sectors are properly accounted for. Being specialised industries,the audit of entities in these two sectors are also unique, which requires properly designed audit procedures to address key concerns arising from these activities and appropriate audit evidence that will enable the auditor to express an opinion given the circumstances.

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UNDERSTANDING & IMPLEMENTING THE INTERNATIONAL STANDARD OF QUALITY MANAGEMENT (ISQM) 1 FOR SMALL & MEDIUM PRACTICES

The deadline for the design and implementation of a firm’s system of quality management (SQM) under ISQM 1 of 15 December 2022 is fast approaching. ISQM 1 (together with ISA 220 (revised) and …

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IMPLEMENTING ISQM 1 & ISA 220(R)

The Quality Control Standard, ISQC 1 has been implemented since 2006 for firms that perform Audits and Reviews of Financial Statements and Other Assurance and Related Services Engagements.

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AUDIT DOCUMENTATION TO MEET PR EXPECTATIONS

Over the years, the authorities have continued to monitor, review and refine its strategies in light of the developments and circumstances that affect its surveillance programmes and consider improvements and …

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