Azwati Hanim & Co.

08/04/2026

One of the most difficult standards in auditing ISA570 Going Concern Assessment (GC). Quite a number of our friends failed Practice Review or Audit Oversight Board because inadequate assessment on GC.

20/03/2026

12/01/2026

I highly recommend this book to every Malaysian. It offers an insightful perspective from a respected former Auditor General, providing a detailed and firsthand account of the events that transpired. Beyond the facts, it reveals the personal challenges and unjust pressures faced during the investigation. For fellow auditors—both internal and external—this is an essential read that truly captures the integrity and courage required in our profession.

21/11/2025

Inventory accounting and auditing is complex because it involves estimation, operational integration, regulatory requirements, and strategic trade-offs. It demands careful judgment, accurate data, and coordinated processes across finance and operations—making it one of the most challenging areas of corporate accounting as well as auditing procedures. Added up to that, there are a myriad types of inventory with different ways of determining their cost and NRV. Herewith, we start with a simple example. Enjoy!

19/11/2025

18/11/2025

Succession Planning (MIA webinar today)

40% of firms in Malaysia are managed by partners that are more than 50. Thus succession planning becomes the most crucial topic on the table, especially for sole practitioners. How to keep the legacy going? How to find a good successor? Should we sell our firms when we retire? How to evaluate? Will the new generation willing to become the successor?

All these questions must be properly addressed at the earliest chance possible. Not easy but always there.

That is the reason why MIA ByLaws make it compulsory for sole practitioners to have Practice Continuance Agreements.

Good luck on finding your successor!

17/11/2025

🤯.

Dear Accountants,

In today’s competitive job market, having just a Bachelor's degree in accounting is no longer enough to set you apart. Even if you graduate with a first class, thousands of others also do. To truly stand out, you need to pursue additional professional certifications and qualifications relevant to your region. Earning a professional designation can significantly enhance your chances of reaching your career goals.

However, while qualifications are important, they are not enough on their own. Whether you hold ACCA, ACA, CPA, CIMA, CFA, or any other professional acronyms, if you lack the practical skills and knowledge that employers need, your qualifications will not get you far.

More and more employers are placing less emphasis on certificates and focusing more on the ability to add value to their organization. They want employees who can help achieve company goals. If you can’t demonstrate that you have what it takes to contribute effectively, your qualifications alone will not be enough.

🔸 As businesses look to reduce tax liabilities, do you possess the necessary tax planning expertise to help them?

🔸 Companies aim for financial stability and growth, do you have the strategic skills to support their financial operations and objectives?

🔸 Managers often need help understanding complex accounting terms in simpler language. Do you have the communication skills to explain financial matters in a way that everyone can understand?

Today, organizations may even appoint someone without an accounting degree to lead an accounting department if they have the right skills. You could have all the qualifications but still report to someone with a different background. You might feel frustrated, but it’s essential to ask yourself: Do you have the skills and qualities necessary to rise to the top?

While your qualifications can help you land the job, it’s your skills, expertise, and attitude that will ultimately determine how far you go.

17/11/2025

This mind map covers approximately 70% of Form 4 Chap 1. Together with previous 2 mind maps and next coming last one, you should have covered 99% Chap 1 without actually reading word by word. Hope all these mind maps can help with theory part of your studies.

15/11/2025

Do something meaningful in life. Maybe accounting is not for you at the first place. Congratulations that you have found your passion.

https://weirdkaya.com/32yo-msian-accountant-earning-rm4-5k-resigns-due-to-burnout-now-much-happier-selling-fried-chicken/?fbclid=IwZnRzaAOEoitleHRuA2FlbQIxMQBzcnRjBmFwcF9pZAo2NjI4NTY4Mzc5AAEeZyRZldrC9mbyxnYXSI5exHrvnxhgALTJBeUnQdOlHI5Z7mR7qgVoOdB1HRk_aem_7G_ltyceZsS-Dy1Y0sgI7w

A 32-year-old Malaysian has found new meaning in life after trading in his corporate job for a fried chicken stall at a local kopitiam. Despite graduating w ...