FASB proposes new restricted cash guidelines
May 9, 2016
Malaysian financial statements may be subject to compulsory audit
The Securities Commission Malaysia has released draft proposals requiring companies to create independent audit committees capable of reviewing their financial statements.
The Securities Commission Malaysia (SCM) released draft proposals of the Malaysian Code on Corporate Governance 2016 (MCCG) on April 18, which includes requirements for companies to establish an audit committee to assess financial statements. The SCM is seeking public comment on the proposal until June 8.
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