ShineWing TY TEOH

Small businesses play an important role in the global economy, contributing significantly to innovation, job creation, and economic growth.

In today’s increasingly interconnected and environmentally conscious world, sustainability reporting has become an important tool for small businesses to showcase their commitment to responsible practices.

This article provides a comprehensive guide to sustainability reporting for small businesses, outlining key steps, benefits, and strategies to getting started on this journey towards a more sustainable future.

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https://shinewingtyteoh.com/sustainability-reporting-small-businesses

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The Financial Accounting Standards Board (FASB) has issued US GAAP to standardize accounting rules, procedures, and functions.

In the USA, public companies are legally required to adhere to US GAAP when preparing financial statements and reports. However, US GAAP is no longer confined to the USA alone.

Currently, many different firms and accounting services in Malaysia, as well as worldwide, utilize US GAAP to ensure the implementation of the best accounting practices and maintain financial transparency throughout their organizations.

It has become a widely adopted framework to promote consistency and accuracy in financial reporting globally.

Read more:
https://shinewingtyteoh.com/how-transfer-pricing-benefit-your-business

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May the brightness of Diwali fill your days with new hope and endless possibilities. Wishing you a beautiful and blessed Diwali.

Taking a company public is a significant step that can drastically alter the direction of a business. When a company goes public, its shares become available for sale to the general public, offering numerous benefits.

However, it is essential to consider that going public also comes with certain disadvantages. Let’s explore both the advantages and disadvantages of a company going public.

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https://shinewingtyteoh.com/pros-cons-company-going-public

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In today’s rapidly changing business environment, sustainability reporting is a vital tool for organizations to communicate their environmental, social, and governance (ESG) performance to stakeholders.

Sustainability reporting has become a backbone for organizations that aim to demonstrate their commitment to sustainability and responsible business practices. By covering environmental, social, and governance aspects, sustainability reports improve transparency, accountability, and stakeholder engagement.

Read more:
https://shinewingtyteoh.com/sustainability-reporting-comprehensive-guide

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The trend of taking a company public by merging with a Special Purpose Acquisition Company (S**C) has become quite popular in the last few years. It is a quick and effective method for private companies to go public instead of going through the traditional IPO process.

However, it’s important to understand that not all companies are suitable for S**C acquisitions. Typically, a company that is a good fit for a S**C acquisition is already well-prepared to become a publicly reporting entity before entering into a S**C transaction.

In this article, we’ll discuss researching a S**C target company and maximizing S**C benefits with the help of experts like an audit firm in Malaysia.

Read more:
https://shinewingtyteoh.com/how-research-spac-target-company

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The US Generally Accepted Accounting Principles (GAAP) is one of the most popular accounting standards used not only in the USA but around the world.

It is a comprehensive system of accounting methods, rules, requirements, and practices that accounting firms can adopt to standardize their accounting procedures.

Adopting US GAAP offers numerous advantages as it ensures consistency in financial reporting, enhances global competitiveness, and promotes greater transparency in financial disclosures.

So, if you are still wondering whether adopting US GAAP can bring any actual benefits, this is the perfect guide for you.

Read more:
https://shinewingtyteoh.com/economic-benefits-adopting-us-gaap

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The implementation of sustainability reporting standards has a substantial impact on internal audit functions. As organizations manage the complexities of ESG reporting, internal audit plays an important role in providing independent assurance and guidance on ESG disclosure practices.

Aligning internal audit processes with changing standards and regulatory requirements boosts the reliability and credibility of ESG disclosures, improving stakeholder trust and supporting sustainable value creation.

Given the increasing emphasis on ESG reporting, internal audit functions need to adapt to evolving expectations and regulatory requirements. For organizations new to sustainability reporting standards, seeking professional guidance from accounting services in Malaysia is recommended.

Read more:
https://shinewingtyteoh.com/sustainability-reporting-standards-impact-internal-audit

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Accounting, financial management, and financial instruments valuation are complicated procedures that every company has to go through from time to time. These procedures directly impact the reliability and accuracy of business documents and financial reports.

Therefore, it is important to be familiar with the industry standards, such as FASB and US GAAP, so that you can implement the best policies within your company.

In this article, we’ll discuss the important aspects of GAAP and FASB and whether there are any differences between them.

Read more:
https://shinewingtyteoh.com/is-gaap-and-fasb-same

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Transfer pricing regulations play an important role in ensuring fair and equitable taxation practices within multinational enterprises operating across borders.

As Malaysia stands as a prominent economy within the ASEAN region, it is necessary to understand its transfer pricing policies and how they compare with other countries in the region.

This article will elaborate on transfer pricing regulations in Malaysia and conduct a comparative analysis with other ASEAN countries.

Read more:
https://shinewingtyteoh.com/comparative-analysis-transfer-pricing-malaysia-asean

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[HRD Corp Claimable Webinar] : Understand How The E-Invoice May Impact Your Business and Its Practical Approach

To ensure the smooth of the e-invoice implementation within your organization, it is very important for your staff and their relevant department to understand the requirement of e-invoice system in Malaysia. This workshops designed to guide your employees through practical implementation of e-invoice, understand how the e-invoice implementation will impact your business.

Date: 14th Nov 2024 (Thursday) & 12th Dec 2024 (Thursday), English Session / 22nd Nov 2024 (Friday) & 13th Dec 2024 (Friday), Mandarin Session
Time: 09.00 am – 05.00 pm
Venue : ZOOM (Online)
Fee : Existing Client RM450 / pax
Non-Existing Client RM550 / pax

If you are interested, please click on the link below to register:
https://forms.gle/RtyzPhDsDKhiXoqr9

-invoice

Sustainability is rapidly evolving, with 2024 poised to be an important year in the fight against climate change and environmental degradation.

Businesses, governments, and individuals are amplifying investments and actions to drive the transition towards a climate-resilient and sustainable future. Here are the key trends that will shape our approach to sustainability in the coming year.

2024 will be a defining year for sustainability and ESG, marked by mandatory disclosures, the fight against greenwashing, deeper integration with financial strategies, and an increased emphasis on supply chain transparency.

Sustainability reporting will extend beyond public enterprises, including private companies, and become an integral part of business strategy. ESG is not merely compliance; it is an opportunity to redesign business models for a more sustainable future.

As the year unfolds, businesses must embrace these trends to contribute positively to the global sustainability agenda.

Read more:
https://shinewingtyteoh.com/sustainbility-trend

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Special Purpose Acquisition Companies (S**Cs) have experienced a significant increase in popularity in recent years because more and more companies want to go public without undergoing the conventional Initial Public Offering (IPO) process.

However, with a growing number of private companies debuting on stock exchanges, investors are facing the dilemma of choosing the right company to invest in.

Since S**Cs can be a risky investment, they are generally not considered suitable for conservative investors.

However, with the rising number of S**Cs, even conservative investors can invest in them by developing a healthy appetite for risk. Therefore, let’s explore various aspects of S**Cs to determine whether they are a good investment.

Read more:
https://shinewingtyteoh.com/are-spac-suitable-conservative-investors

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Sustainability reporting in accounting is a transformative process that links financial performance with environmental, social, and governance impacts.

It enables businesses to make informed decisions, comply with regulations, enhance transparency, and build stronger brands.

Read more:
https://shinewingtyteoh.com/sustainability-reporting-accounting

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Taking your company public either through a traditional initial public offering (IPO) or S**C can be a complicated process.

However, thorough IPO readiness assessment and professional pre-IPO advisory services from experts like an audit firm in Malaysia can help you get the maximum benefits of going public.

In this article, we’ll discuss some of the most important pre-IPO questions that you must consider before making your company public in Malaysia.

Read more:
https://shinewingtyteoh.com/pre-ipo-questions-ask-before-going-public-malaysia

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Transfer pricing is an important concern for multinational enterprises (MNEs) operating in Malaysia.

With the constantly evolving scenario of tax regulations and international trade, businesses need to adopt strong strategies to reduce transfer pricing risks effectively.

In this article, we will explore various aspects of managing transfer pricing risks in Malaysia, drawing insights from industry practices and regulatory frameworks.

Read more:
https://shinewingtyteoh.com/managing-transfer-pricing-risks-malaysia

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Sustainability reporting is not a passing trend but an integral aspect of organizations that allows them to disclose relevant information to the public and stakeholders.

It provides companies with a competitive advantage by showcasing their positive efforts towards environmental, social, and governance goals. Let’s learn what sustainability reporting entails and why it holds significance for investors.

Read more:
https://shinewingtyteoh.com/sustainability-reporting-important-for-investors

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Taking a company public is the dream of many entrepreneurs. However, if you search the statistics, you are likely to find hundreds of examples of failed initial public offerings (IPOs).

The bottom line is that an IPO can certainly be a complicated task for companies, especially because it comes with various risks. Nevertheless, with proper planning and pre-IPO advisory services, you can ensure that an IPO is the right path for your business.

The goal of this article is to discuss some of the major mistakes you must avoid when getting an IPO.

Read more:
https://shinewingtyteoh.com/initial-public-offering-mistakes-avoid

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