, regulations, notifications, orders, or directions that are generally applicable shall come into force upon publication in the Government Gazette.

any liabilities, its financial statements were not in compliance with the generally accepted accounting standards. The SEC thus instructed JAS to rectify those financial statements by recognizing the

through the ORAP system, which has recently been updated. The extended submission period will take effect, starting from the 2024 renewal cycle onwards.   Generally, the SEC reviews each application

late 2018. Most stakeholders from the business sector and the mutual fund industry generally submitted positive responses supporting the principles. The amendments drafted under the principle-based

reliably estimate the additional liabilities.As JAS has not recognized any liabilities, its financial statements were not in compliance with the generally accepted accounting standards. The SEC thus

were not in compliance with the generally accepted accounting standards. Besides, the auditor did not satisfy with supporting evidence with regard to the audit of inventory balance as at December 31

obtain insufficient evidences concerning purchasing of machinery and other items as well as non-compliance with generally accepted accounting principles concerning disclosure in the notes to financial

that these failures to record such details in the financial statements resulted in a non-compliance with the generally accepted accounting standards.In addition, SCAN?s auditor observed that SCAN has not

because 77% of total share price had already been paid to the prospective seller, the proportion of which was relatively high comparing to the condition generally prescribed in sale contract. Due to its

use since 2003 while the market landscape and the business operation have generally become more diversified and more complex. This proposed amendment would fine-tune the governing rules and prevent