Business Matters

The Role of Artificial Intelligence on Internal Controls and Compliance

In the realm of modern business operations, where data reigns supreme and regulatory scrutiny is ever-increasing, the role of artificial intelligence (AI) in bolstering internal controls and compliance mechanisms has become paramount. With its ability to analyse vast amounts of data, detect patterns, and make decisions with minimal human intervention, AI offers a transformative solution …

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What Are Internal Controls and Why Are They Important

Internal controls form the bedrock of a company’s governance structure, encompassing a multifaceted set of mechanisms and procedures designed to safeguard assets, ensure financial accuracy, and fortify operational efficiency. In this article, we will delve into the definition of internal controls and explore their significance in the corporate landscape. Defining internal controls:  Internal controls encompass …

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Enhanced Sustainability Reporting: Elevate Sustainable Practices and Disclosures

In today’s dynamic business landscape, where the impacts of climate change, social inequality, and ethical considerations are more apparent than ever, organisations are increasingly recognising the need for comprehensive sustainability reporting. The evolution from traditional financial reporting to Enhanced Sustainability Reporting signifies a paradigm shift towards a holistic understanding of corporate responsibility. This article explores …

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Part 2: Building a Sustainable Framework for Success

Now that we understand the importance of sustainability in business, it’s time to delve into the practical aspects of implementing and measuring sustainability practices. To ensure a robust and effective sustainability strategy, businesses need to lay the foundation with the right framework, incorporating good practices and measurement metrics. Quadrant Biz’s IA group specialises in supporting …

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New E-invoicing Guidelines Issued by IRBM

On September 29, 2023, the Inland Revenue Board of Malaysia (IRBM) issued the updated e-Invoice Guideline (Version 2.0), superseding the earlier directives issued on July 21, 2023. The revised e-Invoice Guideline 2.0 incorporates additional details on exemptions from e-invoicing and introduces a broader range of optional fields for enhanced electronic invoicing. With the new and …

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Using Technology for Cost-Effective Procurement: A Guide to Improve Efficiency

   In today’s fast-paced business world, procurement plays a crucial role in an organisation’s success. Efficient procurement processes can lead to cost savings, improved supplier relationships, and enhanced overall competitiveness. To achieve these benefits, organisations are turning to technology to streamline and optimise their procurement operations. In this article, we will explore how you can …

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Technology and Innovation in Corporate Governance

In today’s interconnected world, efficient and transparent governance practices are essential for organisations. The emergence of transformative technologies like automation, digital transformation, and blockchain have opened up new possibilities for enhancing corporate governance. These innovations offer opportunities to improve transparency, streamline operations, and optimise decision-making processes. This article will explore how automation, digital transformation, and …

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Navigating Conflict of Interest in Public Listed Companies

In the realm of corporate governance, conflict of interest can pose a significant threat to the integrity and transparency of listed companies. This article explores the various types of conflict of interest that can arise in listed companies and examines Malaysia’s regulatory framework designed to ensure fair and ethical practices. We also addresses the implications …

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