In today’s digital age, cyber security is not just a concern for large corporations; small and medium-sized enterprises (SMEs) are equally, if not more, vulnerable to cyber attacks. SMEs often face unique challenges due to limited resources and expertise. With cyber threats becoming increasingly sophisticated, it’s essential for SMEs to adopt robust cyber security measures …
The implementation of e-invoicing aims to support the growth of Malaysia’s digital economy and enhance the efficiency of its tax administration. E-invoices will replace traditional paper-based invoices, improving the efficiency of recording financial transactions and facilitating real-time data collection. The Inland Revenue Board of Malaysia (IRBM) has outlined specific requirements and the various methods available …
E-invoice: What Is Mandatory and What Are The Options To Transmit E-invoices to IRBM Read More »
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 …
The Role of Artificial Intelligence on Internal Controls and Compliance Read More »
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 …
What Are Internal Controls and Why Are They Important Read More »
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 …
Enhanced Sustainability Reporting: Elevate Sustainable Practices and Disclosures Read More »
Setting your business up for success in 2024 requires a combination of strategic planning, adaptability, and a proactive approach. As we prepare to bid farewell to 2023 and lay the groundwork for a thriving 2024, here are 7 practical tips to ensure your business is well-prepared for the challenges and opportunities that the year 2024 …
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 …
Part 2: Building a Sustainable Framework for Success Read More »
Sustainability isn’t just a trendy term anymore—it is a must-have for businesses worldwide. It has become a crucial part of corporate strategies, proving itself as a key driver for long-term success. In this article, we’ll explore what sustainability means in a business context and delve into why it is so crucial for the success and …
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 …
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 …
Using Technology for Cost-Effective Procurement: A Guide to Improve Efficiency Read More »