With increasing complexity in the business environment and transactions, financial reporting is becoming progressively more challenging. These challenges are amplified by complex technical accounting requirements, evolving regulatory expectations, and significant changes to financial reporting frameworks.

In parallel, Malaysia has introduced the National Sustainability Reporting Framework, which adopts the IFRS Sustainability Disclosure Standards issued by the International Sustainability Standards Board (“ISSB Standards”) as the baseline for sustainability disclosures for companies in Malaysia. As a result, connected financial and sustainability reporting is becoming a requirement, rather than a feature of good-practice reporting.

Organizations are under increasing pressure from investors, regulators and other stakeholders to deliver timely, decision-useful, and high-quality information. Many companies are therefore seeking to enhance their finance functions, processes and systems to improve accuracy, consistency, and efficiency across both financial and sustainability-related disclosures.

KPMG brings together experienced professionals to help clients with the accounting aspects of their financial reporting and compliance obligations, while helping them effectively connect financial performance with sustainability-related risk, opportunities and outcomes.

Accounting advisory services

Accounting Advisory

Our technical accounting and financial reporting advisory services support both audit and non-audit clients across a wide range of accounting and reporting matters, including:

• First time adoption of IFRS Accounting Standards; IFRS Sustainability Disclosure Standards, or transition to new accounting framework (for example from MPERS to MFRS/IFRS)
• Implementation of new or revised accounting and sustainability disclosure standards
• Design and enhancement of sustainability-related financial data collection processes, systems and internal controls
• Update to accounting policies and judgements arising from sustainability strategies, risks and targets

• Management of financial reporting changes across data, systems and processes and governance
• Accounting-related system implementation or enhancement, including MFRS/IFRS 16 and 17, ISSB reporting, and consolidation solutions, in collaboration with KPMG’s global alliances
• Technical accounting advisory on accounting policy alignment, accounting treatment and measurement
• Audit readiness