The professionals provide further clarifications or guidance on new accounting standards or issues by conducting more research about it. They perform a gap analysis to compare the new standards to be adopted against the client’s current accounting practices.
The second function performed by KPMG, Malaysia is Tax Services. KPMG Malaysia offers a full range of Tax services which are designed to help their clients to apply the most cost-effective business strategies. With their extensive industry knowledge and an international network of professionals throughout the globe, they are committed to deliver this on a global basis and surpass expectations. For instance, the recent transition period from GST to SST, Tax services in KPMG can be divided into 3 categories that includes; Corporate Tax Services, Indirect Tax Services and Global Mobility.