Malawi Stock Exchange Listing Rules require that listed companies should publish trading statements within thirty days prior to reporting period if profit will differ by about 20% from similar previous reporting period. The purpose of the trading statement is to alert users of the financial...

The roles and liabilities of public accountants (audit firms) are limited to the members (shareholders) or those charged with corporate governance (such as trustees) of a particular firm as clearly affirmed in International Standard on Auditing (ISA 200) – Objectives of the auditor.The results...

The role of Non-executive directors in public limited companies has been gaining eminence in the global perspective. Non-executive directors are seen as counter-balancing elements to the immerse powers of the executive directors who have long been accused of abusing their vested powers for their...

Intangible Assets are becoming increasingly important in the global perspective as we are in the middle of the information age. Global investors are anxious to invest in firms which demonstrate abilities to grow rapidly and reward investors with high returns in form of meaningful capital gains...

Loss of control in subsidiaries as well as significant influence in associates can be voluntary or otherwise but what is certain is that there are prescribed accounting procedures which must be adhered to as dictated by relevant International Financial Reporting Standards (IFRSs) to ensure that...

It is naturally expected that a listed parent company which depends on the profits from its listed subsidiaries should mirror the activities of listed subsidiaries as far as the market share price is concerned. Persistent stunted market share price growth for a material listed subsidiary would...

Group of companies usually have significant wealth and influence in any given economy and one of the requirements to monitor their activities is through requirement to produce group accounts as dictated by statutory provisions such as the Companies Act and relevant accounting standards. This is...