Positive move

“Companies may only be able to make better assessments if the market uncertainty can be reasonably ascertained, which means more time is needed for the uncertainty to settle, ” Baker Tilly Malaysia’s managing partner Datuk Lock Peng Kuan told StarBiz.

PETALING JAYA: The postponement of financial reporting should be viewed positively as companies and investors ride out the volatility caused by the Covid-19 pandemic.

However, despite the deadline extension, there are hurdles for companies to overcome, in terms of practicability and technicality.

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