December 2025
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Here are your articles on accounting and capital market updates for the month.
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Topical issues to consider when preparing 31 December 2025 financial statements
In this latest Insights, we discuss the accounting implications of the topical issues that entities with a 31 December 2025 year end should consider, such as, geopolitical risk, import tariffs, impairment of non-financial assets, climate change and connectivity between sustainability and financial reporting, items that are often overlooked and stand back considerations. The MFRS disclosure checklist for 31 December 2025 year end is also available here.
Clarifying uncertainties: helping companies navigate disclosure requirements
On 19 December 2025, the Malaysian Accounting Standards Board published "Disclosures about Uncertainties in the Financial Statements" which consists of six illustrative examples ("Examples"). These Examples are identical to the "Disclosure about Uncertainties in the Financial Statements" issued by the International Accounting Standards Board.
These Examples do not change requirements in the standards but show how an entity discloses uncertainties in its financial statements. Although the Examples are climate-related, the principles in the Examples can be applied to other uncertainties.
The Examples do not have an effective date, but entities might consider the application for December 2025 year-ends. Read our Snapshot to find out more.
PwC Global Top 100 Unicorns report - 2025
The combined valuation of the Global Top 100 Unicorns reached an all-time high of $2,949 billion as of September 2025, reflecting a remarkable $895 billion—or 44%—increase compared to the previous year. This period also saw a resurgence in Unicorn IPO activity, with nine companies going public—up significantly from just two in 2024—indicating a gradual reopening of the IPO market for high-growth firms. Leading the momentum were the Fintech and AI sectors, each contributing three IPOs. Discover further insights in the latest analysis.
Global IPO Watch 2025
Global IPO proceeds increased by 21% to $143bn in 2025 compared to $118bn in 2024, driven by stronger activity in the US, China/Hong Kong, and India. The outlook for the global IPO market in 2026 is promising and there is a solid pipeline of private equity-backed companies looking to exit, as well as large unicorns that are exploring IPO plans for 2026 and beyond. Find out more in PwC’s latest Global IPO Watch publication.
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