REGULATORY

Revision of Practice Review (PR) Framework Effective 1 July 2024

Practice review plays an integral part in the MIA’s quest to continue refining its approach to regulate the audit profession, especially the method by which it inspects audit, to determine the problems that auditors need to fix.
  • November 21, 2023
  • 129 views

MIA Enhances Its Professional Ethics Standards on Public Interest Entities, Effective 15 December 2024

The Malaysian Institute of Accountants (MIA) has expanded its definition of Public Interest Entities (PIEs) to hold audit firms to higher ethical and independence standards, thereby raising audit quality and ultimately strengthening good governance and trust.
  • November 16, 2023
  • 177 views

Decisions of the Disciplinary Committee of the MIA

Decisions of the Disciplinary Committee of Malaysian Institute of Accountants (‘Institute’) against members pursuant to Rule 18(1) of the Malaysian Institute of Accountants (Disciplinary) Rules 2002
  • November 10, 2023
  • 156 views

SUSTAINABILITY

Budget 2024 will Enhance the Nation’s Sustainability and Resilience, says Malaysian Institute of Accountants

The comprehensive Budget 2024 tabled on 13 October 2023 is geared to putting the nation on a stronger fiscal footing while ushering in key reforms for good governance and sustainability.
  • October 26, 2023
  • 189 views

Sustainability Reporting in Malaysia

This article assesses the current state of play in the sustainability reporting space worldwide and in Malaysia, and identifies the roles that accountants can play in expediting adoption.
  • October 4, 2023
  • 880 views

The MIA Sustainability Agenda

The call for sustainability adoption is currently in the global spotlight, simultaneously inducing the requirement for disclosure on sustainability and climate change-related areas from organisations.
  • June 28, 2023
  • 1.1K views

LEADERSHIP

Enhancing Trust, Enabling Compliance

In any jurisdiction, trust and compliance are essential to the successful implementation of an efficient and resilient tax system. 
  • November 1, 2023
  • 408 views

Accountants – Enablers of Sustainability

As the call for sustainability adoption gains momentum, the global profession too has stepped to the forefront in calling for action on environmental, social and governance (ESG) issues threatening fragile ecosystems and populations. 
  • August 24, 2023
  • 868 views

Malaysia far from 2030 target of 60,000 accounting professionals

TALK of a shortage of accountants in the country is rife, with practitioners citing mounting regulatory pressures as a major pain point for accounting professionals, in addition to recruitment issues and talent importation exacerbating the dilemma.
  • July 12, 2023
  • 1.4K views

TECHNICAL

Guidelines on Requesting Extension for Practice Review Deadlines (Republished)

In the process of practice review, the Practice Review Department (PRD) has encountered many instances where the audit firm (AF)…
  • September 29, 2023
  • 232 views

MFRS and MPERS Common Issues on Investment Property and Property Plant and Equipment

MIA has received various accounting queries on investment property and property, plant and equipment (PPE) through our technical queries facility.
  • August 17, 2023
  • 1.6K views

Doubling Your Tax Benefits with Double Deductions in Malaysia 

As a measure to encourage companies engaged in targeted business activities, the Malaysian government has introduced various tax incentives, including tax incentives…
  • July 28, 2023
  • 2.1K views

INNOVATION

Islamic Finance Showcases Opportunities to Achieve SDGs

With its deep-rooted commitment to the public good, Islamic Finance is ideally positioned to play a vital role in the global sustainability movement.
  • December 1, 2023
  • 15 views

MIA Sustainability, Digital Economy and Reporting Insights (July – September 2023) 

The MIA Sustainability, Digital Economy and Reporting Insights provide quarterly updates on the areas of sustainability, digital economy, tax, reporting and research.
  • November 8, 2023
  • 137 views

The Future of Payroll Management

Payroll management refers to the HR process of processing employee financial-related matters in a company, which often includes managing employee wages, taxes, deductions…
  • October 11, 2023
  • 231 views

PROFESSIONAL DEVELOPMENT

Risk Management Conference 2023

We are now living in a time of peak uncertainty and volatility as businesses contend with numerous risks that affect their business continuity.
  • September 8, 2023
  • 434 views

Audit Committees: Catalysts of Change

The business landscape today is becoming vastly more uncertain, volatile and complex.
  • August 15, 2023
  • 316 views

Data Intelligence and Analytics Conference for Public Sector 2023: Data Innovation for Service Excellence

The Government is a large organisation and among its many purposes are to provide public goods and services and represent the interests of the people.
  • July 14, 2023
  • 510 views