As part of its endeavours to help public practitioners become more relevant and future-proof, the Malaysian Institute of Accountants (MIA) will organise the MIA SMP Forum 2023 on 9 March 2023 at Connexion Conference & Event Centre @ The Vertical, Bangsar South.

The Forum will be led by top-tier speakers who will share their perspectives on the most recent key developments affecting SMPs in the global and local landscape, ranging from complex changes in standards and regulation to implementing best practices in the environmental, social, and governance (ESG) agenda, technology adoption, and talent management. 

Importantly, the Forum will update participants on the proposals for IFRS for SMEs Accounting Standards which are expected to have a sweeping impact on the profession, while providing insights into the latest digital transformation trends affecting SMPs. 

Participants will also be exposed to the major requirements of the monitoring and remediation process within ISQM 1 and be able to understand DRP as a mechanism to resolve disputes arising from an appeal or application for relief filed by a taxpayer.

The Forum will also convey the importance of sustainability at SMPs for business continuity and share tips on how to get started with the ESG agenda.

The following are highlights of the key sessions:

Successful Digital Transformation of SMPs

MIA recently released the Digital Competency Maturity Model (DCMM) tool, which greatly aids in the digital transformation of organisations. This sharing session endeavours to motivate SMPs to stay future-ready by working on their own success story in digital transformation.

International Standard on Quality Management (ISQM) 1: Monitoring and Remediation Process 

This session will go over a solid monitoring and remediation system that allows for proactive and continuous improvement in engagement quality and overall quality management within an organisation.

Gen Z: the Future of Accountancy

This panel session covers Generation Z’s impact on the future of accounting as the newest entrants into the workforce and future leaders.

ESG & Sustainability: The Way Forward for SMPs 

ESG and sustainability will become more prevalent and sophisticated in the coming years, making it critical for SMPs to develop the capacity to provide high-quality sustainability services as soon as possible. This session will explore why public practice firms should prioritise sustainability, as well as how organisations can begin to take action.

Dispute Resolution Proceedings (DRP): What You Should Know

Examines the Inland Revenue Board Malaysia’s (IRBM) DRP initiative and why the medium is an effective approach to saving time and money when reviewing and reaching a settlement with the IRBM.

Updates on IFRS for SMEs and Its Implication on Accounting 

The session walks participants through the accounting implications of the International Accounting Standards Board’s (IASB) proposals to update the IFRS for SME Accounting Standards.

For more information on the Forum, please click here.

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