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auditing assurance

30 posts

Highlights of ISA 540 (Revised), Auditing Accounting Estimates and Related Disclosures

Changes in accounting standards have in turn brought about significant change to the audit of accounting estimates.
  • June 18, 2019
  • 5.1K views

ISA 600 (Revised) – Special Considerations: Audits of Group Financial Statements (Including the Work of Component Auditors)

The International Auditing and Assurance Standards Board (IAASB) had, through the issuance of the Invitation to Comment (ITC) Paper, Enhancing Audit Quality in the Public Interest: A Focus on Professional Skepticism…
  • February 17, 2023
  • 533 views

Why Professional Accountants will Save the World

As the global voice of the accountancy profession, the International Federation of Accountants (IFAC) has 180 members representing more than three million professional accountants in over 135 countries.
  • January 16, 2023
  • 1.2K views

Reminder to Practitioners and Audit Firms – New Quality Management Standards (ISQMs) – ISA 220 (Revised), ISQM 1 & ISQM 2 will be effective from 15 December 2022 (Republished)

The Practice Review Department (PRD) wishes to remind practitioners and audit firms in Malaysia that the International Auditing and Assurance Standards Board (IAASB) has approved three (3) new quality management standards, which will be effective from 15 December 2022.
  • September 8, 2022
  • 14 views

ESG Advocacy, Protection of the Public Interest and Talent Development are Top Priorities for the Institute, Says MIA CEO

Joining MIA as the new CEO on 28 March 2022, Dr. Wan Ahmad Rudirman Wan Razak said in a recent interview with eAT that he is honoured to have the privilege of leading the Institute on the next phase of its journey…
  • August 2, 2022
  • 770 views

Scalability: How Did the International Standards on Quality Management (ISQM) 1 Deal With This Issue?

At the onset, the ISQM project team had identified two important elements that the new standard aimed to enhance, noting limitations of the extant International Standards on Quality Control (ISQC) 1…
  • June 30, 2022
  • 1.9K views

Addressing the Perceived Quality Control Issues of the Financial Reporting Function of Reporting Entities

Concerned by the perceived high level of stress among audit professionals in Malaysia, MIA took the initiative to conduct two surveys to provide insights into the quality control environment…
  • June 27, 2022
  • 1000 views

Reminder to Practitioners and Audit Firms – New Quality Management Standards (ISQMs) – ISA 220 (Revised), ISQM 1 & ISQM 2 will be effective from 15 December 2022

The Practice Review Department (PRD) wishes to remind practitioners and audit firms in Malaysia that the International Auditing and Assurance Standards Board (IAASB) has approved three (3) new quality management standards, which will be effective from 15 December 2022.
  • March 7, 2022
  • 2.8K views

Driving the Adoption of Digital Signatures

Thanks to the COVID-19 pandemic impact, remote working and virtual meetings have become a norm, with one key consequence: the need to find alternatives to signing off physical documents.
  • December 22, 2021
  • 1.5K views

Less Complex Entities (LCE) Standard: A Panacea for A Cost-Effective Audit?

The long-awaited, separate, standalone, proposed International Standard on Auditing for Audits of Financial Statements of Less Complex Entities (ISA for LCE) which is based on the core requirements of the International Standards on Auditing (ISAs)…
  • December 15, 2021
  • 2.3K views