Browsing Category

REGULATORY

120 posts

Phase 2 of Malaysia’s e-Invoicing Implementation: Key Compliance Insights

Malaysia’s e-invoicing mandate, introduced under the Income Tax Act 1967, has entered its second phase since 1 January 2025, targeting businesses with an annual turnover or revenue between RM25 million and RM100 million.
  • March 21, 2025
  • 99 views

Orders by the MIA Disciplinary Appeal Board

The Council of the Malaysian Institute of Accountants (“MIA”) hereby gives notice that after due consideration by the Disciplinary Appeal Board of MIA (“DAB”)…
  • February 20, 2025
  • 231 views

The Process for MIA Joint Supervision with BNM on AMLA for Reporting Institutions (RIs) in the Accountancy Profession 

In recent years, the significance of the anti-money laundering (AML) framework has grown exponentially as a means of safeguarding the integrity of financial and professional sectors worldwide.
  • January 27, 2025
  • 712 views

Announcement

Malaysian Institute of Accountants (“MIA”) is a statutory body established under the Accountants Act, 1967 (“Act”) to regulate the practice of the accountancy profession in Malaysia.
  • December 31, 2024
  • 483 views

Ensuring Compliance with IRBM Requirements for Payments to Agents, Dealers and Distributors 

It is common for businesses to leverage the strengths of third-party resources along the supply chain to ensure that their products effectively reach customers.
  • December 19, 2024
  • 997 views

Data and Compliance Report 2024: Why Is It Important and Compulsory? 

In an era where financial transparency and security are paramount, ensuring compliance with protocols established by regulatory bodies is not just a necessity but a fundamental obligation for maintaining the stability, credibility, and integrity of an institution.
  • December 17, 2024
  • 1.3K 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.
  • December 4, 2024
  • 485 views

Navigating the New AMLA Compliance Requirements for Designated Non-Financial Businesses and Professions

Staying abreast of financial regulations is crucial for Designated Non-Financial Businesses and Professions (DNFBPs).
  • October 22, 2024
  • 1.0K views

Announcement

Governed by the Accountants Act 1967, the Malaysian Institute of Accountants (MIA) is mandated to regulate the accountancy profession and accountancy services to protect the public interest.
  • October 8, 2024
  • 610 views

Revision of Practice Review (PR) Framework Effective 1 July 2024: Options and Steps Available for Type 3 Audit Firms Under the Transition Period

The Council of the Malaysian Institute of Accountants (MIA) has introduced significant amendments to its practice review framework, aimed at enhancing the quality and accountability of audit practices.
  • September 2, 2024
  • 1.1K views