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REGULATORY

123 posts

The Peer Reviewer Approval Process for Type 3 (Order 3A) Audit Firms: A Critical Step in Effective Remediation 

In a move to enhance audit quality and compliance, audit firms classified as Type 3 (Order 3A) are now mandated to engage a peer reviewer during a 24-month remediation process.
  • June 10, 2025
  • 92 views

Mandatory Ethics Training for Professional Accountants: Understanding the New Continuing Professional Education Requirements

Ethics is the cornerstone of the accounting profession, ensuring transparency, underpinning regulatory compliance, and upholding public trust.
  • May 2, 2025
  • 713 views

Removal Order / Suspension Order

When a member is found to be guilty of unprofessional conduct, the Disciplinary Committee (DC) shall have the powersto impose any one or any combination of the disciplinary punishments…
  • April 24, 2025
  • 333 views

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
  • 1.5K 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
  • 749 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
  • 1.3K 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
  • 930 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
  • 1.5K 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
  • 2.1K 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
  • 759 views