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REGULATORY
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Revision of Practice Review (PR) Framework Effective 1 July 2024 (Republished)
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.
Frequently Asked Questions (FAQs) on the Peer Review Process under the Practice Review Committee (PRC)’s Order For Type 3 Firms
Effective 1 Jul 2024, the Institute’s Practice Review (PR) Framework will be revised. One of the key changes will be the introduction of Peer Review for the audit firms (AF) with Type 3 rating.
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.