Browsing Category

REGULATORY

125 posts

New Practice Review Framework (Part 1): Enhancing Audit Quality through Peer Review and Quality Assessment Programme

The Institute’s Practice Review (PR) Framework is set to undergo changes starting 1 July 2024, aimed at enhancing audit quality.
  • June 26, 2024
  • 1.3K views

The Intersection of Tax Evasion and Money Laundering: A Professional Accountant’s Perspective

Tax evasion and money laundering are two interrelated financial crimes that pose significant threats to the integrity of financial systems worldwide.
  • June 6, 2024
  • 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.
  • June 4, 2024
  • 1.2K views

Navigating the Potential Changes in Audit Exemption Thresholds (Part 2): Practical Considerations for SMEs and SMPs

To ensure a smooth adaptation to any forthcoming revisions in audit exemption thresholds, MIA advocates for a deliberate and phased strategy that aligns with SSM’s objectives…
  • May 7, 2024
  • 2.6K views

Navigating the Potential Changes in Audit Exemption Thresholds (Part 1): Advocacy for a Balanced Approach

MIA’s stance on audit exemption goes as far back as 2013 when Suruhanjaya Syarikat Malaysia (SSM) issued the consultative document on the Companies Bill for public consultation.
  • May 3, 2024
  • 3.2K views

Navigating Continuing Professional Education Compliance and Exemptions: A Guide for Professional Accountants

Continuing Professional Education (CPE) is an essential aspect of the accounting profession, ensuring professional accountants stay up-to-date with the evolving industry standards…
  • April 19, 2024
  • 1.4K 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
  • April 5, 2024
  • 1.4K views

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.
  • March 5, 2024
  • 717 views

Orders by the MIA Disciplinary Appeal Board

Orders made by the Disciplinary Appeal Board (DAB) against the Appellants by virtue of Rule 28 of the Malaysian Institute of Accountants (Disciplinary) Rules 2002 (“Rules”) are hereby published pursuant to Rule 31(1)(a) and Rule 31(2) of the Rules.
  • February 26, 2024
  • 2.0K 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
  • February 19, 2024
  • 1.6K views