Browsing Category

REGULATORY

122 posts

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
  • 2.4K 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
  • 2.8K 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
  • 1.2K 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
  • 1.2K 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
  • 643 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
  • 1.9K 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
  • 1.4K views

Unprofessional Conduct – Punishments the Disciplinary Committee can impose

The definition of ‘unprofessional conduct’ is explained within the purview of the Malaysian Institute of Accountants (Disciplinary) (No.2) Rules 2002 [‘the Disciplinary Rules’] (article published on 23 April 2023).
  • January 5, 2024
  • 1.1K views

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. 
  • January 3, 2024
  • 1.4K views

Revision of Practice Review (PR) Framework Effective 1 July 2024

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.
  • November 21, 2023
  • 2.1K views