Optimising eConfirm.my for Bank Confirmation Requests

Among its efforts to future-proof the profession, MIA pioneered an Electronic Bank Confirmation platform widely known as eConfirm.my for the entire auditing industry in June 2020.

Sending of Bank Confirmation Requests by Auditors in Malaysia

Many bank confirmation letters are sent to banks annually by auditors to request for confirmation of audit clients’ bank balances and arrangements.

Embracing eConfirm.my: Feedback from Banks

Numerous confirmation letters are sent to banks at least on an annual basis by auditors to request for information on their clients’ bank balances and arrangements.

Starting Out in Technology for SMPs: Taking Your First Step Post-pandemic

COVID-19 has helped organisations around the world to achieve in a short period what might have taken years in a non-pandemic world: accelerate their adoption of digital solutions and processes.

Embracing eConfirm.my: The Experience Thus Far

Early adopters recommend that their peer audit firms adopt this electronic bank confirmation platform, as the pros outweigh the cons.

Launch of Industry-wide Electronic Bank Confirmation Platform Set to Transform Auditing & Capital Market

The industry-wide Electronic Bank Confirmation (EBC) Platform (eConfirm.my) was officially launched on 26 June 2020 by the Malaysian Institute of Accountants (MIA) and Extol Corporation Sdn Bhd (Extol), a wholly-owned subsidiary of AppAsia Berhad, at an e-ceremony attended by various stakeholders, including auditors, audit clients, bankers and regulators.

MIA Spearheads Electronic Bank Confirmation Platform

eConfirm.my Integral to MIA’s Strategy to Advocate Audit Digitisation