Continuous Quality Monitoring for Type 3 Audit Firms
Monitoring review on the implementation of the remedial action plan (RAP) and its ensuing requirements (as prescribed in the MIA By-Laws) will be imposed on the audit firm three months after the approval of the RAP by the Practice Review Committee.
December 18, 2018
Root Cause Analysis (RCA) – An Essential Process to Improve Audit Quality?
Audit practitioners must identify the root causes impairing audit quality to ensure the success of their Remedial Action Plan (RAP) under the new Practice Review Framework.
October 24, 2018
Formulating an Effective Remedial Action Plan
MIA’s Remedial Action Plan applicable for audit firms with Type 3 rating aims to tackle continuing weaknesses in audit firms’ performance, in order to heighten audit quality and improve public trust.
January 1, 2018
Doubling Your Tax Benefits with Double Deductions in Malaysia
As a measure to encourage companies engaged in targeted business activities, the…
July 28, 2023
Malaysia far from 2030 target of 60,000 accounting professionals
TALK of a shortage of accountants in the country is rife, with practitioners citing…
July 12, 2023
MFRS and MPERS Common Issues on Investment Property and Property Plant and Equipment
MIA has received various accounting queries on investment property and property, plant…
August 17, 2023
The MIA Sustainability Agenda
The call for sustainability adoption is currently in the global spotlight,…