Accountants act amended
Jan 2008
Recommendations by the Malaysian Institute of Accountants (MIA) for the proposed Accountants Act were expected to be finalised by the end of 2007. These will then be submitted to the Government through the Accountant-General's office.
Having earlier issued a consultative document on the matter, the MIA has already received feedback from stakeholders, regulators and academics. It is currently collaborating with the Malaysian Ministry of Finance and the office of the Accountant-General on amendments to the Accountants Act 1967.
Among the recommendations are the introduction of a competency assessment for accountants against international standards and the widening of the MIA's regulatory functions, vis-à-vis designing surveillance mechanisms and taking disciplinary action against errant members.
Recommendations by the Malaysian Institute of Accountants (MIA) for the proposed Accountants Act were expected to be finalised by the end of 2007. These will then be submitted to the Government through the Accountant-General's office.
Having earlier issued a consultative document on the matter, the MIA has already received feedback from stakeholders, regulators and academics. It is currently collaborating with the Malaysian Ministry of Finance and the office of the Accountant-General on amendments to the Accountants Act 1967.
Among the recommendations are the introduction of a competency assessment for accountants against international standards and the widening of the MIA's regulatory functions, vis-à-vis designing surveillance mechanisms and taking disciplinary action against errant members.
posted by Toyers at
8:45 AM
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