| Investigation |
|
Chairman:
Mr Albert Wong Mun Sum
Members:
Ms Gloria Goh Ewe
Gim (appointed w.e.f. October 2003)
Pn Zahrah Abd Wahab Fenner
Mr Yeo Tek Ling
Prof Madya Dr Mohamad Ali Abdul Hamid
En Nik Mohd Hasyudeen Yusoff (retired w.e.f September 2003)
Terms of
Reference:
To consider and investigate formal complaints against members of the Institute and cases of unprofessional conduct which are brought to the knowledge of the Investigation Committee;
To determine whether any matter investigated by the Investigation Committee should be referred to the Disciplinary Committee and if so determined, to refer the matter to the Disciplinary Committee;
Where a matter is referred by the Investigation Committee to the Disciplinary Committee, to prosecute such matter before the Disciplinary Committee;
To consider all other matters referred to the Investigation Committee by the Council from time to time and to make the necessary recommendations to the Council.
No. of Meetings : 6
| Disciplinary |
|
Chairman:
Mr Beh Tok Koay
Members:
En Mohd Nor bin Ahmad
Dr Veerinderjeet Singh
Mr Manjeet Singh s/o Santokh Singh
Mr Quek Jin Fong
Terms of
Reference:
To consider all cases referred by the Investigation Committee and to make decisions thereto;
To impose such penalties in accordance with Malaysian Institute of Accountants (Disciplinary) Rules, 2002 as the Committee may deem appropriate where the Committee finds that the complaint has been proven wholly or in part.
No. of Meetings : 3
| Examination |
|
Chairman:
Y Bhg Dato' Ab. Halim Mohyiddin
Members:
Prof Dr Ibrahim Kamal Abd
Rahman
Mohamad Salleh Mahmud
Assoc Prof Noorbijan Abu Bakar
Assoc Prof Dr Shahul Hameed Ibrahim
Ms Tan Shook Kheng
Mr Albert Wong Mun Sum
Mr Yeo Tek Ling
En Zaini Arshad
Terms of
Reference:
To make recommendations for the appointment of an examination body;
To register the candidates and keep a register of the candidates;
To make recommendations for the determination and collection of the registration and examination fees;
To approve the structure and content of the Qualifying Examination;
To approve the number of papers and subject areas to be covered in such papers for the Qualifying Examination;
To specify the number of papers to be taken by the candidates;
To issue the certificate of candidacy;
To announce the examination results and keep a register of the results;
To issue the certificate of successful completion of the Qualifying Examination; and
Any other functions as the Council may prescribe from time to time.
No. of Meetings : 9
| Administration |
|
Executive
Chairman:
Datuk Dr Abdul Samad Hj Alias
Members:
En
Abdul Rahim bin Abdul Hamid
En Mohd Salleh Mahmud
Datuk Khalid Ahmad
Dato' Lee Ow Kim
Mr Beh Tok Koay
Tuan Hj Muztaza bin Mohamad
Mr Lam Kee Soon
Datuk Nur Jazlan Tan Sri Mohamed
Mr Albert Wong
Mun Sum
En Mohammad bin Abdullah (Registrar)
Terms of
Reference:
To carry out the delegated functions of Council in relation to the proper management and administration of the Institute, in particular to:-
Ensure that the Secretariat and its branches are effectively and efficiently managed;
Ensure the proper management and supervision of the Institute's funds, including monitoring of financial controls and budget;
Recommend to Council the annual budget of the Institute for adoption; and
Determine the Institute's information technology (IT) strategies,
directions and to ensure its implementation.
For the above purposes, the Executive Committee is given power to:-
Recruit, employ, dismiss staff of the Secretariat as it may deem fit, and to determine their duties and terms and conditions of service up to the level of Senior Managers; and to make recommendations to Council in respect of staff above that level; and
Expend for purposes of the Institute, funds up to the amount of RM60,000.00 for capital and operational purposes.
To ensure proper implementation by the management of the policies and directions of the Council and its Committees with regard to the Institute's activities.
To initiate and recommend to Council the lnstitute's policies with regard to proper co-operation, collaboration, representation and generally good relations with relevant Government bodies and agencies, and to ensure that these policies are properly implemented.
To initiate and recommend to Council the Institute's policies with regard to national, regional and international relations with other institutes and professional bodies, and to ensure the implementation of approved policies.
To initiate, recommend and carry out other matters/functions in relation to the Institute delegated by the Council or deemed appropriate by the Executive Committee.
No. of Meetings : 8
Editorial Board
Chairman:
Mr Raymond Liew Lee Leong
Members:
YM Raja Datuk Seri Abdul Aziz Raja Salim
Datuk Khalid Ahmad
Yang Berhormat Datuk Nur Jazlan Tan Sri Mohamed
Assoc Prof Dr Nafsiah Mohamed
En Sudirman Masduki
Mr Quek Jin Fong
Pn Zahrah Abd Wahab Fenner
Prof Dr Jeyapalan
Kasipillai
Assoc Prof Puan Faridah Ahmad
Mr
Chia Kum Cheng
Mr
Tong Chin Hoo
Ms Adelena Lestari Chong
En Ghazalie Abdullah
Ms Lydia Ng
(appointed w.e.f. December 2003)
Terms of
Reference:
To consider all matters relating to the editorial policies and publications of the Institute's journal, Accountants Today (previously known as Akauntan Nasional).
No. of Meetings : 8
Public Relations
Chairman:
YBhg
Datuk Nur Jazlan Tan Sri
Mohamed
Members:
YM Raja Datuk Seri Abdul
Aziz Raja Salim
YBhg. Datuk Khalid Ahmad
Mr Raymond Liew Lee Leong
Assoc. Prof. Dr. Nafsiah
Mohamed
Mr Quek Jin Fong
En Sudirman Masduki
Pn
Zahrah Abdul Wahab Fenner
Prof Dr Jeyapalan
Kasipillai
Assoc Prof Puan Faridah Ahmad
Mr
Chia Kum Cheng
Mr
Tong Chin Hoo
En
Ghazalie Abdullah
Ms Adelena Lestari Chong
Ms Lydia Ng (appointed w.e.f. December 2003)
En
Nik Mohd Hasyudeen Yusoff (appointed w.e.f. May 2004)
Terms of
Reference:
The Public Relations Committee is responsible for the delivery of the Institute's communications strategy and public access strategy, and its main priorities are:
To plan and implement clear and mature public relations programmes for the purpose of developing and implementing a stronger brand identity for the Institute;
To publicise the role of the Institute internally and externally;
To establish a stronger and more effective media management and liaison function, thus ensuring regular contact with the media;
To undertake internal and external research to monitor the effectiveness of communications activities;
To be responsible for the production of corporate and institutional publications;
No. of Meetings : 7
| Membership |
|
Membership Affairs
Chairman:
Mr Albert Wong Mun Sum
Members:
Datuk Dr Abdul Samad Hj Alias
En Mohamad Salleh Mahmud
Mr Beh Tok Koay
Prof Madya Dr Mohamad Ali Abdul Hamid
Tuan Haji Muztaza Mohamad
Y. Bhg Datuk Nur Jazlan Tan Sri Mohamed
En Mohammad Abdullah (Registrar)
Terms of Reference:
To consider and make recommendations to Council on applications for membership, reclassification and readmission of members;
To recommend to Council the removal from membership of any member who has failed to pay the annual subscription within six (6) months of the due date;
To consider and make recommendations to Council on applications for practising certificates;
To provide guidance to members on the interpretation of the provisions contained in the Institute's By-laws (On Professional Conduct and Ethics);
To implement a system of mandatory CPE through effective monitoring of members' compliance and establish appropriate mechanisms to respond to instances of non-compliance with the requirements.
No. of Meetings : 5
Continuing Professional Education
Chairman:
Mr. Manjeet Singh s/o Santokh SinghMembers:
Prof. Madya Dr. Nafsiah Mohamed
Y.Bhg Datuk Khalid Ahmad
En. Mohd Nor Ahmad
Dr. Veerinderjeet Singh
En. Sudirman MasdukiTerm of Reference
To establish and operate an effective program of continuing professional education (CPE) and to source quality post-graduate programs to maintain and improve the technical knowledge and professional skills of members whether they are in public practice, industry, commerce, education or the public services.
These programs are to provide reasonable assurance to society at large that members have the necessary knowledge and skills required to perform their services;To organize the annual national and regional accountants conference; and
To regularly review and propose revision to guidelines for continuing professional education.
No. of Meetings : 4
|
|
Chairman:
Datuk Dr Abdul Samad Hj Alias
Members:
En Mohammad Abdullah
(Registrar)
Assoc Prof Dr Mohamad Ali
Abdul Hamid
En Mohd Sarif Ibrahim
Assoc Prof Dr Nafsiah Mohamad
Assoc Prof Dr Noorhayati
Mansor
Dr Veerinderjeet Singh
Mr Albert Wong Mun Sum
Mr Yeo Tek Ling
Terms of
Reference:
To evaluate and accredit qualifications for purpose of admission as members of the Institute;
To liaise with the National Accreditation Board and the Quality Assurance Division of the Ministry of Higher Education on policy and matters pertaining to the accreditation of accounting education; and
To ensure that the accounting curriculum of institutions of higher learning in Malaysia covers the guidelines as outlined in the Report of the Institutions of Higher Learning Accounting Programme's Steering Committee (Halatuju Report).
No. of Meetings : 2
| Technical |
|
Accounting & Auditing
Chairman:
Y. Bhg Dato' Nordin Baharuddin
Members:
Y. Bhg Dato' Abd Halim Mohyiddin
Y. Bhg Dato' Syed Amin Aljeffri
En Mohd Nor Ahmad
Assoc Prof Dr Norhayati Mansor
Prof Dr Takiah Mohd Iskandar
Ms Annie Look Kam Kiew
Mr Au Tai Wee
Assoc Prof Dr Azham Md Ali
Assoc Prof Dr Azhar Abdul Rahman
Mr Desmond Tan
Mr Geoffrey Wong Joon Hian
Assoc Prof Dr Hasnah Haji Haron
Mr Joseph Loh Chun Kuoh
Mr Ken Pushpanathan
En Khairudin bin Ibrahim
Mr Lim Eng Seng
Ms Loh Lay Choon
Mr Loo Kent Choong
Assoc Prof Margaret Boh
Mr Ng Meng Kwai
Assoc Prof Hajah Noraini Mohd Nasir
Ms Nor Hafizah Zainal Abidin
Mr Ong Liang Beng
Mr Sathiea Seelan Manickam
Mr Soon Teck Thong
Mr Stephen Khoo Siong Kee
Mr Stephen Oong Kee Leong
Mr Thomas A Scott
Mr Thomas Mathew
En Nazlan Ozizi Ibrahim (retired w.e.f September 2003)
Mr Abraham Verghese (retired w.e.f December 2003)
Dr Barjoyai Bardai (retired w.e.f December 2003)
Pn Nurmazilah Dato' Mahzan (retired w.e.f December 2003)
Terms of Reference:
To provide guidelines on the interpretation and application of approved accounting standards;
To formulate and provide guidelines on the interpretation and application of approved auditing standards and statements in Malaysia;
To review and comment on Statements of Principles and Exposure Drafts of any relevant proposed accounting and auditing standard;
To consider and recommend principles of good practice on issues not covered by an accounting and auditing standard or regulation or legislation and on interpretation of emerging and urgent accounting and auditing issues;
To review proposals and to recommend practice guides for the application of members in the performance of their respective duties;
To review and make appropriate recommendations/submission on corporate law matters and legislation affecting financial reporting and related matters;
To provide a platform for discussion among members in commerce, industry and public practice in respect of the accounting and auditing standards and practices.
No. of Meetings : 4
Working Group on Accounting
Chairman:
Mr Stephen Oong Kee LeongMembers:
Ms Annie Look Kam Kiew
Mr Geoffrey Wong Joon Hian
Mr Joseph Loh Chun Kuoh
Mr Ng Meng Kwai
Assoc Prof Noraini Mohd Nasir
Mr Sathiea Seelan Manickam
Ms Siew Kar Wai (appointed w.e.f April 2004)Terms of Reference:
To formulate and provide guidelines on the interpretation of accounting standards and other accounting statements for application in Malaysia;
To review on Statement of Principles and Exposure Drafts of any relevant proposed accounting standards;
To consider and recommend principles of good practice on issues not covered by an accounting standards or regulations or legislation and on interpretations of emerging and urgent accounting issues;
To provide a forum for discussion among members in commerce, industry and public practice in respect of the accounting standards and practices;
To advice the Accounting and Auditing Committee on the latest developments and actions required to be taken regarding accounting issues.
No of Meetings : 5
Working Group on Auditing
Chairman:
Mr Thomas A Scott
Members:
Mr Stephen Khoo Siong Kee
Ms Nor Hafizah Zainal Abidin
Ms Ng Mi Li
En Khairudin Ibrahim
Assoc Prof Dr Hasnah Haji Haron (retired w.e.f December 2003)Terms of Reference:
To review on exposure drafts of any relevant proposed auditing pronouncements and to make appropriate recommendations or submission;
To deliberate on comments received from members or interested parties on the exposure drafts issued by MIA and to draft the explanatory foreword to the standards;
To review and comment on the draft Technical Bulletins on auditing prepared by Secretariat;
To undertake discussions on auditing matters with regard to the projects of the IFAC’s IAASB.
No of Meetings : 2
MIA-MICPA Working Group on Auditing
Chairman:
Y. Bhg Dato' Nordin Baharuddin
Co-Chairman:
Mr Sukanta DuttMembers:
Mr Chia Kum Cheng
Ms Josephine Edward
En Khairuddin Ibrahim
Ms Loh Lay Choon
Cik Nor Hafizah Zainal Abidin
Ms Ng Mi Li
Mr Robert Tan /Mr Hiew Kim Thiam
Mr S A Vanar
Mr Stephen Khoo
Mr Siow Kim Lun
Mr Thomas A Scott
Assoc Prof Dr Hasnah Haji Haron (retired w.e.f December 2003)Terms of Reference:
To consider new or revised International Standards on auditing or guidance for auditing practices in Malaysia and make recommendations to the respective Councils through its committees;
To review exposure drafts of any relevant proposed auditing pronouncements and to make appropriate recommendations for submission;
To review and consider any other issues and developments in other jurisdictions which relate to auditing practice.
No. of Meetings : 4
Company Law Practice
Chairman:
Mr Quek Jin Fong
Members:
Pn. Zahrah bt. Abd. Wahab Fenner
Mr Manjeet Singh s/o Santokh Singh
En Mohd Nor b. Ahmad
Mr Lam Fu Wing
Y. Bhg. Datuk Khalid Ahmad (appointed w.e.f October 2003)
Y. Berhormat Datuk Nur Jazlan bin Tan Sri Mohamed (retired w.e.f October 2003)
Ms Adelena Lestari Chong Ai Lin
Mr Anthony J Skelchy (retired w.e.f October 2003)
Mr David Lim Boon Huat
Mr David Lim Hun Soon (retired w.e.f October 2003)
Mr Eddy Chong Kwong Chin
Mr Gan Ah Tee
Mr Heng Ji Keng
Mr Kingsley Yuen King Mun
Mr Lau Chin Wee
Mr Lee Yat Kong
Mr Michael Y S Tong
Mr Neoh Chin Wah
Mr Ng Pyak Yeow
Mr Steven Lim Hoo Teck
Mr Toby Lam
Mr Wong Kam Khan
Mr Yeoh Chong Keat
Dr Zubaidah Zainal Abidin
Terms of Reference:
To advise the MIA Council in respect of:
Matters relating to Company Law and Regulations; and
The issuance of By-Laws and Guidelines on Best Practices to regulate company secretarial practice.
To provide a forum to discuss the issues faced by practitioners in respect of:
The Law and its development relating to companies; and
Communication with the Companies Commission of Malaysia.
To formulate representations and recommendations for submission to the relevant authorities.
To collate review and disseminate information to members on legislative and case law developments affecting companies and company secretarial practices.
To assist members in the development of their company secretarial practices.
To facilitate greater co-operation and camaraderie amongst company secretarial practitioners and generally to contribute to the development of company secretarial practices in Malaysia.
No. of Meetings : 5
Insolvency Practice
Chairman:
En Abdul Rahim bin Abdul Hamid
Members:
Y. Bhg Dato' Nordin bin Baharuddin
Y. Bhg Dato' Syed Amin Aljeffri
Prof Madya Dr Mohamad Ali Abdul Hamid
Prof Dr Takiah Mohd Iskandar
Mr Raymond Liew Lee Leong
Mr Lam Fu Wing (retired w.e.f October 2003)
En Alam Primus Abdullah (retired w.e.f October 2003)
Mr Anthony J Skelchy (retired w.e.f October 2003)
Mr Neoh Chin Wah
Mr Gan Ah Tee
Mr Heng Ji Keng
Mr K Balasubramaniam
Pn Rohatul Akmar Abdullah
Mr Lam Chin Wee (retired w.e.f October 2003)
Mr Lee Yat Kong
Mr Lim Tian Huat
Mr Mak Kum Choon
Mr Michael K S Tong
Mr Ng Pyak Yeow
Mr Ng Chih Kaye
Mr Nitin Nadkarni
Mr Tan Kim Chuan
Mr Toby Lam
Mr Vincent Chew Chong Eu
Mr Lim San Peen (appointed w.e.f October 2003)
Ms Yap Wai Fuh (retired w.e.f October 2003)
Terms of Reference:
To provide a forum for the exchange of ideas and discussion of issues faced by practitioners in relation to:
the law and practice of insolvency and corporate restructuring;
their dealings with the Companies Commission of Malaysia, Department of Insolvency, Malaysia and other relevant authorities; and
making the necessary representations and/or recommendations to such authorities.
To prepare Guidance Notes on insolvency & corporate restructuring practice.
To create awareness among members in insolvency and corporate restructuring practice in this country on the highest degree of integrity, objectivity and competency and to consistently evaluate the current framework of insolvency and corporate restructuring law and its practice in Malaysia.
To encourage and facilitate greater co-operation and communication amongst insolvency and corporate restructuring practitioners in Malaysia.
To deal with any other matters relating to insolvency and corporate restructuring.
No. of Meetings : 4
Internal Audit
Chairman:
En. Muhammad bin Ibrahim
Members:
Assoc. Prof. Dr. Noorhayati binti Mansor
Mr Raymond Liew Lee Leong
En. Sudirman bin Masduki
Mr. Quek Jin Fong
Mr Devanesan Evanson
Mr Edward Chien
Ms Gladys Leong
Prof Dr Juhari Samidi
Mr Lim Huck Hai
Mr Lim Lai Seng
Mr Nickson Choo (appointed w.e.f February 2004)
Mr Ong Liang Beng
Ms Penny Yeo Guat Chong (retired w.e.f August 2003)
YM Raja Dato' Seri Abdul Aziz Raja Salim (retired w.e.f October 2003)
Mr Ong Kok Choon (retired w.e.f February 2004)
Mr Cheong Meng Sen (retired w.e.f January 2004)
Terms of Reference:
To issue guidelines on internal audit.
To promote wider use of Information Technology in internal auditing.
To encourage more organisations to establish internal audit function.
To encourage organisations to employ qualified accountants as internal auditors.
To encourage research and development on internal audit.
To promote best practices of internal audit.
No. of Meetings : 3
Professional Accountants In Business
Chairman:
Mr. Yeo Tek Ling
Members:
En Othman bin Abdullah
Mr Chan Yean Hoe, Eddie (retired w.e.f August 2003)
Assoc Prof Dr Shamsul Nahar Abdullah (retired w.e.f February 2004)
Mr P Rajasundram
Mr Lam Fu Wing (appointed w.e.f. February 2004)
Assoc. Prof. Dr. Mohamad Ali Abdul Hamid
Tuan Haji Muztaza Bin Mohamad
En. Sudirman Bin Masduki
Prof Dr Takiah bt Mohd Iskandar
Mrs Alexandra Thien
Mr Chan Siew Tong
Prof Dato' Dr Daing Nasir Ibrahim
Mr David Tiang
Mr Go Hwi Kueh
Mr How Wong Yuh
Mr Koo Peng Hon
Mr Ragubathy RK Naidu
Mr Tan Seow Heng
Assoc. Prof. Dr. A. Thillaisundaram
En. Ahmad Fuaad bin Mohd Kenali
Assoc Prof Hajjah Azizah binti Haji Dolah
Mr. Billy Kang Wei Geih
En. Gazali Jaafar
Prof. Dr. Ibrahim Kamal Bin Abd Rahman
Mr. Lee Hin Kan
Mr. Lee Kheng Tek
Mr. Leong Kai Keong
Assoc. Prof. Dr. Maliah Sulaiman
En. Mohamed Hanif bin Abdul Hamid
En Mustapa Kamal bin Mohd Razali
Ms. Say Sok Kwan
Dr. Tengku Akbar Tengku Abdullah
Mr. Wong Chee Wing
Terms of Reference:
To study and/or review the practices and studies issued by the Professional Accountants in Business (PAIB) Committee of the International Federation of Accountants (IFAC) and/or other relevant sources, and to provide forewords as deemed appropriate to these documents, and to make recommendations to Council for adoption and issuance to members;
To select and issue other documents related to management accounting as Recommended Statement of Management Accounting (RSMA) to members as statements of best practices in management accounting;
To maintain regular dialogues:
for exchange of information regarding current developments and emerging issues that shape the management accounting profession; and
as a source of comment and suggestions from members;
To organise seminars and other programs that focus on management accounting issues for members in commerce, industry and public sector to provide for the development and support of members;
To identify and recommend research subjects/topics into current issues and matters of importance relating to financial and management accounting; and
To increase recognition of the professional capabilities of financial and management accountants by carrying out relevant activities and/or work with relevant bodies.
No. of Meetings : 6
Public Practice
Chairman:
Mr Lam Kee Soon
Members:
En Abdul Rahim Abdul Hamid
Y Bhg Dato' Abdul Halim Mohyiddin
Y Bhg Dato' Syed Amin Al Jeffri
Y Bhg Dato' Nordin Baharuddin
Mr Raymond Liew Lee Leong
Dr Veerinderjeet Singh
Mr Manjeet Singh s/o Santokh Singh
Ms Gloria Goh Ewe Gim
Ms Alexandra Thien
Mr Sam Soh Siong Hoon
Mr Fan Kah Seong
En Wan Idris Wan Ibrahim
Mr Peter Lim Thiam Kee
Mr David Tan Lye Chong
Mr Lim Eng Seng
En Mohd Afrizan Husain
Ms Janise Lee Guat Hoe
Ms Chuah Sue Yin
Mr Yip Beng Fatt
Terms of Reference:
To provide guidance to members on the interpretation of the provisions as contained in the Institute's By-Laws (On Professional Conduct and Ethics) in respect of practice issue/ management;
To identify the professional development needs of practices and to promote the overall professional standing of members in practice;
To provide a regular forum/ dialogue for interaction and consultation for members in practice and those that are involved in the audit of co-operative, societies, public sector entities and other establishment;
To provide the necessary assistance to members in public practices;
To assist in the formulation and the provision of training courses for staff of professional practices.
No. of Meetings : 4
Working Group Mergers and Acquisitions
Chairman:
Mr Raymond Liew Lee Leong
Members:
Mr Lam Kee Soon
Mr Su Lim
Mr Billy Kang Wei Geih
Mr Sam Soh Siong Hoon
Mr Joseph Foo Tui Lee
Mr Soo Yuit Weng
Mr John Tan Chin Hock
Mr Lim Eng Seng
En Mohd Afrizan Husain
Mr Peter Lim Thiam Kee
Mr Chong Kee Hong
Mr Lim Kien Chai
Mr Anthony Skelchy
Terms of Reference:
To provide guidance to members on the relevant issues pertaining to the undertaking of mergers, affiliation and/or acquisitions of firms.
To provide a platform for eventual practice consolidation, expansion and/or succession.
No. of Meetings : 3
Working Group on Financial Planning
Chairman:
Mr Raymond Liew Lee Leong
Members:
Mr Lim Yuen Seong
Mr Ng Siew Chuan
Mr Yap Ming Hui
Mr Wong Loke Lim
Mr Samuel C.E. Lai
Mr Goh Kean Hoe
Mr Roy Soon Chen Loy
Mr Steve Teoh
Ms Carol Yip
Mr Bhupinder Singh
Mr Chong Chee Fire
Mr Lim Kien Chai
Mr Chua Tia Guan
Terms of Reference:
To provide guidance to members in pursuing financial planning as an additional value-added professional service that may be offered by our member firms. The guidance can be in the area of compliance with the Institute's By-Laws (On Professional Conduct and Ethics);
To identify professional development needs of practices in the area of financial planning and to promote these needs to our practitioners;
To provide a regular forum for financial planning practitioners who are our members to interact with other professional bodies in the area of financial planning for the betterment of the profession; and
To assist in the formulation and the provision of training courses for members intending to pursue the area of financial planning as a value-added service.
No. of Meetings : 3
Small Practitioners Working Group
Chairman:
Mr Peter Lim Thiam Kee
Members:
Mr Joseph Foo Tui Lee
Mr Sam Soh Siong Hoon
Hj Mohd Noh Jidin
Mr Chen Voon Hann
Mr Heng Ji Keng
Mr Lau Chin Wee
Mr Kingsley Yuen King Mun
En Abdul Razak Nazahdin
Hj Muhamad Sahir Sanawi
Terms of Reference:
To promote the interest of local practitioners;
To promote and highlight the benefits of statutory audit in the development of small and medium size enterprises (SME);
To highlight the importance of audit tot he government authorities and other stakeholders.
To determine whether the new differential reporting framework recommended by CAPA would help SME in terms of cost saving and to enable them to be more efficient and competitive locally and globally.
To determine the quantum of technical assistance and resources required in implementing the above.
No. of Meetings : 4
MIA-MICPA Working Group on SMIDEC
Chairman:
En Mohd Afrizan Husain
Members:
Mr Sam Soh Siong Hoon
En Nik Mohd Hasyudeen Yusoff
Mr Peter Lim Thiam Kee
Mr Chen Voon Hann
Ms Ng Chew Yong
Mr S. Kumar
Mr Gurdarsan Singh
En Ahmad Shahrul Hj. Mohamed
Mr Poon Yew Hoe
Mr John Tan Chin Hock
Ms Tan Shook KhengTerms of Reference:
No Terms of Reference have been established as yet
.No. of Meetings : 3
Taxation
Chairman:
Mr Beh Tok Koay
Members:
En Mohd Sarif bin Ibrahim
Mr Lam Kee Soon
Mr Manjeet Singh s/o Santokh Singh
Mr Raymond Liew Lee Leong
Dr Veerinderjeet Singh
Mr Yeo Tek Ling
Mrs Alexandra Thien
Mr Sam Soh Siong Hoon
Mr David Tiang Kung Seng
Mr Fan Kah Seong
Mr Hoh Chee Kee
Mr Joseph Foo Tui Lee
Mr Lam Weng Keat
En Mohd Noor Abu Bakar
Mr Patrick Teo Chin Keong
Ms Pauline Tam Poh Lin
Mr Peter Lim Thiam Kee
Mr Poon Yew Hoe
Mr Steven Lim Hoo Teck
Mr Wong Chee Leong
Assoc Prof Dr Choong Kwai FattTerms of Reference:
To formulate and recommend to the Government comprehensive and constructive proposals for fiscal changes consistent with the interest of the nation and profession;
To act as a conduit to allow our members to channel their views and maintain dialogues with the relevant authorities;
To monitor official statements on tax matters and issue comments thereon where appropriate;
To issue regular tax information via circulars to all members;
To co-ordinate reviews of the legislation or draft legislation as and when appropriate;
No of Meetings : 3
|
|
Chairman:
Datuk Dr
Abdul Samad Hj Alias
Members:
Datuk Nur Jazlan Tan Sri Mohamed
YM
Raja Dato' Seri Abdul Aziz Raja Salim
(retired w.e.f October 2003)
Dato'
Lee Ow Kim
Dato'
Ab Halim Mohyiddin
Pn Zahrah Abd Wahab Fenner
Ms Gloria Goh Ewe Gim (appointed w.e.f October 2003)
Mr Lam Kee Soon (appointed w.e.f October 2003)
En
Nik Mohd Hasyudeen Yusoff
En Goh Joon Hai
En Mohd Sarif Ibrahim
Terms of Reference:
To study the impact of progressive liberalisation in the development of competitive service sectors; viz. under the General Agreement of Trade in Services (GATS) and Asean Framework Agreement on Services (AFAS).
To examine the opportunities and challenges faced by accountants in enhancing exports of services and formulate strategies to increase their participation in world trade in services;
To assist the Government in its negotiations on the liberalisation of trade in services as regards to the accountancy profession;
To propose policies aimed at enhancing cooperation with other countries, at regional, sub regional, and interregional level; and
To facilitate the dissemination of the knowledge of laws and regulations concerning the services sector with a view, inter alia, to adapting them to the requirements of increasing globalisation of services, promoting transparency and mutual knowledge of the pertinent regulations.
No. of Meetings : 2
| Ethics |
|
Chairman:
Mr Albert Wong
Mun Sum
Co-Chair person:
Dr Nik Ramlah Mahmod
Members:
En Mohammad Salleh Mahmud
(represented By: Mr Er Beng Kiong)
Mr Beh Tok Koay
En Nik Mohd Hasyudeen Yusoff
Mr Yeo Tek Ling
Mr Quek Jin Fong
Dato Azizah Bte Haji Arshad (represented By: Puan Saadatul Nafisah)
Ms Selvarany Rasiah
Mr Edwin Wong Lee Tuck
Ms Toh Kay Hong
En Kamarudin Hashim
Mr Sukanta Dutt
Mr Philip Koh
Ms Gloria Goh Ewe Gim (appointed w.e.f. October 2003)
Terms of
Reference:
To consider the extent to which the Institute's By-Laws (On Professional Conduct & Ethics) are to be revised so as to be responsive and aligned to relevant and significant local and international developments;
To review the International Federation of Accountants (IFAC) Code of Ethics for the purpose of assessing the extent of compliance by the Institute and determining if revisions to the Institute's By-Laws (On Professional Conduct & Ethics) are required, since due compliance with the IFAC Code of Ethics (to the extent not inconsistent with national laws and regulations) is part of the Institute's obligations as a member body of IFAC;
To provide guidance or clarification to the Secretariat or the Committees of the Institute on the Institute's By-Laws (On Professional Conduct and Ethics) from time to time; and
To support the efforts of the Institute in promoting greater awareness and understanding of the Institute's By-Laws (On Professional Conduct and Ethics) to members of the Institute, relevant educational institutions, regulators and other stakeholders.
No. of Meetings : 7
| Financial Statements Review |
|
Chairman:
Mr Lam Kee Soon
Members:
Mr Lam Fu Wing
Mr Raymond Liew Lee Leong
Mr Wong Kay Yong
Ms Anne Rodrigues
Pn Hashanah Ismail
En Khairudin Ibrahim
Mr Lee Teck Leong
Ms Ng Mi Li
Assoc Prof Hjh Noraini Mohd
Nasir
Puan Putri Nor Suad Megat
Mohd Nor
Cik Radziah Abdul Latiff
Mr Raymond Cheong Chye Hin
Mr Sathiea Seelean Manickam
Mr Stephen Khoo Siong Kee
Mr Soon Teck Thong
Mr Yee Yoon Chong
Puan Zarina Zakaria
Mr Tan Chun Weng (retired w.e.f December 2003)
Cik Rohani Mohamed Nasir (retired w.e.f December 2003)
En Nazlan Ozizi Ibrahim (retired w.e.f September 2003)
Mr Chong Lin (retired w.e.f December 2003)
Dr Fatima Abd Hamid (retired w.e.f December 2003)
Assoc. Prof Margaret Boh (retired w.e.f December 20033)
Terms of Reference:
To undertake to review the financial statements (including directors' report, auditors' report and any statements made by members of MIA) which are prepared by or are the responsibility of members of the Institute for the purpose of determining compliance with statutory and other requirements, approved accounting standards and approved auditing standards, and generally accepted accounting principles and auditing standards and practices;
To draw the attention of the members responsible for the preparation or for reporting on the financial statements, to any areas in which the presentation or content appears to fall short of such compliance where the Committee is of the view that it justifies further action;
To refer to the Investigation Committee and/or other regulatory bodies for appropriate action where the Committee is of the view that deliberations arising from matters above justify further action;
To review financial statements referred to the Committee by the Investigation Committee of MIA and/or other regulatory bodies;
To highlight to the Accounting and Auditing Committee or other relevant Committees of the Institute, or other relevant bodies on issues of inconsistencies or uncertainties with respect to financial reporting; and
To provide guidance to members of the Institute on good financial reporting based on common findings during the review process.
No. of Meetings : 7
| Practice Review |
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Chairmen:
Y Bhg Dato' Nordin Baharuddin
En Abdul Rahim Abdul Hamid
Members:
En Abdul Halim Husin (appointed w.e.f. March 2004)
Mr S. A. Vanar
Mr Eric Ooi Lip Aun
Mr Chong Kee Hong
Mr David Siew Kah Toong
Ms Lim Siew Yong
Mr Loh Kok Leong (appointed w.e.f.
March 2004)
En Mohd Noor Abu Bakar
(retired w.e.f May 2004)
Terms of Reference:
To oversee and implement the Practice Review Programme, in accordance with the Statement on Practice Review ("the Statement") and supporting appendices which form part of the By-Law on Quality Assurance approved by the Council on 15 November 2002;
To determine other practices and procedures to be observed in relation to practice reviews, in addition to that set out in the Statement and supporting appendices;
To recommend the appointment of reviewers (in-house or external Panel of Reviewers) to the Registrar;
To issue instructions to reviewers on matters relating to practice review or a particular practice review;
To review the Practice Review Report submitted by the reviewers (in-house or otherwise) on the compliance with:-
All standards and statements of professional conduct and ethics in the form of the Institute's By-Laws (On Professional Conduct & Ethics) in issue from time to time, in so much as these ethical standards and statements relate to the conduct of audit engagements and/or that of the member firm;
All standards and statements of accounting in the form of the approved standards and pronouncements issued by the Malaysian Accounting Standards Board (MASB) from time to time in so far as significant departures therefrom may affect the true and fair view of the financial statements; and
All approved auditing standards, and guidelines and statements of best practices in issue from time to time. This will also include recommended practice guides (RPG), statements and circulars issued in relation to audit engagements and the practices of a member firm;
To make recommendation to the member firms regarding their application or observance of (or lack of) professional standards and/or, to issue instruction to the reviewers to conduct a further practice review where necessary on the member firms and/or to make an official complaints to the Investigation Committee if the situations warrant such actions to be taken.
Where a dispute is referred, after considering any submissions or representations made by the relevant firms and/or the relevant reviewer, the Practice Review Committee:-
Shall determine the dispute and communicate such determination to each of the parties to the dispute; and
May issue directions relating to the matter in dispute to such member firm or the reviewer concerned and require such member or reviewer to comply with them;
To do or perform any other thing or act as may be incidental to or which it considers necessary or expedient for the performance of its functions or exercise of its powers under the By-Law.
No. of Meetings : 11
| Task Forces |
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Anti-Money Laundering
Chairman:
Ms Gloria Goh Ewe Gim
Members:
Mr Lam Kee Soon
Ms Annie Look Kam Kiew
Mr Mak Kum Choon
En Mohd Faiz Azmi
En Nik Mohd Hasyudeen Yusoff
Mr Siew Chin Kiang
Terms of Reference:
To highlight to the relevant authorities or legislators, the existing onerous reporting responsibilities imposed on the accountancy profession in Malaysia with the aim of preventing further additions to such responsibilities;
In the event that the relevant legislative provisions in the Anti-Money Laundering Act 2001 are to be applied to the accountancy profession in Malaysia, to:
Liaise with Bank Negara on the issue of anti-money laundering and its implications on the accountancy profession, and on how the relevant anti-money laundering legislative provisions can best be implemented;
Identify and determine the short and medium-term strategies for the implementation of the relevant anti-money laundering legislative provisions in respect of the accountancy profession in Malaysia;
Identify the measures that need to be undertaken by the Institute to assist members in complying with the relevant anti-money laundering legislative provisions;
Report to the Council and to disseminate information to the members of the Institute in respect of the implementation of the relevant anti-money laundering legislative provisions.
No. of meetings : 8
Amendments to the Accountants Act, 1967
Chairman:
Datuk Dr Abdul Samad bin Hj Alias
Members:
En Abdul Rahim bin Abdul Hamid
Datuk Siti Maslamah Osman
Mr Albert Wong Mun Sum
Prof Dr Takiah bt Mohd Iskandar
Terms of Reference:
To review and identify provisions within the Accountants Act, 1967 that require amendments;
To identify national and international developments affecting the accountancy profession that require amendments to the Accountants Act, 1967;
To propose amendments to the Accountants Act, 1967 arising from national and international developments affecting the accountancy profession;
To liaise with the Accountant-General's office and/or Ministry of Finance on proposals for amendments to the Accountants Act, 1967.
No. of Meetings : 2
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Chairman:
Mr Raymond Liew Lee Leong
Members:
Y Bhg Dato'Nordin Baharuddin
En Muhammad b Ibrahim
Mr Lam Fu Wing
En Mohd Sarif Ibrahim
Terms of Reference:
To assist the Council in fulfilling the following oversight function on the Institute's activities:-
Establishing an environment in which controls can operate effectively;
Reviewing the maintenance of an effective accounting system and controls therein and thus obtaining prior warning of systems weaknesses;
Reviewing the Institute's accounting policies and reporting requirements;
Assessing the adequacy of management reporting;
Discussing the intended scope of the internal and external audit and satisfying itself that no unjustified restrictions have been imposed by management;
Reviewing the findings of the internal and external auditors;
Reviewing the financial statements and annual report prior to submission to the full Council; and
Reporting to the Council on its findings.
Authority:
The ACC has authority, within the scope of its responsibilities, to:
Seek any information it requires from employees of the Institute;
Have full and unlimited access to any information pertaining to the Institute;
Have direct communication channels with internal and external auditors and with management of the Institute;
Investigate any matters within its term of reference; and
Obtain resources including external resources to perform its duties.
Terms of Office:
Membership
The ACC comprise of 5 Council members, who are not members of the Executive Committee (EXCO) of the Institute;
The members should be independent of management;
The Chairman and the members of the ACC will be appointed by the Council from time to time;
Members will be appointed for a 2 year term of office.
Meetings
The ACC may invite such other person to its meetings, as it deems necessary.
The internal and external auditor shall be invited to make presentations to the ACC as appropriate.
Meetings shall be held not less than 3 times a year. Special meetings may be convened as required.
The proceedings of all meetings shall be minuted.
The secretary of the ACC will be the Manager or Head of Internal Audit Department , or such other person as appointed by the Council.
A quorum for any meeting will be 3 members.
No. of Meetings : 5
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