Legislation

Questions involving knowledge of legislation will be based on Malaysian legislation and candidates are expected to have knowledge of any current changes in legislation.  However no questions on new legislation will be set until at least six (6) months have elapsed since the last day of the month in which Royal Assent was given to the new legislation.

Technical Pronouncements

Candidates are expected to have a detailed knowledge of and capable of answering questions in respect of the approved accounting standards, approved auditing standards, generally accepted accounting principles, generally accepted auditing standards, exposure drafts, regulations and legislation relating to financial accounting, reporting and auditing.

Questions involving knowledge of new approved accounting standards, approved auditing standards and exposure drafts will not be set until at least 6 months have elapsed since the last day of the month in which the statement became effective or was published.

Statements issued by the Council of the MIA relating to accounting are to be regarded as opinions on best current practice and thus form part of generally accepted accounting principles (GAAP).

International Auditing Practice Statements (IAPS) approved and issued by MIA are to provide practical assistance to auditors in implementing the standards or to promote good practice. These Statements are not intended to have the authority of Standards.
 
Statements issued by the Council of the MIA relating to auditing are to be regarded as opinions on best current practice and thus form part of generally accepted auditing standards (GAAS).