The Malaysian Institute of Accountants (MIA) received
delegates from the Financial Services Regulation
Coordinating Committee (FSRCC) of Nigeria on 27 June. The
entourage was received by the MIA Vice President, Abdul
Rahim Abdul Hamid, MIA Acting Chief Executive Officer, Ms Ho
Foong Moi and other key MIA personnel.
During the visit, key personnel from MIA Corporate &
International Affairs and Professional Standards and
Practices MIA shared and discussed in depth on relevant
matters and various challenges faced by MIA pertaining to
the implementation of the Malaysian Financial Reporting
Standards (which mirrors the IFRS) since Malaysia converged
on 1 January this year.
The FSRCC is an inter-agency body set up to deal with
matters of common interest and concern to the various
regulatory and supervisory authorities in the financial
services of Nigeria. Members of the study group comprised
officials from the Central Bank of Nigeria, the Insurance
Commission, the Nigeria Deposit Insurance, Ministry of
Finance and other regulatory bodies of Nigeria.
From the meeting, members of the FSRCC have expressed their
keenness to work closely with MIA in sharing knowledge and
resources concerning matters and issues relevant to IFRS
implementation.
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