Reference Materials

	Circular
	Circular 16/2007 (dated 26 June 2007) - Lodgement of Financial Statements with Suruhanjaya Syarikat Malaysia (SSM) This circular reminds members of following matters: 1. The inspection of the books and registers by SSM in respect of any document filed or lodged with SSM 2. Section 12 of the Companies Act, 1965 on enforcement of duty to make returns in relation to Section 11(8) of the Companies Act, 1965 3. Requirement on consent to act as auditor and professional clearance 4. Auditors' report be made on the audit firm's letterhead Click here to view Circular 16/2007.
	Guidance on Financial Reporting in The Global Financial Crisis MIA has launched a set of guidance titled “Facing the Global Financial Crisis” to assist preparers, members of the board, audit committees as well as the auditors in carrying out their respective roles in the financial reporting process. There are three guidance documents for the preparation of upcoming financial reports i.e. for preparers, for audit committees and for auditors. The key ‘Questions to Ask’ section in the guidance seeks to help these three groups to execute their respective roles effectively. These guidance have been uploaded into our website and is available at www.mia.org.my/frguide
	Articles on Common Financial Reporting Issues The Financial Statements Review Committee (FSRC) of the Institute is entrusted with the responsibility to review the financial statements, directors’ report and auditor’s report for the purpose of determining compliance with statutory and other requirements, approved accounting standards and approved auditing standards in Malaysia. From the reviews conducted by the FSRC from July 2008 to June 2009, various common financial reporting issues have been compiled, and shared through two articles published in the Accountants Today November 2009 and December 2009 Issues, which can be downloaded from the link below: 1. Lessons from Deficient Disclosures 2. Financial Reporting: Concerned over Going Concern