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Weekly Digest
 
MIA WEEKLY UPDATES NO.243 - 25 APRIL 2018
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MIA Technical Updates
MALAYSIAN INSTITUTE OF ACCOUNTANTS
CIRCULARS & NOTICES
Giving you the latest in compliance and guidances for best practices
 
1. CIRCULAR NO. 37/2018: IESBA CONSULTS ON STRATEGY AND WORK PLAN, 2019-2023
 
MIA
MALAYSIAN INSTITUTE OF ACCOUNTANTS
THE INSTITUTE
Latest updates and happenings
 
1. MIA ACCELERATES EFFORTS TO INCREASE NUMBER OF PROFESSIONAL ACCOUNTANTS KNOWLEDGEABLE IN ISLAMIC FINANCE
  IP
 Photo from top-bottom: Insightful session - Tuan Haji Mustapha Hamat, (fifth from left), Adjunct Professor, Institute of Islamic Banking and Finance (IIiBF), IIUM posing with students and MIA officers;  Dato’ Mohd Fadzli Yusof, former CEO of Syarikat Takaful Malaysia Berhad (fifth from left) posing with students.

  In an MIA-led initiative to create a pool of accountants knowledgeable in Islamic finance, the second and third in a series of mini pupillage tutoring sessions were held on 11 April and 18 April  respectively. 

Helming the  mini pupilage tutoring session on  the ‘Establishment of Bank Islam Malaysia Berhad & Syarikat Takaful Malaysia Berhad’ was Tuan Haji Mustapha Hamat, Adjunct Professor, Institute of Islamic Banking and Finance (IIiBF), IIUM. 

Meanwhile, Dato’ Mohd Fadzli Yusof, former CEO of Syarikat Takaful Malaysia Berhad, on 18 April, presented a topic on Formulating the Regulatory & Market Framework of the Takaful Industry in Malaysia’, which discussed the fundamental concepts and spirit of Islamic Takaful and insights on the regulatory and market framework of Takaful in Malaysia.

Supported by the big audit firms and relevant stakeholders that include regulators and industry players, the programme will run until  July 2018.
   
2. A.I AND MACHINE LEARNING FOR TRANSFORMING SMEs : HOW ACCOUNTANTS CAN BECOME TRUSTED ADVISORS FOR THEIR CLIENTS 
  AI
Photo from top bottom - One for the album (L-R), Chairman of MIA Digital Economy Task Force Steven Chong; Head of Acquisitions/M&A of MyFinB Group Vivienne Chiang;  Chairman of MyFinB (M) Sdn Bhd. Datuk Dr Mohd Daud Bakar and MyFinB (M) Sdn Bhd, CEO M Nazri; For accountants to become trusted advisors to their clients, they need to be able to show they can deliver with superior expertise and forward thinking approach. This must be relevant to what SMEs and start-ups are going through now - in terms of how they are being valued, their fund raising plans and new instruments that are prevalent in a high tech environment.

 
In a knowledge-sharing initiative to help small and medium-sized enterprises (SMEs) harness the competitive advantages of artificial intelligence (AI) and machine learning, MIA held the complimentary talk ‘A.I. and Machine Learning for Transforming SMEs: How Accountants Can Become Trusted Advisors for their Clients’ on 17 April 2018.

CEO of MyFinB (M) Sdn Bhd, M Nazri shared with the 85 participants on how AI and machine learning can help SMEs make decision, analyse business strategies, restructure their business models, value their business, secure financing and derive other competitive advantages – ultimately helping to improve shareholders’ value.

In the panel session, Chairman of MIA Digital Economy Task Force Steven Chong, Chairman of MyFinB (M) Sdn Bhd. Datuk Dr Mohd Daud Bakar, Head of Acquisitions/M&A of MyFinB Group Vivienne Chiang, among others, discussed change of mindset due to technology disruption and funding to adopt technology for SMEs & SMPs. 
   
3. ACCOUNTANTS TODAY MARCH-APRIL 2018 
  The latest edition of Accountants Today magazine is now available on MIA's website! In this issue we look at the future of financial reporting. Get the latest edition HERE
  1-AT March-April 2018 edition
   
4.  MALAYSIA GST COMPLIANCE ASSURANCE PROGRAMME (MyGCAP)
  My
Photo from top-left (clockwise): Dato' Sri Subromaniam Tholasy, Director-General of Customs Malaysia delivering his keynote address;  Dato' Sri Subromaniam : MyGCAP is to promote voluntary compliance. It is expected to be the gamechanger in compliance where GST is concerned; Mr.Chin Hon Hin, Deputy Director Customs presenting a topic on the role of MyGCAP reviewers; among participants and speakers. 

  In support of Customs Malaysia’ efforts to boost voluntary GST compliance via the Malaysia GST Compliance Assurance Programme (MyGCAP), MIA organised the MyGCAP Reviewer Course from 20 until 22 April 2018. The programme was attended by about 180 participants.

Dato' Sri Subromaniam Tholasy, Director-General of Customs Malaysia in his opening address, said, "MyGCAP is to promote voluntary compliance. It is expected to be the gamechanger in compliance where GST is concerned."

Launched in January 2018, MyGCAP is aimed at encouraging businesses to better manage GST risks and improve compliance within an effective and robust GST control framework on a voluntary basis.

The three-day course is conducted by 16 speakers including Dato' Hj Muhammad Redzuan Abdullah, MIA Executive Director of Surveillance & Enforcement.
   
5. MIA and Social Media
  Did you know that MIA has a presence on various social media platforms?  Stay connected and follow us on:
   smicon smfb twitter
 
 
MALAYSIAN INSTITUTE OF ACCOUNTANTS
MEMBERSHIP SERVICES
Facilitating members needs
 
1. MIA MEMBERS SATISFACTION SURVEY 2018
 
  Congratulations to En Mohd Farid Awang (CA 35279)!  En Farid is our 1000th respondent of the MIA Member Satisfaction Survey 2018.

We hope En Farid will enjoy his 3 days 2 nights Stay at a Deluxe Room with breakfast for two persons at  Hotel Jen Penang.

Have you completed the survey?  Click HERE to do the survey. You may be our next winner.

The MIA Member Satisfaction Survey is your opportunity to let MIA know your experience with, and expectations of the Institute.

Every 500th respondent will receive a Mystery Gift worth more than RM500. Each completed response will be entered into a Lucky Draw for the main prize which is an iPhone 8 or Samsung Note 8. 
To be eligible for the Mystery Gifts and the main prize you must –
 
  • Be a member of the Institute when completing the survey; 
  • Complete all sections; 
  • Include your name and membership number for purposes of delivery;
  • Respond only once as one member is entitled to only one Mystery Gift. Mystery Gift recipients will also be eligible to participate in the Lucky Draw;
  • Ensure that your communication details with the Institute is updated as the Mystery Gift will be sent to your correspondence address as per the Institute’s records; and 
  • Complete and send your response by 12 noon, Thursday, 31 May 2018
  Please note that the decision of the Institute in awarding the Mystery Gifts and the Lucky Draw Gift to a member/s is final.

Many thanks for your views and time.  Your voice matters!
   
2. MEMBERSHIP PRIVILEGES & ENTITLEMENT
  Feel the exhilaration with performance and power with a special corporate deal for MIA members! Enjoy an exclusive 10% discount for Volvo S90 models and 6% for all other Volvo models. Members are required to present the MIA e-Card to Volvo to enjoy the benefits. 
 
 
3. PUBLICATIONS FOR SALE
  Do not miss the opportunity to get latest and updated books on accounting, taxation, GST, human resource etc. at a great price!
 
  For further information, please contact En.Fairi (ext. 190) at 03-2722 9000, or email to rsc@mia.org.my.
   
4. ASEAN CHARTERED PROFESSIONAL ACCOUNTANTS (ACPA)
 
 
  Stay Connected

To receive the latest happenings in the Institute, please update your profile via 'My Account' or email to us at membershipupdate@mia.org.my 

Like us on Facebook/MIA Membership Services.
   
 
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MALAYSIAN INSTITUTE OF ACCOUNTANTS
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MALAYSIAN INSTITUTE OF ACCOUNTANTS
AccountingJobs@my
Expanding linkages, career opportunities & business values
The following are latest job listing available at AccountingJobs@my portal:
 
DATE COMPANY NAME POSITION LOCATION
24/4/2018 THENESH, RENGA & ASSOCIATES EXECUTIVE (TRANSFER PRICING) PETALING JAYA , SELANGOR DARUL EHSAN 
23/4/2018 CY LOH & CO. AUDIT CUM TAX ASSISTANT KUALA LUMPUR, WILAYAH PERSEKUTUAN
19/4/2018 TEO & COMPANY AUDIT ASSISTANT KUCHING, SARAWAK
12/4/2018 SE LAI CK AUDIT ASSOCIATE AND AUDIT SENIOR JOHOR BAHRU, JOHOR DARUL TAKZIM
10/4/2018 TRX CITY SDN BHD SENIOR VICE PRESIDENT KUALA LUMPUR, WILAYAH PERSEKUTUAN
10/4/2018 TRX CITY SDN BHD SENIOR ASSOCIATE KUALA LUMPUR, WILAYAH PERSEKUTUAN
10/4/2018 TRX CITY SDN BHD FINANCE MANAGER KUALA LUMPUR, WILAYAH PERSEKUTUAN
29/3/2018 SY CHUA & ASSOCIATES ACCOUNT CUM ADMIN ASSISTANT SETAPAK, KUALA LUMPUR, WILAYAH PERSEKUTUAN
29/3/2018 AERON LEE & CO AUDIT SUPERVISOR JOHOR BAHRU, JOHOR DARUL TAKZIM
29/3/2018 SY CHUA & ASSOCIATES AUDIT JUNIOR SETAPAK, KUALA LUMPUR, WILAYAH PERSEKUTUAN
29/3/2018 SY CHUA & ASSOCIATES AUDIT MANAGER/SEMI-SENIOR SETAPAK, KUALA LUMPUR, WILAYAH PERSEKUTUAN
 
For further enquiries please contact Pn. Iyliana or En. Fairi at 03-2722 9000 ext 287 / 190 or email to accountingjobs@mia.org.my
 
To find out more about the jobs and to apply, please logon to http://accountingjobs.mia.org.my/