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TITLE: Amendments to the By-Laws (On Professional Ethics, Conduct and Practice) of Malaysian Institute of Accountants

DATE: 08/08/2018

8 August 2018
Circular No. 65/2018

TO ALL MEMBERS

AMENDMENTS TO THE BY-LAWS (ON PROFESSIONAL ETHICS, CONDUCT AND PRACTICE) OF MALAYSIAN INSTITUTE OF ACCOUNTANTS

The Council of the Institute has on 26 July 2018 approved the amendments to Section 430 Public Practice Programme of the MIA By-Laws (On Professional Ethics, Conduct and Practice).

The amendments in Section 430 outline the following new and revised requirements with regards to the Public Practice Programme’s Certificate:

1. The validity of the Certificate shall only be valid for 2 years from the date of attendance for the purpose of applying the practising certificate.
2. The valid Certificate shall be submitted prior to:
 
(i) Submission for application of audit licence (first-time application only);
(ii) Setting up a non-audit practice or joining an existing non-audit firm as a partner; or
(iii) Participation as a director in limited or unlimited company which offers public practice services.
3. In the event that the Certificate is no longer valid after obtaining approval for the application of audit licence, the member would be required to re-attend the Programme within six (6) months after setting up an audit practice or joining an existing audit firm as a partner.

The amendments to Section 430 will take effect on 1 January 2019.

The above-mentioned amendments to the MIA By-Laws have been uploaded to the Institute’s website. Members can download a copy at www.mia.org.my.

Please be guided accordingly.

Yours faithfully
MALAYSIAN INSTITUTE OF ACCOUNTANTS

DR. NURMAZILAH DATO' MAHZAN
Chief Executive Officer

Description: By-laws (Revised Jan 2011) updated as at 1 Aug 2018
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