New Regulatory Body for CFOs to improve Checks and Balances: MIA
26 December 2016 | Source: Bernama
KUALA LUMPUR, Dec 26 (Bernama) -- A new proposal is currently being considered whereby Chief Financial Officers (CFOs) in Malaysia's public interest entities will need to register with a proposed new regulatory body to further improve the sector's professionalism.

Malaysian Institute of Accountants (MIA) President Datuk Mohammad Faiz Azmi said the new regulatory body (NRB), which is proposed to be set up by the Committee to Strengthen the Accountancy Profession (CSAP), will help monitor the CFOs and recommend appropriate improvements as and when needed.

The establishment of the NRB is part of the 15 recommendations in the report on Strengthening of the Accountancy Profession in Malaysia prepared by the CSAP.....

Bernama

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