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.....


MLTIC works with BERNAMA, the national news agency of Malaysia, to bring you the latest Malaysian legal and tax developments. BERNAMA is one of the country's leading content providers of up-to-the-minute news reports, updates and analysis for newspapers, tv and radio stations, global wire services and the Internet. It provides several services including news-wire and online database services. MLTIC thanks BERNAMA for supporting the Free Access to Law movement in Malaysia.

Notice: The Publishers of MLTIC acknowledge the permission granted by the relevant official/original source for the reproduction of the above/attached materials. You shall not reproduce the above/attached materials in whole or in part without the prior written consent of the Publishers and/or the original/official source. Neither the Publishers nor the official/original source will be liable for any loss, injury, claim, liability, or damage caused directly, indirectly or incidentally to errors in or omissions from the above/attached materials. The Publishers and the official/original source also disclaim and exclude all liabilities in respect of anything done or omitted to be done in reliance upon the whole or any part of the above/attached materials. The access to, and the use of, MLTIC and contents herein are subject to the Terms of Use.