we HRS Aer : Woes SIDC Capital Market Graduate Training Programme 3) October 2003 Module 3: Intermediaries of the Malesia Copal Market 6 SESSION 11 ACCOUNTANCY AND AUDITING IN THE CAPITAL MARKET C Johnny Yong Malaysian Institute of Accountants (MIA) 620 pin Tetrareus Gio 6BJOHNNY YONG. Mr. Johnny Yong has over 10 years of experience in public practice and the commerce & industry. He is currently attached to the Technical Division of the Malaysian Institute of Accountants (MIA) providing technical support to over 1,000 accounting firms all over the country. He is at present, the secretary to the Institute's Public Practice Committee. Johnny is a regular speaker for the Institute especially in the area of professional ethics and practice development, Apart from his attachment with the Institute, he also sits in the working group for the Malaysian Accounting Standard Boards (MASB) and the Investigation Tribunal for the Bar Council 2002/ 2004, Prior to his transfer to the Technical Division, he was heading the MIA's Practice Review Division. He is a member of MIA as well as the Malaysian Institute of Certified Public Accountants (MICPA) and he also holds a post graduate degree in European Business Study from the University of Thompson of France.Malaysian Accountancy Profession & MIA & Technical Pronouncements INTRODUCTION INTO THE ACCOUNTANT’S WORLD THE HISTORY OF ACCOUNTANCY PROFESSION IN Pea ae ACAINBEKS “ene se 4 vivo a uK MALAYA ran sere! oe The Accoutas ‘Act vasa: BC NCEA, Covet cen — os AlMalaysian Accountancy Profession & MIA & Technical Pronouncements ACCOUNTANTS ACT, 1967 - Technical Definitions- Sections 22 and 23 of the Act require a person residing in Malaysia to be registered with the Malaysian Institute of Accountants (MIA) if he: (1) Practises or holds himself out as a chartered accountant, licensed accountant, auditor, tax consultant, tax adviser or any other term of like description; (2) Adopts, uses or exhibits the above mentioned terms or any other term of like description; or ACCOUNTANTS ACT, 1967 (Technical Definitions) - Cont’d Sections 22 and 23 of the Act require a person residing in Malaysia to be registered with the MIA if he: (3) Adopts, uses or exhibits the term “accountant” or any term of like description in such circumstances as to indicate or lead people to infer that he is a chartered accountant, licensed accountant or that he is qualified by any written law to practise the profession of or is in practise as a chartered accountant. A2‘Malaysian Accountancy Profession & MIA & Technical Pronouncements SECTORS OF MEMBERS (MIA & MICPA) fees eee eee ICTR 4 Public Practice | Public Sector Lo ee Ey Commerce | & Industry | | | Academia | MIA MEMBERSHIP 19,188 (as at 11 August 2003 ) A3Malaysian Accountancy Profession & MIA & Technical Pronouncements GEOGRAPHIC DISTRIBUTION OF MIA MEMBERSHIP (as at 24 January 2003) CA LA AM CA LA AM JOHORE 9S 4 PERLIS wes KEDAH 299 1 7 PENANG 1284 33 KELANTAN 9S ~~ SABAH SB. LABUAN 48 - = SARAWAK ms MALACCA. 264-1 SELANGOR 60 7 5 NEGERISEMBILAN 2531 1 TERENGGANU Ww 3 PAHANG 190-2 FEDERALTERRITORY 5,195 7 1 PERAK 5% 5 - OVERSEAS m4 CA. Chartered Accountant, LA - Licensed Accountant . AM - Astociate Member (WW@ Cour Gand VAC —wre Kuamse, ladk se nen (2), ‘oe: Public Acountants and Registered Accountants have been srouped together at Charteced Accountant effective 26 lune 2001 eee aaa (a tte MIA IS A STATUTORY BODY Established under the ACCOUNTANTS ACT, 1967 Under the Ministry of Finance For more information go to: Www. mia.org.my Email : mia@mia.org.my A4