EXAM SCHEME

& Reading Lists

MALAYSIA VARIANTS

Foundation, Professional 1 and Professional 2 Syllabuses

2010

Contents Page

Page Numbers
1. Notes and requirements in respect of the exams

2-4 2 2 2 3 3 5-6 5 5 6 7 8-36 12-17

Entry to Exams and Exemptions Constitutional and Ethical Compliance Requirements Progression New Legislation Appeals Procedure
2. Exam Structure

Foundation Professional 1 Professional 2

3. 4. Inter-relationship of subjects Syllabuses and Reading Lists

Foundation Paper 5

Auditing and Taxation

Professional 1 Paper 8 Professional 2 Paper 15 Paper 16

Company Law

18-26

Islamic Accounting, Auditing and Banking Practice Taxation & Tax Planning

27-31 32-36

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1.

Notes and requirements in respect of the Exams

Entry to the Exams and Exemptions

The exams are held twice a year in May and November over four days: Monday, Tuesday, Wednesday and Thursday. There is one main exam session on each day, lasting three hours. The exams are held concurrently around the world and the local start time for each venue is listed in the timetable on the AIA website. Entry forms are sent to all registered students at least 3 months prior to the exam dates. Students also have the option of entering the exams via the AIA website. Exam entries must be submitted by 1 April for the May exams, and by 1 October for the November exams. Exam entries from students whose accounts are in arrears will not be accepted. An exam candidate must be a registered student. Whole or part exemption may be granted in respect of alternative qualifications attained up to 10 years prior to student registration, from the Foundation and Professional 1 level exams. No exemptions are allowed from the Professional 2 level exams.

Constitutional and Ethical Compliance Requirements

All students are required to comply with the Associations Articles, Byelaws, Regulations, and Code of Conduct and Professional Ethics. The AIA Code of Ethics fully complies with the IFAC Code of Ethics for Professional Accountants and the Association attaches great importance to the implementation and enforcement of the Code and observance of its internationally recognised ethical principles in all professional relationships. AIA provides open access to its Code of Ethics via its website www.aiaworldwide.com and expects students and members to fully comply with the standards stated therein. A declaration to this effect is a part of all AIA application forms and a reminder of the significance of this topic as a fundamental aspect of professional training and professional conduct is emphasised further within AIA promotional literature and student and member guidelines. In addition to the promotion of overall ethical compliance, AIA specifically examines a candidates understanding and application of professional ethics at each of the three levels of its syllabus. Candidates are reminded that even when professional ethics is not specified as an independent topic within a paper, AIA insists upon the recognition of, and adherence to, the standards outlined in the Code and as such the Code is implicit in and examinable throughout the syllabus.

Progression
From registering as a student, all exam papers within Modules A - F must be completed within a 10 year period.
Foundation and Professional 1 Levels

In the Foundation and Professional 1 Levels, all subjects in a module must be taken together at the first attempt. Candidates must actually attend all subjects at the first attempt. Being absent for one or more

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of the subjects will mean a candidate must take all of the subjects again. Individual passes in the Foundation exams will be credited but all three subjects in Module A must be passed before proceeding to Module B. Individual passes in the Professional Level 1 exams will be credited but all three subjects in Module C must be passed before proceeding to Module D.
Professional 2 Level

When entering the Professional Level 2 exams, students must enter at least any two papers from the final four exam papers: Paper 13 Financial Accounting 3, Paper 14 Financial Management, Paper 15 Professional Practice and Paper 16 Taxation & Tax Planning (including variant papers). Students can take more than two papers, up to a total of four papers. Any passes awarded will be retained. At the next consecutive exam students will be required to take at least any two exam papers which can include any previous failed paper(s). If only one exam paper remains outstanding the student will be required to take that paper at each subsequent exam session until a pass is achieved.

New Legislation
The Association will not set questions requiring detailed knowledge of new legislation until at least six calendar months after the last day of the month which the legislation received Royal Assent. However, candidates should be prepared to answer questions requiring knowledge of the principal aspects of that legislation at exams held within that period. Similar arrangements apply to accounting and auditing standards, guidelines and recommendations.

Appeals Procedure
The AIA as part of the Quality Assurance procedures, places a high emphasis on ensuring the exam scripts are marked to the highest standard; that each question is marked and the total marks awarded are recorded on the front cover of each exam script for review. Any scripts showing a marginal fail are automatically reviewed by the Examiner as part of the marking process and re-marked by a second marker as part of the Quality Assurance Procedures.
Making an Initial Enquiry

If you have received your exam result(s) and a fail has been awarded which you would like to query, AIA is pleased to provide information on the Quality Assurance Procedures conducted in the marking of your exam script(s) and to undertake an administrative check of the marks. You can e-mail the Senior Examinations Executive on: exams@aiaworldwide.com for details. If subsequently, you wish to proceed to making an appeal, then follow the instructions below.
Instructions on making an Appeal

It is appreciated that some students may wish to appeal against the marks awarded when a fail is recorded, therefore students should submit a letter of appeal in line with the following procedure: The letter of appeal should outline why the appeal is felt to be appropriate. The letter should be received at Head Office within six weeks of the date the exam results were released. The letter must state which paper the appeal is for and on what grounds it is felt to be appropriate. Appeals

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received after this period cannot be accepted. In receiving the letter of appeal the Exam department will note the date the letter is received at Head Office, not the date it is posted. A fee of 50 must be paid with the letter of appeal. The fee can be paid as a sterling draft or by credit card. An appeal cannot be accepted unless the fee is paid. If you wish to appeal against the fail mark awarded for more than one exam paper, then the appeal fee is per paper. This means for example, if you wish to have your exam scripts re-marked for Paper 15 Professional Practice and Paper 16 Taxation and Tax Planning, then the appeal fee is 100.

How the AIA deals with your appeal

Upon receipt of your appeal the exams team will confirm by letter (as an e-mail or by post) that your appeal has been received. The Senior Examinations Executive then undertakes an administrative check of the exam script prior to submitting the script for re-marking by an independent marker. You will be notified of the outcome of your appeal by letter within four weeks from the receipt of the appeal letter and fee. The outcome of an appeal may be a confirmation of the original decision or an overturning of this decision which may, in turn, lead to the awarding of a pass grade. You will be advised if the re-marked exam script(s) are awarded a pass or a fail, with feedback on your performance. Appellants do not have the right to view the exam script. If you are awarded a pass then the appeal fee will be refunded. If you are dissatisfied with the appeal process then as the appellant you can request an independent review. This request must be received by the exams section within two weeks of the date on your appeal results letter. Upon receipt of your letter confirming that you are dissatisfied with the appeal process, the script is sent to an independent reviewer (not an AIA examiner, moderator or employee) for review to ensure that the appeal process has been conducted appropriately. The independent review is not concerned with making judgements about candidates work in the exam; it is directly concerned with ensuring the appeal process has been conducted appropriately. As the appellant you will be notified of outcome of this review within two weeks of the request being received. If the independent reviewer judges that AIA has not complied with the appeal procedure, then the appeal fee will be refunded. Consideration of an appeal by the independent reviewer concludes the AIAs appeal procedure.

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2.

Exam Structure

Educational Objectives of the AIA Programme

The exams are maintained at degree standard, up-to-date and in compliance with the requirements of the Companies Act 2006 and the prescribed subjects defined in The Statutory Auditors (Examinations) Instrument 2008, through annual internal review and ongoing external academic moderation. The exams comprise sixteen three hour papers arranged in two modules at each of the three stages: Foundation, Professional 1 and Professional 2. At the Foundation Level there are six papers covering eight core topics which provide essential underpinning for the study of accounting within an organisational context. The requirement of this level is to ensure that candidates have a practical understanding of the techniques, principles and knowledge which will form the basis for further study of accounting. Success at this level also demonstrates an ability of candidates to apply their knowledge in the workplace in controlled, supervised and routine situations. The Professional Level 1 stage is characterised by developing the range and depth of professional accounting studies. Significant technical development of professional knowledge and skills are acquired at this stage; but this is now set within an increasingly analytical and critical framework, and a less certain environment; as evidenced by an increasing trend for exam questions to be case study/scenario based. Professional Level 1 tests and examines the technical skills promoting a platform for further development at Professional 2. Professional ability is the key to Professional Level 2. Current professional issues and an ability to deal with professionally complex and demanding situations are developed. This is set within a framework testing application and evaluative skills in an uncertain environment. For the Recognised Professional Qualification RPQ (Company Auditor Qualification) students must advise the Association if they are interested in this route by completing the appropriate section on the student registration form or subsequently by contacting Membership Services. A candidate must complete the exams including UK company law and taxation papers. Exemptions will be considered for appropriate qualifications attained 5 years prior to student registration; at the Foundation level and restricted at the Professional 1 level to comply with the provisions of the Companies Act 2006.

Foundation Level
Module A Module B

1 2 3

Financial Accounting 1 Business Economics Management Accounting 1

4 5 6

Law Auditing and Taxation Information Processing

Professional Level 1
Module C Module D

7 8 9

Auditing Company Law Management Information

10 11 12

Business Management Financial Accounting 2 Management Accounting 2

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Professional Level 2
Module E Module F

13 14

Financial Accounting 3 Financial Management

15 16

Professional Practice (Auditing) Taxation and Tax Planning

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3.

Inter-relationships of subjects

Subject Themes developed within the AIA Programme

There are several core areas of subject expertise systematically developed within the Associations curriculum. The intended outcome of these various core areas is the development of a professional accountant with an appropriate range of technical, intellectual, personal and business skills, an ability to apply these skills in a business/enterprise context and an awareness of the need to maintain and exemplify professional and ethical standards. Professional accounting practice is the major theme. This is developed through the study of financial accounting and auditing in all three levels, and the study of taxation in the first and final level. The study of law, essential for professional practice, is also included within this major theme and is examined at two stages. A professional accountants contribution to business operations is developed through the study of management accounting and financial management. These subjects are successively studied in the three levels of the Associations exams. This strand of the qualification curriculum is supported by the study of business economics, business management and quantitative methods. An ability to recognise and apply the potential of communication and information technologies makes an essential contribution to the work of the professional accountant, whether in professional practice or in a business accounting function. This subject is introduced and developed at two levels within the curriculum. The linking together of the various subjects is shown below in diagrammatic form.
Foundation Level
1 Financial Accounting 1 2 Business Economics 3 Management Accounting 1 6 Information Processing 4 Law 5 Auditing & Taxation

Professional 1
11 Financial Accounting 2 10 Business Management 12 Management Accounting 2 9 Management Information 8 Company Law 7 Auditing

Professional 2
13 Financial Accounting 3 14 Financial Management 15 Professional Practice (Auditing) 16 Taxation & Tax Planning

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4.

Syllabus & Reading Lists

Syllabuses
The syllabuses set out on the following pages are as detailed as is practical but may include matters reasonably construed as implied or incidental. Candidates are reminded that questions in any paper in Professional 1 or Professional 2 may assume knowledge of the subject matter of other papers in that or earlier parts of the syllabus. The syllabus content of each subject is reviewed regularly and any changes made will be included in future editions of this handbook. Care should be taken to ensure that the current edition of the syllabus is used by regularly viewing the Associations website. The syllabuses are planned to take account of the attainment of theoretical knowledge and thereafter to progressively test the application of this knowledge in practical situations.

Reading Lists
The reading lists are indicative, those marked Essential being considered to represent the minimum reading necessary. In all cases the latest editions should be used. No undertaking is given that all topics are adequately covered by the textbooks listed. For this reason candidates should read widely and keep abreast of changes in law and practice, modern thinking, developments, etc by reading the publications of the Association and others relating to the accountancy profession, industry and commerce. Candidates must use the latest editions of the textbooks listed, ensuring that these deal with current law and practice.

Examinable Standards
All extant International Standards on Auditing, International Standards on Quality Control, International Financial Reporting Standards /International Accounting Standards are examinable, subject to the six months rule (refer to New Legislation).
International Accounting Standards (IASs) and International Financial Reporting Standards (IFRSs)

In Paper 1 Financial Accounting 1 candidates are required to have studied a limited number of IASs and IFRSs, however in Paper 11 Financial Accounting 2 the bulk of IASs and IFRSs are examinable. There are still some exclusions and these will be covered in Paper 13 Financial Accounting 3. Those studied for in Paper 1 are noted, as are those which are examinable in papers 5, 7, 11, 13 and 15. Note: Paper 15

refers to Paper 15 Professional Practice.

A list of currently examinable IASs and IFRSs is given below. International Accountings Standards (IASs) No Title 1 Presentation of Financial Statements 2 Inventories 7 Statements of Cash Flows 8 Accounting Policies, Changes in Accounting Estimates and Errors 10 Events After the Reporting Period Examinable in Paper 5 7 11 13

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11 12 16 17 18 19 20 21 23 24 27 28 29 31 32 33 34 36 37 38 39 40 41

Construction Contracts Income Taxes Property, Plant and Equipment Leases Revenue Employee Benefits Accounting for Governments Grants and Disclosure of Government Assistance The Effects of Changes in Foreign Exchange Rates Borrowing Costs Related Party Disclosures Consolidated and Separate Financial Statements Investment in Associates Financial Reporting in Hyperinflationary Economies Interests in Joint Ventures Financial Instruments: Presentation Earnings per Share Interim Financial Reporting Impairment of Assets Provisions, Contingent Liabilities and Contingent Assets Intangible Assets Financial Instruments: Recognition and Measurement Investment Property Agriculture

Note: Free website providing comprehensive information about IFRS: www.iasplus.com International Financial Reporting Standards (IFRS) Examinable in Paper 1 11 13 15 No Title 1 First time Adoption of International Financial Reporting Standards 2 Share-based Payment 3 Business Combinations 4 Insurance Contracts 5 Non-current Assets Held for Sale and Discontinued Operations 6 Exploration for and evaluation of Mineral Resources 7 Financial Instruments: Disclosures 8 Operating Segments Exposure drafts, discussion papers and IFRICs are not examinable at Paper 1 and Paper 11. These are examinable in Paper 13 but only an understanding of their basic principles is required.

International Standards on Auditing (ISAs) and International Standards on Quality Control (ISQCs)

The following lists of standards were produced as a guide to candidates for the November 2009 and both 2010 exam sessions. Candidates preparing for the November 2009 and May 2010 papers will not be penalised if they refer to the later versions of ISAs in their answers and so they will not be disadvantaged if they download the 2009 version of the Handbook of International Auditing, Assurance, and Ethics Pronouncements, which contains the latest versions of the standards.

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A list of currently examinable ISAs and ISQCs is stated in the table. Note for Paper 5 Auditing & Taxation, the standard refers to Auditing Section A. Candidates can download the Handbook of International Auditing, and Ethics Pronouncements, which is available free of charge as a PDF file from the IFAC website: www.ifac.org, then click on standard setting bodies, then IAASB.

No

International Standards on Auditing (ISAs) Title

Examinable in Paper 5 7 15

AUDITS OF HISTORICAL FINANCIAL INFORMATION 200-299 GENERAL PRINCIPLES AND RESPONSIBILITIES 200 210 220 230 240 250 260 265 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with International Standards on Auditing Agreeing the Terms of Audit Engagements Quality Control for an Audit of Financial Statements Audit Documentation The Auditor's Responsibilities Relating to Fraud in an Audit of Financial Statements Consideration of Laws and Regulations in an Audit of Financial Statements Communication with Those Charged with Governance Communicating Deficiencies in Internal Control to Those Charged with Governance and Management Examinable Papers 5 300-499 RISK ASSESSMENT AND RESPONSE TO ASSESSED RISKS 300 315 Planning an Audit of Financial Statements Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment 7 15

320 Materiality in Planning and Performing an Audit 330 The Auditors Responses to Assessed Risks 402 Audit Considerations Relating to an Entity Using a Service Organization 450 Evaluation of Misstatements Identified during the Audit 500-599 AUDIT EVIDENCE 500 501 505 510 520 530 540 550 560 570 Audit Evidence Audit EvidenceSpecific Considerations for Selected Items External Confirmations Initial Audit EngagementsOpening Balances Analytical Procedures Audit Sampling Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures Related Parties Subsequent Events Going Concern

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580 Written Representations 600-699 USING WORK OF OTHERS 600 Special ConsiderationsAudits of Group Financial Statements (Including the Work of Component Auditors)

610 Using the Work of Internal Auditors 620 Using the Work of an Auditors Expert 700-799 AUDIT CONCLUSIONS AND REPORTING 700 705 706 710 720 Forming an Opinion and Reporting on Financial Statements Modifications to the Opinion in the Independent Auditors Report Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditors Report Comparative InformationCorresponding Figures and Comparative Financial Statements The Auditors Responsibilities Relating to Other Information in Documents Containing Audited Financial Statements

800-899 SPECIALIZED AREAS 800 Special ConsiderationsAudits of Financial Statements Prepared in Accordance with Special Purpose Frameworks 805 810 Special ConsiderationsAudits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement Engagements to Report on Summary Financial Statements Examinable in Paper 5 7 15

INTERNATIONAL STANDARDS ON QUALITY CONTROL (ISQCs) NO 1 Title Quality Controls for Firms that Perform Audits and Reviews of Financial Statements, and Other Assurance and Related Services Engagements.

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Malaysia Variants

Paper 5.
Aims

Auditing and TaxationMalaysia Variant

To examine the candidates knowledge and understanding of the basic principles of these two highly specialised areas of professional practice.

Learning Outcomes
Auditing

After successfully completing this section candidates should be able to: understand the nature and purpose of auditing describe the qualities, qualifications and actions to be carried out relating to the appointment and removal of an auditor describe the rights, duties and professional obligations of an auditor explain the process of planning an audit and the necessity for an appropriate audit programme taking into account audit evidence and audit risk explain the systems approach and the balance between tests of controls and substantive testing describe the audit evidence required in specified situations describe the audit work required at the final review and report stage of an audit
Taxation
Fig. 5 Inter-relationship of papers

5 Auditing & Taxation (Malaysia)

7 Auditing

16 Taxation & Tax Planning (Malaysia)

After successfully completing this section candidates should be able to: explain the elementary aspects of Malaysian taxation demonstrate an understanding of tax principles and concepts compute tax liability of individuals and corporations describe the administrative aspects under the Income Tax Act

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Malaysia Variants

Structure of the Paper

A three hour paper consisting of two sections, one covering Auditing and the other Taxation.
Section A Auditing

Candidates are required to answer one compulsory case study type question which carries 20 marks and two questions, each carrying 15 marks.
Section B Taxation

There are three compulsory questions on the three main syllabus areas of Employment Income, Business Income and Tax Computation. The allocation of marks is 20, 15 and 15. The question carrying 20 marks will focus on a comprehensive tax computation format. Fifty to seventy five per cent of the questions are essay based and twenty five to fifty per cent are computational. The total marks awarded to the paper are 100. Where appropriate the allocation of marks to individual parts of a question is stated.

Syllabus
Section A Auditing 5.1 Nature and Purpose
Topic Weighting 10%

Nature of auditing Objectives: true and fair view, materiality Private and statutory audits Scope of audit Impact of computers Standards and guidelines Advantages and expectations

5.2

The Auditor
Topic Weighting 10%

Qualities and qualifications Appointment: statutory provisions; professional matters: client screening, engagement letter, professional clearance Conduct Resignation Dismissal Rights and duties Professional ethics: integrity, objectivity and independence, confidentiality

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Malaysia Variants

5.3

Planning the Audit

Topic Weighting 10%

The risk-based approach Ascertaining and evaluating internal control Documenting the system: flow charts; internal control questionnaires Audit programmes: development of a work programme; Staff and training issues

5.4

Conducting the Audit

Topic Weighting 10%

Audit testing: tests of controls and substantive testing with particular reference to sales, purchases, wages and cash Audit evidence Verification and valuation of assets and liabilities Statistical sampling: an appreciation Audit files and working papers Quality control

5.5

Reporting
Topic Weighting 10%

Final review stage: procedures, going concern evaluation, management representations; subsequent events Nature and purpose of report Content: the standard external audit opinion Modified reports: the form of audit report modified reports; determining and evaluating circumstances where a qualification is necessary The following standards are examinable: International Accounting Standards (IAS) 1, 2, 7, 10, 16, 18, 37 and 38 International Standards on Auditing (ISA) All current ISAs except for ISA 402, 510, 540, 550, 600, 710, 720 and 800. In addition, IFACs Code of Ethics for Professional Accountants is also examinable. The AIA adopted IFACs Code of Ethics and these can be viewed on the AIA website. Candidates should note that the level of knowledge and understanding expected of these pronouncements will be higher for Paper 7 Auditing than Paper 5 Auditing & Taxation.

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Malaysia Variants

Section B - Taxation
The syllabus only covers provisions under the Income Tax Act 1967.

5.6

Basis of Taxation
Topic Weighting 5%

Scope of taxation Determination of resident status of individuals and companies Chargeable persons Classes of income Basis period

5.7

Employment Income
Topic Weighting 10%

Defining employment Derivation of employment income Types of employment income Basis periods Deductions Exemptions Computation of chargeable income

5.8

Business Income
Topic Weighting 10%

Business & Badges of Trade Commencement of business activity Gross income from business Basis periods Deductibility principles and tests Partnership computation Compute adjusted income

5.9

Non Business Income (other than employment)

Topic Weighting 5%

Taxation of dividends, interests, rent, royalties, pensions, annuities and periodical payments and other gains of a revenue nature Exemptions applicable to the above mentioned types of income Compute statutory income

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Malaysia Variants

5.10 Capital Allowances

Topic Weighting 5%

Computation of capital allowance of plant, machinery and industrial buildings Qualifying Expenditure Initial, annual and notional allowances Disposals

5.11 Tax Computation

Topic Weighting 10%

Determination of: Statutory income Aggregate income Total income Chargeable income Tax payable and refunds Separate and joint assessments

5.12 Tax Compliance & Administration

Topic Weighting 5%

Returns Assessments Appeals Payment and recovery of tax Offences and penalties

Relationship to Overall Syllabus

This syllabus provides the foundations of auditing and taxation which will be developed in further studies in Paper 7 Auditing, Paper 15 Professional Practice (Auditing) and Paper 16 Taxation and Tax Planning (Malaysia variant).

Ethics
Students are advised that the standards outlined in the IFAC code of Ethics for Professional Accountants are implicit in, and examinable throughout, the AIA syllabus. The Code can be accessed via the AIA website at www.aiaworldwide.com

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Malaysia Variants

Essential Reading - Auditing

You can purchase any of the books listed quickly and easily through the AIA website and Blackwells Online Bookshop, please visit the AIA recommended reading list webpage

Auditing 9th Edition

Author: Publisher: ISBN: Millichamp, A H, Taylor, J Cenage Learning 9781844809400

Supplementary Reading - Auditing

Auditing Today 6th Edition
Author: Publisher: ISBN: Woolf, E Prentice Education (US) 9780135894668

Free website providing comprehensive information about IFRS: www.iasplus.com

Essential Reading - Taxation

Malaysian Taxation
Author: Publisher: ISBN: Alan Yeo Miow Cheng PAAC 9289274486

Veerinder on Taxation
Author: Publisher: ISBN: Veerinderjeet Singh Arah Publications 978933718382 Volume 1 978933718399 Volume 2

Malaysian Taxation Principles & Practice 2009 15th Edition

Author: Publisher: Web Site: ISBN: Choong Kwai Fatt Info World www.kwaifatt.com 9789839526455

A Comprehensive Guide to Malaysian Taxation under Self-Assessment 3rd Edition

Author: ISBN: Jeyapalan Kasipillai 9833219721

Supplementary Reading - Taxation

Inland Revenue Web Site: http://www.hasil.org.my

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Malaysia Variants

Paper 8.
Aims

Company Law-Malaysia Variant

The main aim of Company Law (Malaysia) is to examine the candidates knowledge and understanding of the principles of Company Law and their application in Malaysia based on the available sources and authorities of Malaysian law such as the relevant local statutes and case law. The objective of the paper is to determine that students have: Comprehensive knowledge and understanding of the principles of Malaysian Company Law The ability to emulate the principles of Company Law in its practical sense; and The capability to apply relevant principles and procedure based on statutory provisions and judicial decisions of Company Law to practical scenarios The syllabus covers key areas of Company Law including:
Fig. 2 Inter-relationship of

Introduction to Company Law in Malaysia Incorporation The Capital Structures Management and Administration (control) Accounts and Audit Reconstruction and Arrangement Dissolution and Winding Up
4 Law 8 Company Law (Malaysia)

Learning Outcomes
After successfully completing this paper candidates should be able to: Explain and apply the principles of company law comprehensively and clearly, based on a sound knowledge and understanding of basic legal principles of Malaysian company law and practice Analyse practical scenarios and apply relevant legal principles and procedures Reach reasoned conclusions following the application of legal rules and procedures and critical in underlying arguments where necessary

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Malaysia Variants

Structure of the Paper

A three-hour paper consisting of eight questions, any five of which are to be attempted All questions carry equal marks Where appropriate the allocation of marks to individual parts of a question is stated Generally, the paper includes at least two essay type questions, the remaining questions being case studies Candidates are expected to support answers with references to statute and case law where appropriate.

Syllabus
Candidates are expected to be familiar with the existing Companies Act 1965 being enforced and how the statutory provisions are to be applied. Candidates must also be able to understand the importance of other legal authorities such as judicial precedents (based on case law, priority to cases decided in Malaysia) and the statutes (Acts of Parliament of Malaysia) in relation to Company law. Therefore, other than the Companies Act 1965 as the main statute of reference, as well as its subsidiary legislation namely the Companies Regulations 1966, and other statutes that relate to the public listed companies matters such as the Securities Industry Act 1983 and Securities Commissions Act 1993 must also be noted.

8.1

Introduction to Company Law

Topic Weighting 5%

This part of the syllabus covers: The sources of Company Law in Malaysia. This includes both written and unwritten laws. An example of written law is the statutes and in Malaysia is known as Acts of Parliament. On the other hand, case law is an example of unwritten law. Companies Act 1965 (Act 125) is an example of an Act of Parliament and shall be the basic reference for this paper. Candidates are also expected to understand the Companies Regulation 1966 the provisions therein complement the general provisions in the Companies Act 1965. From time to time, there will be reference to the English common law due to the Malaysian legal history and must be fully understood by the candidates the extent of its applicability in Malaysian cases and scenario. Candidates are advised to also note when the English law is not applied or where the differences are highlighted. The comparison between three business entities: company, sole-proprietorship and partnership The different types and classification of companies: e.g. - private and public companies - limited and unlimited companies - companies limited by shares compared to companies limited by guarantee

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Malaysia Variants

- related companies that covers the relationship between holdings and subsidiary companies - foreign companies (if they are to run their business in Malaysia) In this context, it is necessary to know the characteristics of each company. Since these companies are different, comparisons and distinctions between these business entities are generally focused on their advantages and disadvantages.

8.2

Incorporation
This part of the syllabus covers:

Registration and Formation of Companies

Topic Weighting 10%

Under this topic, candidates are expected to be able to understand the basic procedure to incorporate and register a company. Therefore, the candidates are expected to have sound knowledge of: The basic procedures and key documents relating to the formation and registration of a company (cross reference are to be made to the Companies Regulations 1966 in relation to the relevant forms to be applied) Relevant issues pertaining incorporation such as choice of companies names, reservation of name, share qualification and others. Candidates are also required to understand the reasons or rationale for those issues raised The functions, roles and liability of corporate promoters The meaning and effect of pre-incorporation contract based on Section 35 of the Companies Act 1965. Candidates must be aware that the position of pre-incorporation under the English common law is in total contrast compared to the position in Malaysia The effects of the ultra vires doctrine. Similarly, candidates must be able to grasp the difference of the concept of ultra vires in Malaysia compared to the position under the English common law The legal effects of incorporation based on Section 16(5) of the Companies Act 1965, and its relationship with the doctrine of separate legal personality from the case Salomon v A Salomon Co Ltd. [1897] AC 22. Candidates must also be able to understand the exceptions to the doctrine (also known as lifting of the corporate veil). Understanding the rules as illustrated in the cases as well as in the statutory provisions is crucial.

Memorandum and Articles of Association

Topic Weighting 10%

The significance of a companys Articles and Memorandum of Association

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Malaysia Variants

Registration of companys Articles and Memorandum of Association Adoption of Table A of the Fourth Schedule as provided by Section 30 The effects of Memorandum and Articles of Association based on Section 33(1) of the Companies Act 1965 The rules relating to the alteration of Memorandum and Articles (the basic principles, limitation and effects)

8.3

Capital Structure
This part of the syllabus covers:

General concept of company finance, share capital and loan capital

Topic Weighting 15%

It is important for candidates to have knowledge of company finance that relates to: the nature and sources of funding provided by investors (usually the shareholders) and creditors (usually the debenture holders) of the company In this regards, candidates are expected to understand what is meant by nominal capital, issued capital, authorized capital, unpaid capital and paid-up capital is necessary In respect of share capital, it is important that candidates know: the nature of share capital and its relationship to the definition and nature of shares, different classes of shares (in particular ordinary shares and preference shares), issuance and allotment of shares (and its relationship to membership in companies) Issues on ownership of shares, either by way of transfer or transmission of shares and the relevant documents related to effect of the transfer or transmission of shares The rules on maintenance of capital (as governed under Section 67(1) of the Companies Act 1965) and the exceptions to the rules as well as the ruling under Section 67A enabling share buy-back in Malaysia The meaning of reduction of share capital (in contrast to shares issued at a discount and acquiring companys own shares) The procedure in the payment of dividend to the shareholders, and the meaning of share certificate estoppel With regards to loan/debt capital, it covers: The power of a company to borrow Nature of debentures and rights of debenture holders

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Malaysia Variants

Charges- fixed and floating charge, meaning and definition Registration of charges and effect of registration under Section 108 Crystallization of charges (and its relation to the appointment of receivers and/or liquidators; and the companys state under receivership) and Priority of charges

Public Issuance of Shares and the Securities Industry

Topic Weighting 10%

Under this topic, it is necessary to understand: The meaning of prospectus and the liabilities attached thereto The different types of prospectus and the connection to the commencement of business that applies to public companies whether they are public listed or not General understanding of the listing requirements (KLSE Listing requirements) and what it means with regard to floatation in the KLSE as under the Securities Commission Act 1993 The meaning and nature of scripless trading and the enforcement of the Securities Industry (Central Depositories) Act, 1991 that enabled scripless trading to be exercised in Malaysia General understanding of the prohibited practice of insider trading (also known as insider dealing) as governed by the Capital Market and Services Act 2007 and the Securities industry Act 1983 (Note: these prohibited practices were governed by the Companies Act 1965; under 132A and 132B which were deleted by virtue of Clause 8 and 9 of the Companies (Amendment) Act 2007)

8.4

Management and Administration (Control)

This part of the syllabus covers:

Directors and other officers of a company

Topic Weighting 10%

The appointment, removal, qualification and/or disqualification, powers, duties and responsibilities of Directors, Company Secretary and Auditor The position of company Directors including their duties of care and skill and the fiduciary duties of directors based on both statutory provisions and relevant cases The position of the Auditors their duties, responsibilities and privileges The position of Company Secretary their duties and responsibilities

Meetings and Enforcement of Corporate Rights

Topic Weighting 10%

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Meeting

The different types of Meeting (Annual and Extra ordinary General Meeting AGM/EGM) and Statutory Meeting Convening of and procedure at Meeting (Quorum, Chairman, Minutes of Meeting, Notice of Meeting) The different types of resolution (Special and Ordinary resolution) and the significance of each resolution Votes show of hands and ballots Majority control rule and protection of minority shareholders

The Enforcement of Corporate Rights

Understanding the rule in Foss v Harbottle (the proper plaintiff rule) The exceptions to the rule Application of the rule in Malaysia Other types of actions that can be enforced by the shareholders/members

8.5

Accounts and Audit

Topic Weighting 10%

This part of the syllabus covers: The companys duties to keep accounting records and the nature of those records The duties of a companys director and auditors to ensure the requirements for the production of directors and auditors reports are issued The nature and requirements on the duty to lay financial reports (profits and loss accounts and balance sheet) before the members in general meeting Duties in relation to Financial Reporting - Financial records which must be sent to members, debenture holders and the Registrar of Companies Requirement for the Financial reports to be audited by auditors see Section 174 Rights of members to Financial reports and findings by the auditors

8.6

Reconstruction and Arrangement of Companies

Topic Weighting 10%

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This part of the syllabus covers: The different types of arrangement and reconstruction (takeover, merger, amalgamation) Status of company under receivership compared to dissolution of companies, role and position of company receiver The position of the parties affected (directors, shareholders, creditors etc) by the reconstruction or arrangement of companies The procedures that must be followed as provided in relevant statutory provisions, for example in take-over reference to Securities Commission Act 1993, or any other scheme of arrangements that may include the compulsory acquisition of minoritys shares as in Section 176 of the Companies Act 1965 The governing bodies related to this topic of reconstruction of companies include Securities Commission, Registrar of Companies, Foreign Investment Committee, and Ministry of Finance etc. Thus, knowledge on relevant statutes such as the Securities Commission Act 1993 would be an advantage The effects of scheme of arrangement on the creditors, shareholders and members of the company

8.7

Dissolution and Winding Up of Companies

Topic Weighting 10%

This part of the syllabus covers: The different types of dissolution (striking off from the register, winding up) The different types of winding up (compulsory and voluntary winding up, and what it means between members compared to creditors voluntary winding up) The basic procedures related to winding up which include the grounds for winding up The effects of commencement of winding up on the company, creditors, shareholders and employees of the company The duties and powers of the Liquidator and the order of payment of creditors.

Relationship to Overall Syllabus

The Company Law paper builds on knowledge acquired by candidates having successfully completed the Law module. Knowledge of the nature of the Malaysian legal system and of Contract law as well as law of Torts is an essential basis for candidates studying Company Law. Where necessary, the position of certain issues under the English common law must be clarified as to the extent of its application in Malaysia and the difference between the laws in England in the context of Malaysian law must be identified.

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The Legal Relationships section of the Law module introduces candidates to different types of business entity, allowing comparisons to be made between partnerships and companies and introducing the concept of limited liability. This section also covers the concept of agency, which is essential in understanding the nature of the role of company directors.

Ethics
Students are advised that the standards outlined in the IFAC code of Ethics for Professional Accountants are implicit in, and examinable throughout, the AIA syllabus. The Code can be accessed via the AIA website at www.aiaworldwide.com

Essential Reading
You can purchase any of the books listed quickly and easily through the AIA website and Blackwells Online Bookshop, please visit the AIA recommended reading list webpage

Commercial Application of Company Law in Malaysia (2002)

Author: Publisher: ISBN: Aiman Nariman Mohd. Sulaiman and Aishah Bidin CCH Asia Pte. Ltd. 981-04-6337-5
nd

Company Law - 2 Edition (1997) (reprints 2002)

Author: Publisher: ISBN: Woon, W C M FT Law & Tax Asia Pacific 9813069325

Supplementary Reading
Concise Principles of Company Law in Malaysia (2004)
Author: Publisher: ISBN: Shanty Rachagan, Janine Pascoe, Anil Joshi Malayan Law Journal, Kuala Lumpur 9679626377

Lipton & Herzberg's Understanding Company Law in Malaysia (1995)

Author: Publisher: ISBN: Arjunan, K; Low, C K LBC Information Services, Sydney 0455213518

Guide to Company Law in Malaysia & Singapore (1995)

Author: Publisher: ISBN: CCH Company Law Editors CCH Asia Limited 9810070217

Statutes
Companies Act, 1965 (Act 125)

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Malaysia Variants

Companies Regulation, 1966 Companies (Winding Up) Rules, 1972 Companies Commission of Malaysia Act 2001 (Act 614) Securities Industry Act, 1983 Securities Commission Act, 1993 Amendment to the Companies Act 1965 Candidates are advised to take note of any changes of the law as prescribed under any Amendment Acts that are issued and passed by the Parliament from time to time. Latest amendment: Companies (Amendment) Act 2007

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Paper15 Islamic Accounting, Auditing & Banking Practice (Professional 2)

Paper 15. Islamic Accounting, Auditing & Banking Practice

Aims
The aim of this paper is to ensure that candidates have a thorough understanding of: Contracts that govern the transactions undertaken by Islamic financial institutions; Statements and standards for Islamic financial institutions promulgated by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) Key financial management issues relating to Islamic banks. An ability to appropriately apply the above contracts and standards in practice.
Fig. 3 Inter-relationship of papers 15 Islamic Accounting, Auditing & Banking Practice

8 Company Law

7 Auditing

11 Financial Accounting 2

The syllabus covers the following aspects relating to Islamic financial institutions, which are defined to include Islamic banks, Islamic insurance companies (Takaful), and Islamic investment funds: Contracts: Mudaraba, Musharaka, Murabaha, Ijara and Ijara Muntahia Bittamleek, Salam Istisnaa, Bai bithaman ajil, and Wakala AAOIFIs pronouncements Financial accounting statements and standards that have been developed for Islamic financial institutions Auditing standards for Islamic financial institutions Governance standards for Islamic financial institutions Codes of ethics for accountants, auditors and employees of Islamic financial institutions and key financial management issues relating to Islamic banks, namely capital adequacy ratio, liquidity management, risk management, and agency problems. The above syllabus draws primarily from the pronouncements of AAOIFI which is gradually becoming the standard-setting body of the Islamic banking and finance industry. This should help candidates to acquire knowledge that is more relevant for cross-border applications.

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Paper15 Islamic Accounting, Auditing & Banking Practice (Professional 2)

Learning Outcomes
After successfully completing this paper, candidates should have an understanding of: The definitions and basic characteristics of the contracts that govern the work of Islamic financial institutions The accounting, auditing, governance and ethical standards issued by AAOIFI. The intricacies of some of the key aspects of financial management of Islamic financial institutions.

Structure of the Paper

The paper is a three-hour exam which requires candidates to answer four questions out of five. The paper is structured into two sections: Section A consists of two compulsory questions and Section B consists of three questions of which two questions must be answered. The exam questions are based on the latest version of AAOIFIs standards of which candidates are expected to have detailed knowledge.
Section A

This section carries 50% of the overall marks for the paper and includes two compulsory questions. The first and second question score 70% and 30% of the marks allocated to this Section respectively, i.e. 35 marks and 15 marks of the overall marks of the paper. While both questions attempt to ensure that candidates have a thorough understanding of AAOIFIs accounting, auditing and governance standards, the first question mainly focuses on examining the candidates ability to apply AAOIFIs accounting standards to complex transactions undertaken by Islamic financial institutions.
Section B

This section carries 50% of the overall marks for the paper and comprises a choice of two essay type questions out of three, each carrying equal marks, i.e. 25 marks each. In addition to AAOIFIs accounting, auditing, governance and ethical standards, the questions in this section cover the definition and basic characteristics of the various contracts that govern the transactions of Islamic financial institutions as well financial management aspects of Islamic banks.

Syllabus
15.1 Financial Accounting Statements and Standards for Islamic Financial Institutions
Topic Weighting 50%

This is the key area of the syllabus and will be examined as the compulsory question in Section A that scores the highest mark and may also be an optional question in Section B. Candidates must therefore have an in-depth understanding of all the financial accounting statements and standards issued by AAOIFI and are prepared to apply their knowledge of these pronouncements to complex transactions that are undertaken by Islamic financial institutions.

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Paper15 Islamic Accounting, Auditing & Banking Practice (Professional 2)

15.2 Auditing Standards for Islamic Financial Institutions (ASIFI)

Topic Weighting 15%

ASIFI is a key area of the syllabus. This key area may be examined as the second compulsory question in Section A and may also be an optional question in Section B. Candidates must therefore have a thorough understanding of what is required in the ASIFI with regard to the audit of Islamic financial institutions, the auditors report, the relationship of the external auditor with the Sharia supervisory board (SSB).

15.3 Governance Standards for Islamic Financial Institutions (GSIFI)

Topic Weighting 15%

GSIFI is a key area of the syllabus. This key area may be examined as the second compulsory question in Section A and may also be an optional question in Section B. Candidates must therefore have a thorough understanding of what is required in the GSIFI with regard to the appointment, composition, dismissal, and report of the SSB, Sharia review, internal Sharia review, and audit and governance committee.

15.4 Financial Management Aspects of Islamic Banks

Topic Weighting 10%

Financial management aspects of Islamic banks are a key area of the syllabus. This key area may be examined as the second compulsory question in Section B and may also be an optional question in Section A. Candidates must therefore have a thorough understanding of the purpose and calculation of the capital adequacy ratio for Islamic banks, and the key issues in the liquidity management, risk management, and agency problem of these banks.

15.5 Codes of Ethics

Topic Weighting 5%

This area will be examined as part of an optional question in section B. Candidates must have a thorough understanding of the codes of ethics issued by AAOIFI and be able to identify the additional requirements in these codes compared to the codes of ethics issued by the International Federation of Accountants.

15.6 Definition and Basic Characteristics of Contracts

Topic Weighting 5%

This area will be examined as part of an optional question in section B. Candidates must be conversant with the definition and basic characteristics of the various contracts that govern the transactions of Islamic financial institutions.

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Paper15 Islamic Accounting, Auditing & Banking Practice (Professional 2)

Relationship to Overall Syllabus

Islamic financial institutions have their own unique characteristics. In order to be able to offer competent advice and to have the ability to support business decisions and transactions, a professionally qualified accountant who opts to be involved in work related to Islamic financial institutions must have a thorough knowledge of the various contracts that govern the transactions of these institutions, the accounting, auditing and governance standards that have been specifically developed for these institutions, as well as the key financial management issues relating to Islamic banks. Paper 15 therefore aims to: (a) (b) Build on the knowledge acquired by the candidate in financial accounting and auditing; and Ensure that as an accountant, the candidate is well equipped with the knowledge that enables him/her to professionally perform his/her role both in practice and in business.

Ethics
Students are advised that the standards outlined in the IFAC code of Ethics for Professional Accountants are implicit in, and examinable throughout, the AIA syllabus. The Code can be accessed via the AIA website at www.aiaworldwide.com

Essential Reading
You can purchase any of the books listed quickly and easily through the AIA website and Blackwells Online Bookshop, please visit the AIA recommended reading list webpage

Islamic Law and Finance: Religion, Risk and Return

Author: Publisher: Web Site: ISBN: Vogel, F E; Hayes, S L Kluwer Law International www.blackwell.co.uk 9041106243

An Introduction to Islamic Finance

Author: Publisher: Web Site: ISBN: Usmani, M T Kluwer Law International www.blackwell.co.uk 9041116192

Islamic Finance - Innovation and Growth

Author: Publisher: Web Site: Karim, R A A Kluwer Law International www.aaoifi.com

Published:

October 2002

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Paper15 Islamic Accounting, Auditing & Banking Practice (Professional 2)

AAOIFI Publications
Accounting, Auditing and Governance Standards for Islamic Financial Institutions Shariah Standards for Islamic Financial Institutions Statement on the Purpose and Calculation of Capital Adequacy Ratio for Islamic Banks
Articles

Research in Accounting Regulation

Archer, S., and Karim, R. A. A., (1997), Agency Theory, Corporate Governance and the Accounting Regulation of Islamic Banks, Supplement, pp. 97 114.

Journal of Management and Governance

Archer, S., Karim, R. A. A., and T. Al-Deehani, (1998), Financial Contracting, Governance Structures and the Accounting Regulation of Islamic Banks: An Analysis in Terms of Agency Theory and Transaction Cost Economics,, Special Issue on Accounting Regulation, pp. 149-170.

The International Journal of Accounting

Karim, R. A. A., (2001), International Accounting Harmonisation, Banking Regulation and Islamic Banks, USA, Vol. 36 (2), pp. 169-193.

Occasional Papers

Risk Management: An Analysis of issues in Islamic Financial Industry

Khan, T., and H. Ahmed, (2001), Occasional Paper No. 5, (Jeddah, Saudi Arabia: Islamic Training Institute, Islamic Development Bank). ISBN: 9960-32-109-6

Website:

www.aaoifi.com

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Paper 16 Taxation & Tax Planning Malaysia Variant (Professional 2)

Paper 16.

Taxation and Tax Planning Malaysia Variant

Aims
To examine the candidates knowledge of: the advanced aspects of Malaysian taxation the application of the principles and concepts involving tax planning and tax compliance and the ability to provide a wholesome response to practical problems.
Fig. 3 Inter-relationship of papers 16 Taxation & Tax Planning (Malaysia)

5 Auditing & Taxation (Malaysia)

Learning Outcomes
Upon completion, candidates are expected to be able to carry out compliance and advisory work in taxation. They should be able to appreciate the common tax planning issues and specific issues involving the chargeable entities and persons in Malaysia. Candidates are also expected to reasonably appreciate emerging economic and cross-border issues from the tax perspective.

Structure of the Paper

A three-hour paper consisting of two sections. The total marks for the paper are 100.
Section A

This section scores 60% of the overall marks for the paper and consists of three compulsory questions. Candidates are required to answer all questions. The allocation of marks may not be equal. Question 1 is a 30 mark case study style question. This will be an integrated tax computation and compliance question. Question 2 and 3 are both 15 mark questions on integrated tax and planning involving income tax and related legislations. This section will focus on comprehensive tax computations and tax planning.
Section B

This section scores 40% of the overall marks for the paper and consists of two 20 mark questions out of a choice of three. The questions cover specific topics and developments in direct and indirect taxation. Where appropriate the allocation of marks to parts of a question will be stated.

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Paper 16 Taxation & Tax Planning Malaysia Variant (Professional 2)

Fifty to seventy per cent of the questions are computational and thirty to fifty per cent of the questions are essay based. Candidates are expected to be familiar with contemporary issues and major case decisions.

Syllabus
The syllabus covers the following legislations: Income Tax Act 1967 Promotion of Investment Act 1986 Stamp Act 1949 Service Tax Act 1975 Sales Tax Act 1972

16.1 Principles of Taxation

Topic Weighting 10%

Taxation of income Deductibility of expenses Basis periods and change of accounting dates

16.2 Taxation of Companies

Topic Weighting 15%

Self-assessment system Company tax computations Imputation system and single-tier system Group re-structuring, liquidation and inter-company dealings Schedule 4B (Qualifying pre-operational business expenditure)

16.3 Capital Allowances

Topic Weighting 10%

Plant, machinery and industrial buildings Controlled transfers Agricultural allowances

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Paper 16 Taxation & Tax Planning Malaysia Variant (Professional 2)

16.4 Cross-Border Transactions

Topic Weighting 10%

Withholding taxes Double taxation treaties Transfer pricing E-commerce Cross-border financing, foreign branch, foreign source of income and subsidiaries of foreign companies and other permanent establishments Tax incentives under Labuan Offshore Financial Centre

16.5 Special Cases and Specialised Industries

Topic Weighting 5%

Insurance, banking, sea and air transport undertakings Societies, associations, trade associations and clubs Property developers and contractors Charitable institutions Leasing transactions

16.6 Investment Incentives

Topic Weighting 10%

All incentives under Income Tax Act 1967 Promotion of Investment Act 1986 Pioneer Status Investment tax allowance Promotion of exports Infrastructure allowance

16.7 Tax Planning

Topic Weighting 25%

Candidates should be able to identify opportunities to alleviate, mitigate of defer the impact of direct or indirect taxation including utilization of losses, capital allowances, restructuring business and non-business operations, structuring tax efficient transactions, choosing appropriate incentives and other measures appropriate to the situation.

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Paper 16 Taxation & Tax Planning Malaysia Variant (Professional 2)

16.8 Tax Audits and Investigation

Topic Weighting 5%

Tax audits and adjustments Distinction between tax avoidance and tax evasion Investigation powers of IRB Backduty computation Events that trigger audits & investigation

16.9 Indirect Taxation & Stamp Duty

Topic Weighting 10%

Sales tax Service Tax Stamp Duty

Relationship to Overall Syllabus

A professionally qualified accountant in practice and industry is expected to be proficient not only in the rudiments of taxation but also the advanced aspects of taxation. An appreciation of the tax implications in all financial transactions is a prerequisite for a competent accountant. A qualified accountant should be able to provide sound advice related to all aspects of tax compliance and tax planning so as to minimise the cost of doing business and comply with the countrys tax laws. This paper therefore seeks to equip prospective accountants with the required knowledge to be conversant in Malaysian tax law and practice.

Ethics
Students are advised that the standards outlined in the IFAC code of Ethics for Professional Accountants are implicit in, and examinable throughout, the AIA syllabus. The Code can be accessed via the AIA website at www.aiaworldwide.com

Essential Reading
You can purchase any of the books listed quickly and easily through the AIA website and Blackwells Online Bookshop, please visit the AIA recommended reading list webpage

Advanced Malaysian Taxation

Author: Publisher: ISBN: Alan Yeo Miow Cheng PAAC 9289274493

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Paper 16 Taxation & Tax Planning Malaysia Variant (Professional 2)

Malaysian Taxation
Author: Publisher: ISBN: Alan Yeo Miow Cheng PAAC 9289274486

Veerinder on Taxation
Author: Publisher: Website: ISBN: Veerinderjeet Singh Arah Publications arahpendidikan.com.my 9789833718382 Volume 1 9789833718399 Volume 2

Malaysian Taxation: Principles and Practice 2009 15th Edition

Author: Publisher: Web Site: ISBN: Choong Kwai Fatt Info World www.kwaifatt.com 9789839526455

Advanced Malaysian Taxation: Principles and Practice 2009 11th Edition

Author: Publisher: Web Site: ISBN: Choong Kwai Fatt Info World www.kwaifatt.com 9789839526462

A Comprehensive Guide to Malaysian Taxation under Self-Assessment 3rd Edition

Author: ISBN: Jeyapalan Kasipillai 9833219721

Inland Revenue Web Site

http://www.hasil.org.my

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