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Symposium for Corporate Board Members




The Malaysian Institute of Accountants (MIA) has organised the Corporate Board Leadership Symposium 2014 with the support from Bursa Malaysia, BoardRoom, Federation Of Public Listed Companies Bhd, Minority Shareholder Watchdog Group (MSWG) and PwC on the 25th August 2014 in Kuala Lumpur.At the Corporate Board Leadership Symposium 2014, participants had the opportunity to listen to experts speak on the latest trends in the corporate leadership as well as the issues faced by board members in complying with the new regulations, legislations and codes of practice in the business environment.

“This Symposium was conceptualised as a high level event to encourage debate and effective ideas towards capacity building and quality among Malaysian boards,” said Johan Idris, President of MIA, during the Welcome Address.

The key thought leaders who attended the symposium are Tan Sri Dr Sulaiman Mahbob, Chairman MSWG; Johan Mahmood Merican, CEO of Talent Corporation Malaysia Bhd; Nor Azimah Abdul Aziz, Director for Corporate Development and Policy Division of Companies Commission of Malaysia; Philip Koh Tong Ngee, the Senior Partner of Mah-Kamariyah & Philip Koh and, Rita Benoy Bushon, CEO of MSWG;

The other speakers are Roshan Thiran, CEO of Leaderonomics, Sridharan Nair, Managing Partner of PwC Malaysia; Professor Dr. G. Suresh Kumar, Co-founder & Senior Consultant of S.P.E.A.A.R.S International (M) Sdn Bhd and, Tengku Azian Shahriman, Director for Education and SRI Human Capital Development of PEMANDU Prime Minister’s Department;

Also at the Symposium were Dr Veerinderjeet Singh, Independent Non-Executive Director of Malaysian Subsidiary of an International Bank; Vijayam Nadarajah, Specialist (Corporate Programme) of Accreditation Finance Accreditation Agency; Vikram Cardozo, the Senior HR Director of GE ASEAN and, Datuk Zaiton Mohd Hassan, the Vice President of MIA and President of ACCA Malaysia Advisory Committee.

Jonathan Allen Yabut, the Winner of Apprentice Asia, also gave a talk during the luncheon session.

The one-day event was attended by some 40 participants from the senior management level.

MIA holds GST Conference 2014




(L- R)- Chester Leong, Danny Choong, Johan Idris, Dato’ Subromaniam Tholasy, Morrie Cheng, Ng Sue Lynn and Aaron Charles Lavell


The Malaysian Institute of Accountants (MIA) recently organised the GST Conference 2014 on 17th July 2014 at the Connexion@Nexus, Bangsar South, Kuala Lumpur.

With less than a year to go before the Goods and Services Tax or GST comes into effect, the conference is a great platform for finance leaders and tax practitioners from other neighbouring countries to share knowledge, techniques and strategies on how to integrate GST into an organisation while aligning with its business objectives.

At the welcome address of the GST Conference 2014 MIA President Johan Idris said MIA will continue to work closely with the Government in facilitating the GST implementation exercise. The GST is one of a valuable source to ensure that our tax system become more effective, efficient, transparent and business-friendly.

The speakers at the conference were Royal Malaysian Customs Department, Director of Customs, GST Division, Dato’ Subromaniam Tholasy; Hong Kong-based Asia Sun Life Financial, Head of Tax and Accounting, Morrie Cheng; Sun Life Malaysia Assurance Berhad, CFO, Danny Choong; Australia-based WMS Chartered Accountants, Partner, Aaron Charles Lavell; Singapore-based Boardroom Limited, Head of Tax Services, Chester Leong and Singapore-based RSM Chio Lim LLP, Director, GST Services, Richard Ong.

The other speakers were KPMG Tax Services, Executive Director, Indirect Tax, Ng Sue Lynn, Lee Hishammuddin Allen & Gledhill, Senior Associate, Siti Fatimah Mohd Shahrom and, IBM Malaysia, CFO, Wong Chiun Chiek.

There was also a GST post-conference workshop for SMEs on day-2, which was facilitated by YYC GST Consultants, Partner, Yap Shin Siang.

The two-day event was attended by more than 250 participants.


Audit Committee Leadership is Key to Effective Corporate Governance




Johan addressing the audience in the first plenary session. Seated (L- R) Martin Giles Manen, Chairman, Audit Committee of two public listed companies; Wan Ahmad Ikram Wan Ahmad Lotfi, Chief Financial Officer, Perbadanan Insurans Deposit Malaysia (PIDM); Lee Tuck Heng, Chairman, Audit and Assurance Standard Board, MIA.


President of the Malaysian Institute of Accountants (MIA), Johan Idris urged audit committee members to improve their level of accountability as directors, and in management roles through leadership, especially so in these volatile and ever changing economic climate. He said this at the second Audit Committee Conference in Kuala Lumpur today, an event co-organised with the Institute of Internal Auditors (IIA) Malaysia.”Audit committee members are entrusted by stakeholders in identifying, addressing and managing risks in their respective organisations and companies. This can be effectively achieved by implementing good corporate governance standards and best practices which are instrumental in promoting values of integrity, transparency, and accountability within the organisation,” said Johan.

Johan added that, though the role of the auditors in upholding the integrity of the financial reporting system has received minimal scrutiny in these testing times, it would still be essential to have in place a vigilant and vigorous audit profession. He urged the audit committee to regularly monitor if there is a need to tighten internal controls and risk management in the organisations. The audit committee should also act as an independent first line of defence against any poor corporate governance and regular controls.

“Integrity and an ethics-based organisation culture would help instil confidence in our corporate financial reporting, and will be a strong deterrent to fraudulent and irregular practices. In that sense, I am confident that the audit committee is well positioned in addressing the increased challenges and expectations imposed on them,” he said.

Themed `Stepping Up For Better Governance’, the conference comes ahead of the much anticipated revamp of the auditor report standards set by the International Auditing and Assurance Standards Board (AASB) scheduled for the fourth-quarter 2014.

This year’s conference focussed on increasing director’s awareness of current developments and issues relating to the role of audit committee in assuring better corporate governance and enhancing the competencies of audit committees. The one-day conference attracted over 300 participants comprising mainly of senior audit committee members, company directors, governance professionals, business leaders, internal and external auditors and other audit and finance professionals.

Key speakers at the conference included Paul J. Sobel, Chairman of Board, IIA Global USA; Martin Giles Manen, Chairman, Audit Committee Chairman for several public linked companies; Megat Mizan Nicholas Denney, Member of Board of Governors, Malaysian Institute of Corporate Governance and Datuk Mohd Nasir Ahmad, Chairman of Audit Committee, SME Development Bank Malaysia Berhad.


Over 300 participants attended the conference


MIA Conference 2013 Highlights The Role Of Accountants In Supporting Organisations Deliver Consistent, Sustainable Growth And Shareholder Value





Kuala Lumpur, 26 November – Accountants today are urged to lead in creating and managing organisational value. Their key function is to help their organisations deliver consistent, sustainable growth and shareholder value.

“Facing these pressures, accountants are expected to shoulder multiple roles beyond the finance and assurance function in this new economic era where turbulence and volatility are constants” , said Malaysian Institute of Accountants (MIA) President, Johan Idris at the opening ceremony of the MIA International Accountants Conference (MIA Conference) 2013.

The Conference which attracted more 2500 delegates from 24 countries was officiated by YB. Dato’ Seri Ahmad Husni Mohamad Hanadzlah, Minister of Finance II, Malaysia.

Themed, ‘Managing Value, Accelerating Growth‘ the conference is especially tailored to support accountants and financial business leaders to create and manage value and deliver growth in their primary roles as executives, key decision-makers and business support partners,” added Johan.

Echoing the same message, the MIA Conference Organising Committee Chairman, Datuk Mohd Nasir Ahmad said: “The theme of the Conference is consistent with the role of accountants to add value to performance of an organisation. As managing value becomes vital to the business agenda, more accountants are taking on strategic and leadership roles and increasingly being held accountable for the business performance of their organisations”.

During the two-day conference, 38 thought leaders explore issues related to key areas that affect the accountancy profession now and the future and provide concrete solutions to overcome the challenges faces by the industry in four (4) plenary sessions and 12 Concurrent Sessions.

Headlining the MIAC 2013 is Warren Allen, President of the International Federation of Accountants (IFAC) and an influential global business leader who is speaking on the latest developments in business and the profession and how these will affect accountants in his keynote address during the first plenary session.

Allen shares his thoughts on how accountants should capitalise on the latest developments and trends in the profession – such as integrated reporting, IFRS convergence, the drive for quality, ongoing reforms, embracing and embedding a culture of risk management, ethics and good governance, etc. – to catalyse business growth and make an impact in a challenging and borderless world.

The second Plenary session focuses on integrated reporting, which enables better decision-making and governance and indelibly change the historical corporate reporting model as we know it today.

Plenary 3 presents an outlook of the risks and potentials of the global economy for near future, with an emphasis on the growth opportunities available in Asian markets. Meanwhile, Plenary 4 offers insights into creativity which is essential to driving innovation and competitiveness.

Meanwhile, the Conference concurrent sessions are tailored to help accountants and finance professionals advance in their particular domain, be it public practice, corporate or government. Topics include the developments in the area of tax legislations, risk management, and innovations among others to facilitate strategic planning and decision making, shared services and whistle blowing protocols to protect organisations against escalating fraud risks.

Recognising the emerging clout of SMEs and SMPs, the conference also places tremendous weight on internationalising SMEs and SMPs to help them scale up and prepare for the challenges of changing legislation and cross border economic integration. There are also heavy focuses on IFRS for SMEs; the route to internationalisation and expansion for SMEs and SMPs depends on the successful adoption of IFRS for SMEs for global comparability and competitiveness. Comply or languish is the message for small enterprises.

Indeed, it could be said that “learn, upskill or be left behind” is the key takeaway message for accountants and finance professionals at all levels.

“We believe that the content and knowledge on offer at the MIAC 2013 is well worth the price of admission. Only by learning constantly and keeping yourself up to date with the latest developments can you come closer to attaining your full potential as accountants of the 21st century,” urged Johan.

“We must bear in mind that all our strategies and plans can only be achieved with competent human capital. Therefore, it is imperative that Malaysia creates and maintains a first-class education system for accountancy training in order to produce trained accountancy graduates who are on par with those from other leading countries. I am confident that our educationists are ever ready to institute reforms for the sake of our future generations. To that extent, MIA pledges to cooperate with the institutions of higher education in the country as well as all other professional accountancy bodies to ensure that accountants trained in Malaysia will possess global competencies,” said Johan.

In line with this, during the opening ceremony, MIA hosted a special Document Exchange Ceremony between TalentCorp and professional Accounting Bodies. This Exchange is representative of the joining of forces of TalentCorp with five (5) Professional Accountancy Bodies to address the shortage of qualified professional accountants under what is known as the Upskilling Program for the finance shared services in Malaysia.

Johan said that MIA fervently supports relevant stakeholders especially from the institutes of higher learning and other developmental agencies in their endeavour to further propel the development of the accountancy profession in Malaysia.


MIA Bags top RAWR Awards for Excellence in Business Conference




Johan Idris RAW


Malaysian Institute of Accountants (MIA), has notched another first by winning the ‘National Conference for Excellence’ in the Business Events category at the inaugural rAWr (Recognising Award Winning Results) Awards 2013, through its flagship event, the MIA International Accountants Conference (MIA Conference) 2012.The Awards presentation ceremony was held on 18 September at KL Convention Centre during rAWr 2013 Gala Dinner.The rAWr Awards is co-organised by the Malaysia Convention & Exhibition Bureau (MyCEB) and the Malaysian Association of Convention and Exhibition Organisers and Suppliers (MACEOS) to recognise excellence, leadership, professional standards, innovation and best practices within the Meeting, Incentive, Convention and Exhibition (MICE) or business events industry.MIA President, Johan Idris was present to receive the Award from MyCEB’s CEO, Zulkefli Haji Sharif and MACEOS President, Jonathan Kan.Speaking on the Institute’s success, Johan conveyed the Institute’s delight at receiving the award. “We are honoured and elated to be on the winners’ list of the inaugural rAWr Awards. This Award goes to MIA Team, especially the MIA Conference 2012 Chairperson, Datuk Mohd Nasir Ahmad.

“MIA feel honoured that our contribution in the industry through MIA Conference is being recognised. We will certainly continue this winning endeavour in the years to come by organising a value added conference which caters the need of the Accounting and business fraternity”.

The rAWr Awards covered 27 categories within the four main components of the MICE industry including Best International Conference, Best Trade Exhibition, Best Incentive Programme, Best Event and Best Environmental Initiative.