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Malaysian Institute Of Accountants
Malaysian Institute of Accountants (MIA) is the umbrella body for the accountancy profession in Malaysia. It was established under the Accountants Act, 1967 to regulate and develop the accountancy profession in this country. MIA operates under the purview of the Ministry of Finance through the Accountant General's Department. MIA is the only accountancy body empowered by law to regulate the accountancy profession in Malaysia, thus making MIA membership mandatory for those holding themselves out or practising as an accountant in the country. MIA’s membership encompasses both legal and market recognition for accountants in Malaysia. Members of MIA are conferred with the designation Chartered Accountant Malaysia, abbreviated as ‘C.A.(M)’. This designation is given to a professional in accountancy, business and finance with recognised accountancy qualification and relevant work experience. At present, there are more than 37,000 MIA members working in all industries and state ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Body Corporate
In law, a legal person is any person or 'thing' (less ambiguously, any legal entity) that can do the things a human person is usually able to do in law – such as enter into contracts, sue and be sued, own property, and so on. The reason for the term "''legal'' person" is that some legal persons are not people: companies and corporations are "persons" legally speaking (they can legally do most of the things an ordinary person can do), but they are not people in a literal sense. There are therefore two kinds of legal entities: human and non-human. In law, a human person is called a ''natural person'' (sometimes also a ''physical person''), and a non-human person is called a ''juridical person'' (sometimes also a ''juridic'', ''juristic'', ''artificial'', ''legal'', or ''fictitious person'', la, persona ficta). Juridical persons are entities such as corporations, firms (in some jurisdictions), and many government agencies. They are treated in law as if they were persons. Whil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parliament Of Malaysia
The Parliament of Malaysia ( ms, Parlimen Malaysia) is the national legislature of Malaysia, based on the Westminster system. The bicameral parliament consists of the Dewan Rakyat (House of Representatives, Literal translation, lit. "People's Assembly") and the Dewan Negara (Senate, Literal translation, lit. "State Assembly"). The Yang di-Pertuan Agong (King), as the head of state, is the third component of Parliament. The Parliament assembles in the Malaysian Houses of Parliament, located in the national capital city of Kuala Lumpur. The term "Member of Parliament (MP)" usually refers to a member of the Dewan Rakyat, the lower house of the Parliament. The term "Senator" usually refers to a member of the Dewan Negara, the upper house of the Parliament. History Colonial and the Federation of Malaya Historically, none of the states forming the Federation of Malaysia had parliaments before independence, save for Sarawak which had its own Council Negeri which enabled local p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kuala Lumpur
, anthem = '' Maju dan Sejahtera'' , image_map = , map_caption = , pushpin_map = Malaysia#Southeast Asia#Asia , pushpin_map_caption = , coordinates = , subdivision_type = Country , subdivision_name = , subdivision_type1 = Administrative areas , subdivision_name1 = , established_title = Establishment , established_date = 1857 , established_title2 = City status , established_date2 = 1 February 1972 , established_title3 = Transferred to federal jurisdiction , established_date3 = 1 February 1974 , government_type = Federal administrationwith local government , governing_body = Kuala Lumpur City Hall , leader_title = Mayor , leader_name = Mahadi bin Che Ngah , total_type = Federal territory , area_footnotes = , area_total_km2 = 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Malaysia
Malaysia ( ; ) is a country in Southeast Asia. The federation, federal constitutional monarchy consists of States and federal territories of Malaysia, thirteen states and three federal territories, separated by the South China Sea into two regions: Peninsular Malaysia and Borneo's East Malaysia. Peninsular Malaysia shares a land and maritime Malaysia–Thailand border, border with Thailand and Maritime boundary, maritime borders with Singapore, Vietnam, and Indonesia. East Malaysia shares land and maritime borders with Brunei and Indonesia, and a maritime border with the Philippines and Vietnam. Kuala Lumpur is the national capital, the country's largest city, and the seat of the Parliament of Malaysia, legislative branch of the Government of Malaysia, federal government. The nearby Planned community#Planned capitals, planned capital of Putrajaya is the administrative capital, which represents the seat of both the Government of Malaysia#Executive, executive branch (the Cabine ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Accountancy
Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used as synonyms. Accounting can be divided into several fields including financial accounting, management accounting, tax accounting and cost accounting. Financial accounting focuses on the reporting of an organization's financial information, including the preparation of financial statements, to the external users of the information, such as investors, regulators and suppliers; and management accounting focuses on the measurement, an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Finance (Malaysia)
The Ministry of Finance ( ms, Kementerian Kewangan), abbreviated MOF, is a ministry of the Government of Malaysia that is charged with the responsibility for government expenditure and revenue raising. The ministry's role is to develop economic policy and prepare the Malaysian federal budget. The Ministry of Finance also oversees financial legislation and regulation. Each year in October, the Minister of Finance presents the Malaysian federal budget to the Parliament. The Minister of Finance administers his functions through the Ministry of Finance and a range of other government agencies. Its headquarters is in Ministry of Finance Complex, Putrajaya. Duties and importance The Minister of Finance is the minister in charge of government revenue and expenditure. The Minister oversees economic policy: fiscal policy is within the Minister's direct responsibility, while monetary policy is implemented by the politically independent Central Bank of Malaysia, the head of which is appoin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Regulation
Regulation is the management of complex systems according to a set of rules and trends. In systems theory, these types of rules exist in various fields of biology and society, but the term has slightly different meanings according to context. For example: * in biology, gene regulation and metabolic regulation allow living organisms to adapt to their environment and maintain homeostasis; * in government, typically regulation means stipulations of the delegated legislation which is drafted by subject-matter experts to enforce primary legislation; * in business, industry self-regulation occurs through self-regulatory organizations and trade associations which allow industries to set and enforce rules with less government involvement; and, * in psychology, self-regulation theory is the study of how individuals regulate their thoughts and behaviors to reach goals. Social Regulation in the social, political, psychological, and economic domains can take many forms: legal restriction ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Accountant
An accountant is a practitioner of accounting or accountancy. Accountants who have demonstrated competency through their professional associations' certification exams are certified to use titles such as Chartered Accountant, Chartered Certified Accountant or Certified Public Accountant, or Registered Public Accountant. Such professionals are granted certain responsibilities by statute, such as the ability to certify an organization's financial statements, and may be held liable for professional misconduct. Non-qualified accountants may be employed by a qualified accountant, or may work independently without statutory privileges and obligations. Cahan & Sun (2015) used archival study to find out that accountants’ personal characteristics may exert a very significant impact during the audit process and further influence audit fees and audit quality. Practitioners have been portrayed in popular culture by the stereotype of the humorless, introspective bean-counter. It has been ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Federation Of Accountants
The International Federation of Accountants (IFAC) is the global advocacy organization for the accountancy profession; mainly for the financial accounting and auditing professions. Founded in 1977, IFAC has more than 175 members and associates in more than 130 countries and jurisdictions, representing more than 3 million accountants employed in public practice, industry and commerce, government, and academia. The organization supports the development, adoption, and implementation of international standards for accounting education, ethics, and the public sector as well as audit and assurance. It supports four independent standard-setting boards, which establish international standards on ethics, auditing and assurance, accounting education, and public sector accounting. It also issues guidance to encourage high-quality performance by professional accountants in small and medium business accounting practices. To ensure the activities of IFAC and the independent standard-setting ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Congress Of Accountants
The World Congress of Accountants (WCOA) has been held under the auspices of the International Federation of Accountants (IFAC), the worldwide organization for the accountancy profession, every five years since 1952 and every four years since 2002. The host organization rotates every four years to a different national professional accounting organization, chosen by an IFAC selection team. The objective of the team is to select the candidate most likely to host a financially and otherwise successful World Congress and surrounding program. Selection criteria include the abilities and experience of the member body and the professional conference organizers in organizing such events; the suitability of the proposed venue; and the attractiveness to potential delegates of the venue and of the country in which it is situated; among other criteria. The Congress gives participants the opportunity to listen to world-class speakers and leaders of the finance and business community, to exchange ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kuala Lumpur Convention Centre
The Kuala Lumpur Convention Centre ( ms, Pusat Konvensyen Kuala Lumpur), also known as the KL Convention Centre, is a convention and exhibition centre located in the Kuala Lumpur City Centre (KLCC) development in Kuala Lumpur, Malaysia. The convention centre was the 2015 recipient of the AIPC innovation award. During the COVID-19 pandemic, it was used as a mass vaccination centre. Description The building was designed with Modernist and Postmodern architectural elements, and is located near the Kuala Lumpur City Centre Park. Major past events at the Convention Centre *67th MDA/FDI International Dental Convention & Trade Exhibition 2010 (2200 delegates) *XVIII FIGO World Congress of Gynecology and Obstetrics (FIGO) (8,294 delegates), 2006 *12th APLAR Congress Of Rheumatology 2006 (2,026 delegates) *6th Asian & Oceanian Epilepsy Congress 2006 (1,000 delegates) *The 11th ASEAN Summit 2005 *3rd International Asia Pacific Society of Infection Control (APSIC) 2007 *Scientific E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Accountancy In Malaysia
The accountancy profession in Malaysia is regulated by the Malaysian Institute of Accountants (MIA) through the powers conferred by the Accountants Act, 1967. The MIA is an agency under the Ministry of Finance and reports directly to the Accountant General Office. As at 4 February 2016, MIA has 32,618 members of which 68% are involved in commerce and industry, 22% in public practice and 10% in government and academia. Selangor and the Wilayah Persekutuan Kuala Lumpur Federal Territory have the largest concentration of MIA membership with 13,125 and 7,351 members respectively. https://web.archive.org/web/20150725035639/http://www.mia.org.my/new/members_statistics_state.asp MIA sets the By-Laws (On Professional conduct & Ethics) and auditing standards for the accountancy profession in Malaysia, which are in line with the standards issued by the International Federation of Accountants (IFAC) and the International Auditing and Assurance Standards Board (IAASB). Other Accountancy Bodie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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