Recommended Audit Fee in Malaysia The Malaysian Institute of Accountants (“MIA”), had in 2010, issued a Recommended Practice Guide 7 (Revised) on the charging of audit fees. This is a replacement to the earlier practice guide issue in 2007. All auditors in Malaysia are required to abide by this practice guide. Purpose The MIA issued…
Category Archives: Audit & Assurance
With the implementation of Self Assessment System (“SAS”) by the Inland Revenue Board (“IRB”), tax audits become one of IRB’s main activities. SAS for companies were implemented in 2001, whereas for individuals and businesses, in 2004. SAS is a system where by taxpayers (both individuals and companies) are required to compute their own taxes and…
