Functions of the (MIA) to the accounting profession in Malaysia

Functions of the (MIA) to the accounting profession in Malaysia

1. MIA defines the duties, responsibilities and liabilities which sets out the Malaysian Standards on Auditing and Practice Notes
2.  MIA maintains the official register of accountants or public accountants which sets admission requirements
3. Regulates and registers members; maintains the national register of accountants.
4. Sets entry/practice requirements and issues/controls practising certificates.
5. Adopts and issues professional standards (e.g., Malaysian Standards on Auditing) and ethics (MIA By-Laws based on IESBA).
6. Runs quality assurance/practice reviews of firms and monitors compliance.
7. Investigates complaints and disciplines members for misconduct.
8. Delivers CPD/CPE and competency frameworks to upskill the profession.
9. Publishes technical guidance (e.g., audit, AML/CFT) and practice advisories.
10. Advocates for the public interest and represents the profession to regulators (SSM, SC, BNM, MOF).
11. Supports SMPs/industry via committees, resources, and networking.
12. Promotes research, thought leadership, and public awareness of the profession.