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Managing Your Practice

Bullets Small Business Checklist for IFAC Member Bodies
  This multi-part checklist features standalone sections on financial tasks, strategic management tasks, and regulatory requirements, among others. The checklist can be used both by small businesses, to determine what business advice they may need from an accountant, and/or by SMPs, as a marketing or diagnostic tool to help them determine the advice a small business client may need.

To view the digital magazine, click HERE.
   
Bullets Interview with IFAC SMP Committee Chair, Giancarlo Attolini
 
Peluru

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Format : PDF
Size : 30KB
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Bullets Delivery of Bank Confirmation Request: List of Contact Details for 24 Commercial Banks in Malaysia (Including their respective Islamic banking arms)
 
Peluru

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Format : PDF
Size : 76KB
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Bullets Guide to Practice Management for Small-and Medium-Sized Practices Second Edition
  To view, click HERE.
   
Bullets Guide to Using International Standards on Auditing in the Audits of Small- and Medium-Sized Entities, Third Edition
  This comprehensive implementation guide is intended to help practitioners understand and efficiently apply the clarified International Standards on Auditing (ISAs) to audits of small- and medium-sized entities (SMEs). First issued in 2007 and developed with the Canadian Institute of Chartered Accountants, it is designed for use by all practitioners. Volume 1 covers the basic concepts of a risk-based audit in conformance with the ISAs. Volume 2 contains practical guidance on performing SME audits, including two illustrative case studies—one of an SME audit and one of a micro-entity audit.
  To view, click HERE.
   
Bullets IFAC Small and Medium Practices (SMP) Quick Poll Results
 
Peluru IFAC SMP Quick Poll: 2011 Round-Up
Peluru SMP Quick Poll: August/September Results
Peluru SMP Quick Poll: April/May Results
Peluru SMP Quick Poll: January/February Results
   
Bullets User Manual for Online Application / Renewal of Tax Agent Licence
 
Online Application User Manual (version 1.4)



Format : PDF
Size : 2.7MB
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Online Renewal User Manual (version 1.4)

Format : PDF
Size : 2.5MB
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Bullets ISQC
 
Peluru Audit Quality Rating System (AQuR)
 

Description : AQUR System
Format : MS Word
Size : 31KB
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Peluru Guide to Quality Control for Small- and Medium-Sized Practices, Third Edition
  This third edition of the guide features enhancements to the two sample manuals, as well as other refinements for clarity and consistency with International Standard on Quality Control (ISQC) 1. The guide contains the requirements set out in ISQC 1 in addition to implementation guidance, including discussion material and an integrated case study that can be used as the basis for education and training.

The guide provides non-authoritative guidance on applying ISQC 1. It is not to be used as a substitute for reading ISQC 1, but as a supplement to help practitioners understand and consistently implement this standard within their firms when developing a system of quality control for audits and reviews of financial information, and other assurance and related service engagements.
  To view, click HERE.
   
Peluru AQuR Press Release
 

Description : AQuR Press Release
Format : PDF
Size : 521.83KB
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Bullets Samples of day-to-day operational templates
 
Peluru Checklist
 
Peluru Disclosure checklist under FRS
Peluru Disclosure checklist under IFRS
   
Peluru Sample report
 
Peluru Auditor's report
Peluru Accounting annual report
   
   
Peluru Illustrative financial statements
 
Peluru FRS
Peluru IFRS
   
Peluru Tools for Practice
 
Peluru ACCA
http://www.accaglobal.com/archive/sa_oldarticles/37079
Peluru CPA Australia
Peluru ICAA
Peluru ICAEW
   
Bullets Common Findings of practice review
  Untitled 2 Right click HERE and select 'Save Target As' to download the document.

Description : Common findings during period July 2005 to June 2006
Format : PDF
Size : 109.47KB
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Bullets A Guide to Charging for Professional Assurance Services
 
Description

: RPG7

Format : PDF
Size : 100KB
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Bullets Professional Indemnity Insurance (PII)
 
By-Laws

PART II: BY-LAWS ON PROFESSIONAL CONDUCT AND PRACTICE

Section 510 Professional Indemnity Insurance

510.1

Every member in public practice is required to ensure that his or her firm carries and maintains a policy of professional indemnity insurance.

510.2

Members in public practice are required to purchase policies from licensed insurance companies.

510.3
(1)

Every member in public practice must maintain a policy of professional indemnity insurance with a minimum coverage of Ringgit Malaysia One Hundred Thousand (RM100,000.00), upon commencement of public practice.

(2)

Proof of such coverage is required for the purpose of the annual renewal of the member’s practising certificate pursuant to Rule 9 of the Malaysian Institute of Accountants (Membership and Council) Rules 2001.

(3)

The Membership Affairs Committee of the Council or any other Committee so delegated by the Council for this purpose, may reject the application of any professional accountant for the renewal of the practising certificate if there is non-compliance with the requirements of Rule 9 of the Malaysian Institute of Accountants (Membership and Council) Rules 2001 or with the above requirement without proper excuse. Any professional accountant aggrieved with such a decision, may appeal to the Council whose decision on the same is final.

510.4

Where a member in public practice carries on practice under more than one firm, that member is required to have separate policies of professional indemnity insurance with a minimum coverage of Ringgit Malaysia One Hundred Thousand (RM100,000.00) each, for himself or herself in each of these firms.

510.5

Where members choose to practice as a compound firm (herein defined as a mixture of firms as well as body corporate recognised by the Institute as practising under a group), one of the member within the compound firm can be nominated to arrange for the insurance need of the compound firm under one single policy. Any Committee so designated by the Council must be satisfied that the compound firm has shown that together, they comply with Section 510.4 above

510.6

All members with practising certificates should satisfy themselves that they or their firm (including the compound firm) have suitable arrangements in place to comply with the By-Laws on the professional indemnity insurance of the Institute at all times.

Inserted 31 July 2008; With immediate effect.

   
Bullets Succession Planning
 
Peluru Practice Continuation Agreement
Peluru Outline of the salient clauses
   
Bullets Knowledge Management
  IFACnet, the KnowledgeNet for Professional Accountants, is the multilingual, global Internet search engine developed by IFAC and its members to serve professional accountants in business, those employed in small and medium practices, and other professional accountants worldwide and SMPs.
   
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