KUALA LUMPUR, June 24 (Bernama) — The Malaysian Institute of Accountants (MIA) wishes to reiterate that the role of the approved statutory auditors is to provide reasonable assurance on whether the financial statements prepared by reporting entities are true and fair. Through the external audit, auditors play an important role in promoting confidence in the quality and reliability of audited financial statements in Malaysia.
In carrying out their statutory duties, auditors as members of the MIA are bound by the International Standards on Auditing (ISAs) and the profession’s code of ethics. Furthermore, the auditors of public interest entities (PIEs) are required to comply with Capital Market and Securities regulations and are subject to oversight by the Audit Oversight Board (AOB).