The Institute is pleased to inform members that the Council has approved the issuance of the Recommended Practice Guide (“RPG”) 10 as guidance to members.
RPG 10 is issued to provide clarification on certain aspects regarding the participation by Reporting Accountants (“RA”) in Due Diligence Working Groups established in connection with submissions to the Securities Commission, Circular to Shareholders and offering documents such as Prospectuses. It also provides guidance on the manner in which the RA expresses the terms of participation and reports on the RA’s work, and specifically also addresses the issuance of comfort letters.
The guidance is jointly developed by the Institute and the Malaysian Institute of Certified Public Accountants.
Members can download RPG 10 – Guidance on the Role of Reporting Accountant in a Due Diligence Working Group from the Institute's website at this link http://www.mia.org.my/new/1_tech_detail.asp?tid=1&rid=4&id=950.
Please be guided accordingly.
HO FOONG MOI (MS)
On behalf of the Registrar
Click HERE to download the RPG 10 - Guidance on the Role of Reporting Accountant in a Due Diligence Working Group.