Objective

The primary objective of the Financial Statements Review Committee (“FSRC” and “the Committee”) is to monitor the quality of financial statements and reports that are prepared by or are the responsibility of members of MIA, for the purpose of determining compliance with statutory and other requirements, approved accounting standards and approved auditing standards in Malaysia.

Scope and Authority

The Committee has authority, within the scope of its responsibilities, to:

  1. review the review findings of the Secretariat on the financial statements, directors’ report and auditor’s report of selected companies for compliance with statutory and other requirements, approved accounting standards and approved auditing standards in Malaysia.
  2. draw the attention of the member responsible for the preparation or for reporting on the financial statements to any areas in which the presentation or content appears to fall short of such compliance and where the committee is of the view that it justifies further action; and to discuss the replies from such member.
  3. refer to the Investigation Committee of MIA and/or other regulatory bodies for appropriate action where the Committee is of the view that deliberations arising from matters above justify further action;
  4. review on matters relating to interim financial information and financial statements referred to the Committee by the Investigation Committee of MIA and/or other regulatory bodies and recommend further action;
  5. provide technical advice to the Secretariat on their review of financial information and/or financial statements of any enterprises on matters of public interest and recommend further action;
  6. highlight to the relevant Committee of MIA, or other relevant bodies on issues of inconsistencies or uncertainties with respect to financial reporting; and
  7. support the efforts of the Institute in providing guidance to members of MIA on good financial reporting based on common findings during the review process.

Chairman

Irvin Menezes

TMT Leader and Assurance Partner
PricewaterhouseCoopers

Members

Ngo Yaik Lung, Winston

Technical Director
Deloitte PLT

Tham Hon Sin

Technical Director, Technical & Training Department
Crowe Malaysia PLT

Chu Shuk Ken, Grace

Partner
CAS Malaysia PLT

Najihah Khalid

Partner
Ernst & Young PLT

Cheah Pooi Lin, Esther

Quality Assurance & Technical Partner
Baker Tilly Malaysia

Tan Hooi Shin, Silvia

Partner
Technical & Corporate Affairs Grant Thornton Malaysia

Datuk Wong Kay Yong

Head, Investigation & Enforcement Division, Group Regulations
Bursa Malaysia Berhad

Tan Lay Khoon

Corporate Surveillance & Governance Division
Bursa Malaysia Berhad

Lee Yee Keng

Partner
KPMG PLT

Chua See Guan

Partner
KPMG PLT

Rejeesh Balasubramaniam

Partner
BDO PLT

Francis Xavier Joseph

Partner
Mazars Malaysia

Sukhsharan Kaur

Director, Capital Markets and Accounting Advisory Services
PricewaterhouseCooper

Soo Hoo Khoon Yean

Managing Partner
PricewaterhouseCoopers

Dr. Zubir Azhar

Chairperson of Accounting/Senior Lecturer
School of Management Universiti Sains Malaysia