In Malaysia, only an approved company auditor can be appointed as a company auditor.

An approved company auditor is an MIA member with a practising certificate who has passed an audit interview conducted by the Accountant General’s office and obtained approval from the Ministry of Finance (MOF) pursuant to Companies Act 2016.

‘The MOF then has delegated its power to approve the application of company auditors under Section 263 of the Companies Act 2016, to the Accountant General (AG).

Eligible persons who wish to apply to be an approved company auditor are required to submit their application with AG and sit for and pass the interview with the Committee for the Approval of Company Auditors.

Each approval is only valid for two years and is renewable every two years.