Interest Areas for MIA Members
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Interest Areas for MIA Members
Audit & Assurance - including, but not limited to, activities relating to the conduct of an audit, or assurance engagements other than an audit of financial statements. Such activities will normally relate to: 
  1. International Standards on Auditing; 
  2. International Standards on Review Engagements; 
  3. International Standards on Assurance Engagements; 
  4. Standards and Technical Releases of an audit or assurance nature, that may be issued from time to time by the MIA or the Accountancy Board; 
  5. The performance of audit and assurance procedures;
  6. Internal audit; 
  7. The design, implementation and testing of internal controls;
  8. Computer-assisted-audit-techniques (CAATs);
  9. Information systems audit;
  10. Laws and regulations relevant to the audit process, not otherwise falling under (1) above;
  11. Duties and responsibilities of members of audit committees; 
  12. EU directives on the subject matter.

Business and Financial Management (including Corporate Finance)
  1. Business and management support; 
  2. Financial management; 
  3. Management accounting;
  4. Corporate governance;
  5. Corporate finance; 
  6. Pensions; 
  7. IT & MIS; 
  8. Liquidation & insolvency; 
  9. Succession & estate planning;  
  10. Mergers and acquisitions;
  11. Restructuring. 

Ethics, Legal & Regulatory - including, but not limited to, activities relating to the following legislation:
  1. The Accountancy Profession Act;
  2. The Accountancy Profession Regulations (Subsidiary Legislation 281.01 of the Laws of Malta);
  3. Directives that may be issued from time to time by the Accountancy Board;
  4. The Prevention of Money Laundering Act and the Prevention of Money Laundering and Funding of Terrorism Regulations; 
  5. The Financial Services Act; 
  6. The Companies Act;
  7. The Lotteries and Gaming Act;
  8. The Company Service Providers Act;
  9. The Insurance Business Act and the Insurance Intermediaries Act; 
  10. The Trusts and Trustees Act;
  11. The Investment Services Act;
  12. The Banking Act. 

Financial Reporting - activities mainly dealing with: 
  1. Financial accounting and reporting  standards including International Financial Reporting Standards, International Accounting Standards, - interpretations issued by the International Financial Reporting Interpretations Committee (IFRIC), and the Accounting Profession (General Accounting Principles for Smaller Entities) Regulations (Subsidiary Legislation 281.03 of the Laws of Malta; 
  2. Standards or Guidance Notes of a financial accounting nature, that may be issued from time to time by the MIA or the Accountancy Board; 
  3. Training on specific areas that fall under the financial accounting umbrella, such as Net Asset Value computations, preparation of consolidated financial statements, impairment provisioning, and similar areas; 
  4. EU directives on the subject matter. 

Financial Services
  1. Insurance;
  2. Banking; 
  3. Investment management; 
  4. Fiduciaries and trustees;
  5. Matters of direct relevance to the accounting profession (responsibilities of auditor in banking rules, etc.)

Taxation - including activities that relate to: 
  1. The Income Tax Acts; 
  2. The Value Added Tax Act; 
  3. Duty on Documents and Transfers Act; 
  4. Other tax legislation and updates thereon; 
  5. The provision of tax advice;
  6. Tax planning and structuring; 
  7. Tax compliance;
  8. Double taxation treaties; 
  9. Relevant case-law; 
  10. EU directives on the subject matter. 
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