Apakah itu Professional Indemnity Insurance ?

Every professional takes great pride in his work and strives to do his best but accidents are unexpected. An inadvertant error in professional services may cause severe financial impact.

Professional Indemnity Insurance is meant to cushion the impact of such losses by providing protection to the professional.

Under Section 510 of the MIA By-Laws (On Professional Ethics, Conduct and Practice), every MIA member in public practice is required to obtain Professional Indemnity Insurance with a minimum coverage of RM250,000 for each member/partner practice through which that member practices upon commencement of public practice.

The Malaysian Institute of Accountants (MIA) has appointed Marsh Insurance Brokers (Malaysia) Sdn Bhd as the insurance broker and consultant with regards to the MIA Professional Indemnity Insurance Scheme (PII) with effect from 1st July 2005. The PII Scheme is underwritten by ACE Jerneh Insurance Berhad (ACE Jerneh) (formerly known as Jerneh Insurance Berhad).

Ini bermakna mana - mana akauntan yang berdaftar dengan Malaysian Institute of Accoountants (MIA) dan menjalankan praktis atau menawarkan khidmat profesional seperti khidmat akaun ,GST, audit, company secretary serta khidmat konsultansi yang lain, mereka wajib memiliki insuran untuk melindungi khidmat mereka. Oleh itu, sekiranya anda ingin mengambil khidmat profesional khususnya khidmat akaun, GST, audit dan company secretary , pastikan mereka yang menawarkan khidmat ini bukan sahaja berdaftar dengan MIA tapi yang mempunyai daftar AFxxx, NFxxx dan memiliki professional indemnity insurance.

Siapa Audit Oversight Board ni ?

The Audit Oversight Board (“AOB”) is established under Part IIIA of the Securities Commission Act 1993 (“SCA”) which came into force on 1 April 2010 to promote and develop an effective audit oversight framework and to promote confidence in the quality and reliability of audited financial statements in Malaysia.

Dengan kejatuhan firma -firma yang bereputasi besar dan berita - berita mengenai penipuan, telah menimbulkan keresahan berkenaan dengan kredibitli penyata kewangan yang diaudit.

Oleh itu Audit Oversight Board (AOB)telah ditubuhkan sebagai badan audit yang bebas untuk melihat kepentingan awam dan memastikan rangkakerja juruaudit di negara ini sama tinggi dan setanding dengan piawaian antarabangsa.

Jumlah terhutang daripada Pengarah

Loans or Advances to Directors by the Company - Section 140B of ITA
1967
Section 140B of ITA 1967 provides that where a company gives loans or
advances to its directors without interest or with interest below arm's length, the
company is deemed to have a gross income consisting of interest from such
loans or advances. This interest is taxable under paragraph 4(c) ITA 1967. The
determination of the interest income is based on the formula provided under
section 140B.

This provision applies to loans or advances to a director defined under
subsection 75A(2) ITA 1967. The provision is only applicable for loans and
advances which are finance by internal funds and not applicable for those
financed by external funds or third parties.
This provision is effective from the year of assessment 2014. However, if the
basis period of a company for the year of assessment 2014 is starts in
2013 the recognition of interest income for the purposes of section 140B
is the interest on the outstanding loans or advances beginning from
1/1/2014.

Example
A Sdn Bhd closes its accounts on 30 April each year. For the accounting period
1 May 2013 to 30 April 2014 (year of assessment 2014), the company granted
interest-free loans to the its directors on 1/7/2013 amounting to RM50,000. The
directors did not make any repayments throughout the whole accounting period
for the year of assessment 2014.
For purposes of section 140B, the interest income of the company for the
year of assessment 2014 is computed on the balance of the loan for the
period 1/1/2014 to 30/4/2014 only. The interest rate charged is based on the
Average Lending Rate (ALR) as published monthly by Bank Negara Malaysia
on its website at www.bnm.gov.my.

Ini bermakna mana - mana syarikat yang memberi pinjaman atau pendahuluan kepada Pengarah,
Baki yang tinggal akan dikenakan faedah, dan faedah ini adalah pendapatan kepada Syarikat
dan akan dikenakan cukai.

SURUHANJAYA SYARIKAT MALAYSIA (SSM) PANTAU KES PENIPUAN SKIM PELABURAN

Kuala Lumpur, 29 April 2015 - Suruhanjaya Syarikat Malaysia (SSM) ingin merujuk kepada laporan media berhubung ahli perniagaan bergelar Datuk yang sedang diburu oleh Polis Diraja Malaysia dan Kerajaan Thailand kerana disyaki menjadi dalang kes penipuan skim cepat kaya membabitkan lebih dari 100,000 mangsa di seluruh dunia.

SSM sedang memantau syarikat yang dikaitkan dengan ahli perniagaan tersebut dan akan mengambil tindakan penguatkuasaan yang sewajarnya sekiranya didapati syarikat terbabit melanggar sebarang peruntukan Akta Syarikat 1965 termasuk mengambil tindakan menggulungkan syarikat berkaitan jika didapati operasi yang dijalankannya adalah menyalahi undang-undang di Malaysia.

SSM memandang serius penglibatan syarikat yang diperbadankan di bawah Akta Syarikat 1965 dalam penganjuran skim pelaburan haram. Dalam konteks ini SSM sentiasa komited dalam memastikan kepentingan orang awam terpelihara melalui penguatkuasaan undang-undang yang ditadbir urus olehnya.

Dalam masa yang sama SSM mengingatkan orang ramai agar sentiasa berhati-hati sebelum menyertai sebarang skim pelaburan yang menjanjikan pulangan tinggi bagi mengelakkan ditipu dan mengalami kerugian dengan menyemak terlebih dahulu latar belakang penganjur.

Bagi pengesahan status syarikat, orang ramai boleh datang secara peribadi ke pejabat SSM yang berdekatan, menghubungi Pusat Panggilan SSM di talian 03 77214000 atau melalui e-mel enquiry@ssm.com.my atau mengunjungi laman web www.ssm.com.my.

DIKELUARKAN OLEH : SURUHANJAYA SYARIKAT MALAYSIA (SSM)
TARIKH : 29 APRIL 2015