Certain Information Taken from MIA's Website [https://mia.org.my/]
In Malaysia, only an approved company auditor can be appointed as a company auditor.
To act as an approved company auditor, the individuals signing the auditor's report must be a member of a professional regulatory body (Malaysian Institute of Accountants) 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) under 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 approved company auditors must 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.
Application Requirements (Until 31st March 2023)
The requirements to become an approved company auditor are as follows:-
The applicant has either:
passed the Final Examination of Part I of the First Schedule of the Accountants Act, 1967; OR
admitted as a member of any of the recognised bodies specified in Part II of the First Schedule of the Accountants Act, 1967;
Applicant must be a member of the MIA and registered as a “Chartered Accountant”;
Applicant must hold a valid practising certificate issued by MIA. The practising certificate is only valid for 6 months. Therefore, it is advisable to submit the audit licence application immediately after you obtain the practising certificate;
Applicant must have five (5) years of accumulative working experience on a full-time basis, which can be either Pre- & Post- MIA membership, but:
at least one (1) year upon being a MIA member;
at least three (3) years out of the five (5) years of experience must be in audit practice; and
one (1) year of practice (out of the above three (3) years) in an audit supervisory role. Audit supervisory means overseeing, managing and controlling audit consulting engagements, including preparing financial reports and audit planning.
The first-time applicant is required to attend the Public Practice Programme organised by MIA. The certificate of attendance must be valid during the application;
The applicant who possesses the relevant auditing experience but is no longer in an audit practice is still eligible to apply at the point of submission if they have:
left the Audit Practice within three (3) years from the date of application; or
left the Audit Practice for more than three (3) years but has at least one (1) year of recent working experience in audit practice within the Malaysian environment before submitting the new application.
Applicants having experience in audit firms in other countries can also be considered, provided they have at least one (1) year of recent working experience in audit practice within the Malaysian environment on a full-time basis.
Application Procedures
Applicant must do the following:-
register as an individual in the Business Licensing Electronic Support System (BLESS) through http://www.bless.gov.my/bless;
proceed to apply for audit approval through BLESS;
submit Certified True Copies of all the relevant certificates as well as a valid Practising Certificate;
attach a sponsor letter from an accountant holding a valid audit licence still in force; and
pay RM500/- using the e-payment module upon passing the interview session.
Processing of audit licence interview takes about one to two (1-2) months. The Accountant General’s Department of Malaysia will inform applicants two (2) weeks before the interview.
An email will be issued to the applicant within fourteen (14) working days from the date of the interview to notify the result.
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 the AG and to sit for and pass the interview with the Committee for the Approval of Company Auditors, which comprises of:
Deputy Accountant General (Corporate) – Chair
Director of Bahagian Pembangunan Perakaunan dan Pengurusan (BPPP), AG – Alternate Chair
A representative from Suruhanjaya Syarikat Malaysia (SSM)
A representative from the Malaysian Institute of Accountants (MIA)
A representative from the Securities Commission (SC)
A representative from Bank Negara Malaysia (BNM)
The Secretariat of the Committee is Unit Kemajuan Profesion, Bahagian Pembangunan Perakaunan dan Pengurusan (BPPP) from the AG’s office.
Before the Interview - Preparation
Attend the Webinar/Seminar for Approved Company Auditors.
In this seminar or webinar, representatives from AG, MIA, SSM, SC, and BNM will discuss the interview's conduct, the interview, the scope of the interview, and tips on how to answer the interview questions. Applicants are strongly urged to attend this seminar or webinar.
During the session, successful applicants will be allowed to speak about their experiences and offer advice on how to do well in interviews.
To register for the seminar, you can check the MIA Professional Development micro website for details of the upcoming workshop.
1. Event Registration for MIA Webinar Series: Interview For Approved Company Auditors
14 Dec 2022 to 14 Dec 2022
Microsoft Teams Virtual Meeting: WP Kuala Lumpur
Objective: This programme prepares candidates for the interview process and the competency expectations of the interview panel. It also highlights the auditors’ role in various legislations such as the Capital Market and Services Act 2007, Bursa Listing Requirements, Financial Services Act 2013 (FSA) and Islamic Financial Services Act 2013 (IFSA), Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001, Unclaimed Monies Act 1965 and Companies Act 2016 and the latest developments in the market that affect the audit profession.2. Event Registration for eLearning - MIA Public Practice Programme
Objective: To facilitate the change of mindset (from an employee to an entrepreneur) and ensure that members have considered important matters, before entering public practice. 
Browse through the regulators’ websites for the latest developments
Auditors are held to the standard of always remaining updated on the most recent upgrades and developments that pertain to their profession.
You would also benefit from doing this in terms of preparing for any questions that might be asked during the interview.
Scope of the Interview
Every agency has a predetermined range of questions that, in the most basic sense, encompass the most significant laws and regulations that pertain to the auditing profession.
Having this information at your disposal would make your preparations much easier. I'd like to point out that attending the Webinar or Seminar for Approved Company Auditors will provide you with the most up-to-date information regarding the scope of the interview.
Take leave to study thoroughly, cover the entire interview scope and update your knowledge on practical issues
If you wait until the last minute to prepare, you risk feeling overwhelmed by the topics that need to be covered as well as the time and effort required, which can produce unneeded nervousness during the interview.
In addition, you can also use this time to learn more about the most recent accounting and auditing standards and any relevant legislation associated with the profession.
Mock Interview Session
It would be best if you asked a partner at the audit firm where you currently work, a colleague, family member of your family to help you practise for an interview by conducting a mock session with you.
This activity may, in addition to determining your level of readiness, help you feel more confident and, as a result, less anxious.
Plan for the Interview Day
After a date has been assigned, it is crucial not to forget the interview and to prepare for it by thinking about when to apply for time off, when to go to the interview site, and what to wear.
While such concerns may not seem important, it is important to remember that even the most minor details can divert your attention before an interview.
Final Checklist
Make sure that you run through the following checklist a few days out from your interview:
Have you addressed the scope of the questions these agencies, namely MIA, SSM, SC, and BNM, will ask you?
Have you thought about your goals, values, and skills; and how they match your career?
Have you identified the time and place of the interview and the best method to get there?
Have you practised answering common interview questions? Could you take, for instance, your opening statement?
Have you prepared an appropriate interview outfit?
The Night before Your Interview
Could you read through your notes one last time?
Know the route you will take to the location and how much travel time you will need.
Build in additional time to ensure you arrive on time.
Make sure to dress professionally.
The Day of the Interview
REMEMBER TO…
Be on time! Arrive at least 60 minutes early.
Bring the supplies you prepared the night before your interview.
Be considerate and polite to ALL staff members you meet in AG Office.
Turn off all mobile devices.
Avoid any scents or jewelry that may be distracting to the interviewers.
Please don't forget to discard any chewing gum or breath mints before your interview.
Be enthusiastic and smile!
During the interview
Approximately fifteen to twenty minutes will be allotted to each interviewer.
As a result, if you don't know the answer, there is no point in dancing around the issue because the time you spend doing so could be better spent responding to other questions.
Please let the interviewer know that you are unsure of the response so that they can go on to the following question.
Now that you are prepared to participate in the interview, the following is a list of advice that you may take into consideration while you are there:
Listen carefully to the interviewers.
Ask to repeat a question if it needs to be clarified.
Make sure you answer the question your interviewer is asking clearly.
Make connections between the questions you're being asked and the knowledge, experience, and abilities you already possess.
But, your responses must be in accordance with the laws, regulations, or standards because a particular method applicable in everyday life sometimes differs from the correct answer.
Consider providing specific examples when possible using the SARA method (Situation, Action, Result, Application).
Your training and experience have positive facets; you should concentrate on those. You don't need to apologise for any lack of expertise or background that may be perceived.
BODY LANGUAGE
Your posture, eye contact, and hand gestures contribute to your impression of the interviewer. The following examples of proper body language and behaviour may help you assess your presentation:
POSTURE: Your posture can convey confidence or insecurity. Sit up straight to send a message that you are comfortable and confident.
EYES: Please make eye contact with your interviewer and others in the room. If you focus all your attention on one person, you may refrain from engaging other interviewers.
HANDS: Use your hands to express yourself in moderation.
LANGUAGE: Be specific and to the point. You should avoid using filler words such as um or like when transitioning between phrases or sentences. Do not ramble. Stop talking as soon as you've made the point you wanted to! It is acceptable to maintain silence.
After the Interview
After 14 days since the interview, you will be able to see your result through the bless portal.
While unsuccessful candidates will be advised of the waiting period that will apply to them, successful candidates will be given information on how to apply for the audit licence certificate.
Also, you will receive a notification via email letting you know that your result can be seen on the portal.
Tuan/Puan,
Untuk makluman, temuduga kelulusan sebagai Juruaudit Syarikat yang telah tuan/puan hadiri pada 14 Disember 2022 adalah Berjaya / Lulus.
Sehubungan itu sila buat pembayaran melalui E-payment (Online Banking Transaction-FPX) bagi memudahkan JANM untuk memproses Sijil Kelulusan Juruaudit tuan/puan dan MAKLUMKAN kepada kami sekiranya pembayaran telah dibuat (hilary.sut@anm.gov.my/03-88821031) bagi memudahkan JANM memproses nombor kelulusan tuan/puan untuk tujuan mendapatkan borang di bawah Seksyen 265(4)/(265(1) Akta Syarikat 2016 di Suruhanjaya Syarikat Malaysia.Passing Marks and Waiting Period for Subsequent Interviews
To become an approved auditor, a candidate must complete all of the modules, including MIA, SSM, SC, and BNM, to receive a passing grade overall.
The minimum required score to pass each module is 60%.
No matter how many modules a candidate had previously failed, they would have to start the application process from scratch and go through the same interview with the same panel, which would consist of members from the MIA, SSM, SC, and BNM.
Marginal Fail in 1 Module
However, suppose a candidate failed only one module with a score between 50% and 59%. In that case, the candidate is permitted to retake only the module in which they performed poorly within three months of the date on which they received the letter with their results.
If the candidate fails the interview for a second time, they will be required to go through an entirely new interview procedure if they want to be considered for the role of an approved auditor.
Effective from January 2021, the waiting periods for reapplication have been revised as follows:
Keep going even if the interview results are not favourable to you on the first try, even though it would be fantastic if you passed it on the first try. I want you to please maintain your current level of effort so that you can succeed on the following test.
Approval in Principle as Company Auditor
Approved applicants are required to set up an audit firm within six (6) months from the date of the Letter of Approval, or approval will be void if they fail to do so;
If the applicant intends to become a partner for any audit firm, he must do so in three (3) months from the date of the Approval Letter; and
Approved applicants must also submit one (1) copy certified form under Section 265(4) of the Companies Act 2016 by the Malaysian Companies Commission before obtaining an approval certificate from the Company's Auditor.
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