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MIA issues TECH03/10 on applicability of GAAS
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The Malta Institute of Accountants has today issued an Information Paper entitled TECH03/10 Generally Accepted auditing standards as defined under the Accountancy Profession Act (subsidiary legislation).
The “Accountancy Profession (Accounting and Auditing Standards) Regulations, 2009”, enacted by virtue of Legal Notice 19 of 2009, lay down important changes to the definitions of “generally accepted accounting principles and practice” (see MIA Information Paper TECH 01/09) and “generally accepted auditing standards”.
The scope of the Information Paper issued today is to give guidance on the application of the new definition of generally accepted auditing standards and the implications arising therefrom, as well as to clarify potential issues arising from this new definition.
The Information Paper is freely downloadable by Members and Students from the ‘Briefing Notes’ e-library.
To access the Institute’s e-libraries click here.
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