Ethical Challenges in Today’s World

Accounting scandals all over the world have resulted in authorities increasing regulations and oversight on professional accountants. Professional accountants, as stewards of transparency and trust, have a key role to play and need to have sound ethics to provide effective financial reporting and gain stakeholders’ confidence.

As part of the Malaysian Institute of Accountants’ continuous effort to uphold and encourage ethical behaviour, the Institute is pleased to invite you to a forum discussing challenges faced by both professional accountants in business and in public practice. This event offers members an opportunity to keep themselves abreast of the latest updates on ethics standards (MIA By-Laws On Professional Ethics, Conduct and Practice), and provide members with a forum to discuss ethical dilemmas by weighing the potential impacts and outcomes.

Professional accountants with ethical behaviour will be able to reinforce ethical practices, promote an ethical culture, foster transparency and trust, enhance the credibility of financial reporting and present a sustainable organisation to stakeholders.

This complimentary event will be an interactive session with the opportunity for knowledge sharing, learning best practices, staying connected with the profession, and helping you to be more conscious and well equipped when moving ahead in this highly competitive profession.

The need for succession planning, client growth and staff talent continues to drive the desire for mergers and acquisitions among accounting firms.

Many firms viewed mergers and acquisitions (M&As) as a method for acquiring partner and staff talent and for achieving strategic objectives such as entering new markets and service offerings, other than as a means of acquiring clients. Interestingly, M&As have also becoming increasingly popular as an exit strategy for retiring partners.

On the other hand, some accounting firms believe they would not survive without a national or international affiliation, others have apparently never considered the option of joining. Are some firms missing out on an opportunity? Why should a CA firm join a national or global accounting network?

The Merger, Acquisition and Affiliation Seminar will be an ideal platform for member firms who would like to explore the option of merger, acquisition and affiliation in the face of globalisation and recent legislative changes such as the introduction of Limited Liability Partnership (LLP) and the possibility of introducing audit exemption in the near future. Smaller practices should consider the possibility of M&A or affiliation if they are to remain competitive in this marketplace.

This seminar will highlight the areas that should be observed pre-M&A, during M&A and post M&A. The case study of a prominent accounting firm’s M&A will be presented to share insights on vital factors for successful implementation.

14 April 2015, Tuesday | 9.00 a.m. - 5.30 p.m.Malaysian Productivity Corporation (MPC)

Dewan Produktiviti, Southern Region OfficeNo. 8, Jalan Padi Mahsuri, Bandar Baru UDA, 81200 Johor Bahru, Johor

COMPLIMENTARY SEMINARS

Merger, Acquisition and Affiliation of Accounting Firms:

A Market Update

and

ETHICAL CHALLENGES IN TODAY’S WORLD

MERGER, ACQUISITION AND AFFILIATION OF ACCOUNTING FIRMS: A MARKET UPDATE

Ethical Challenges in Today’s World

Programme

8.00 a.m. Registration

9.00 a.m. Welcome AddressChan Siew Mei, Member, MIA Ethics Standards Board

9.05 a.m. Overview of the MIA By-LawsChong Chen Kian, Director, MIA Professional Standards and Practices

9.25 a.m. Ethical Challenges in Today’s World Panel Speakers:1. Mohd Nizam Mohd Ali, Director for Private

Sector, Malaysian Institute of Integrity2. Huang Shze Jiun, Partner, Baker Tilly HYT3. TBA

Questions and Discussion:Moderated by Chan Siew Mei, Member, MIA Ethics Standards Board

10.40 a.m. Coffee Break

11.10 a.m. Living Ethics1. Chan Siew Mei, Member, MIA Ethics Standards

Board2. Mohd Nizam Mohd Ali, Director for Private

Sector, Malaysian Institute of Integrity3. Suzana Mohd Hulaimi, Assistant Manager, MIA

Professional Standards and Practices

12.45 p.m. Closing RemarksDebrief by Chan Siew Mei, Member, MIA Ethics Standards Board

1.00 p.m. Lunch

2.00 p.m. End of Programme

COMPLIMENTARY SEMINARS

14 April 2015, Tuesday | 9.00 a.m. - 5.30 p.m. | Dewan Produktiviti, Malaysian Productivity Corporation, Johor Bahru

Merger, Acquisition and Affiliation of Accounting Firms: A Market Update

Programme

1.00 p.m. Registration

2.00 p.m. M&A as a Growth Strategy: A Case Study of Tricor VietnamLim Chor Ghee, General Director, CEO of Tricor Vietnam Co., Ltd

Tricor Group is one of the prominent accounting firms that has successfully embarked on a growth strategy by undertaking cross-border merger and acquisition exercises. The prolific speaker, Mr Lim Chor Ghee, who has successfully merged his consulting and accounting practice in Vietnam into Tricor Group, would share with you his ideas and strategies, as well as experience on pre, during and post M&A exercises. Prior to merging with Tricor Group, his Vietnamese accountancy practice joined an international affiliation and subsequently a global network – he shall compare and contrast the experience of working with such international membership vis-à-vis M&A.

3.15 p.m. Affiliation with Local and International Network: A Pre-M&A Strategy? Dato’ Raymond Liew, President, McMillan Woods

The time is never right but certainly with the evolutionary changes in the accounting profession, it is timely for you to get-together and to take advantage of the many opportunities to embark in a strong affiliation arrangement with your fellow peers for growth potential. Using the affiliation tools to build a solid foundation for global growth and subsequently progress into a merger arrangement might be a long term strategy.

4.30 p.m. Questions & AnswersDato’ Raymond Liew and Lim Chor Gee

5.00 p.m. Networking Coffee

5.30 p.m. End of Programme

Speakers

DATO’ RAYMOND LIEWPRESIDENT, MCMILLAN WOODS

Dato’ Raymond Liew is a Chartered Accountant and holds a Master degree from Henley Management College, United Kingdom, a corporate advisor with many years of extensive work experience with professional firms and multi-national companies in brand repositioning, corporate advisory, insolvency, Mergers & Acquisitions to include corporate tax planning, investigative reviews and VAT/GST related exercises; and has since assisted in numerous corporate turnarounds and related due diligence corporate exercises. Tax Institute of Malaysia, and a Chartered Member of the Institute of Internal Auditors.

Dato’ Raymond Liew is the President of McMillan Woods Global, an independent member firm of McMillan Woods Global network of which the global Head Office is based in London, United Kingdom.

With his extensive work knowledge, Dato’ Raymond Liew is a regular writer of technical articles and a frequent speaker at various professional seminars, conferences and training programmes. He is a Trustee of the Malaysian Accountancy Research & Education Foundation (MAREF) and was a Council member of the Malaysian Institute of Accountants (MIA) and the Chartered Taxation Institute of Malaysia (CTIM). He is also an adjudicator for the National Annual Corporate Report Awards (NACRA) for the past many years, which national award is jointly organised by both MIA & MICPA.

Dato’ Raymond Liew, under the flagship of McMillan Woods Global, which network is one of the pioneer global networks to recognise the industry stalwarts – the crème de la crème global leaders. He also represents several organisations, both local and international in their quests for global prestigious award recognition, as their honorary panel of judges, Chief Judge and adjudicators.

McMillan Woods Global in playing its pivoted role in the Corporate Social Responsibility (CSR) initiative programme also acts as honorary Auditors and Tax Advisors to a number of charity organisations and has continued to pledge a substantial financial contribution to various charitable organisations each year.

LIM CHOR GHEECHIEF EXECUTIVE OFFICER, TRICOR VIETNAM CO., LTDMBA(HW), MINTS (SYD), MABP(UNISA), PCEB (USQ), BCOMM(MELB)CPA(AUST), CA(M’SIA), ATII, AIB(USA)CERTIFIED TRAINING PROFESSIONAL (ARTDO-ITD)

Through his 22 years of corporate, consultancy and training involvements in South East Asia and East Asia, Chor Ghee has acquired extensive experience in foreign direct investment advisory, strategic planning and foreign market entry, as well as structuring and managing cross border strategic alliances and joint ventures.

Operating within a business group with more than 230 staff, Chor Ghee co-founded Indochina Link Pte Ltd (Singapore), Peligo Link Sdn Bhd (Malaysia), IMM Group (Vietnam), and KH Advisory / Vietvalues Audit (Vietnam). He merged his consulting and accounting practice in Vietnam into Tricor Group and assumes the role of the General Director / CEO of Tricor Vietnam Co., Ltd since June 2014. Chor Ghee is primarily involved in the business development and marketing of professional accountancy, outsourcing and advisory services, financial advisory for business migration, business matching and investment facilitation, and organizing conferences / workshops.

Prior to starting his business ventures, Chor Ghee worked in professional practice and commerce. He started his accounting and advisory career with Coopers & Lybrand / Price Waterhouse in Kuala Lumpur from 1993-1996. He then joined Star Cruises Limited (Hong Kong-listed hospitality and leisure group) as an accountant and left as the Group’s Vice President (Legal and Corporate Affairs) in 2002. During his tenure, he managed legal, taxation, and corporate affairs for the group’s business operations that spanned more than 15 countries.

Chor Ghee is a professional member of CPA Australia, National Association of Certified Valuators and Analysts (USA), Academy of International Business (USA), Malaysian Institute of Accountants, and Chartered Institute of Taxation (Malaysia).

He holds several academic qualifications from distinguished universities - Master of Business Administration (Distinction) degree from Heriot Watt University, Master of International Studies (in Political Economy and International Relations) degree from the University of Sydney, Postgraduate Certificate in Electronic Business from the University of Southern Queensland, and Bachelor of Commerce degree from the University of Melbourne. He was a doctorate candidate with the University of South Australia until 2008 and was awarded the Master of Advanced Business Practices degree after completing several stages of the research program.

Passionate in developing young professional talents as well as contributing to the advancement of professionalism in accountancy and finance, Chor Ghee serves as an Adjunct Professor in Business Finance with the Management & Science University (MSU) of Malaysia, and is a visiting MBA faculty in accounting and finance with the University of Economics of Ho Chi Minh City (UEH-ISB) and Centre Franco-Vietnamien de formation à la Gestion (CFVG) in Vietnam.

CHAN SIEW MEIEXECUTIVE DIRECTOR, DEAL ADVISORY, TRANSACTION SERVICES, KPMG

Position:• Head of Transaction Services, KPMG Malaysia• Head of Private Equity, KPMG Malaysia• Ethics and Independence Partner, KPMG Malaysia

Education and Qualification:• Member of the Malaysian Institute of Accountants• Member of the Malaysian Institute of Certified Public

Accountant

Experience:• Siew Mei joined KPMG Malaysia’s Assurance division

in 1986 and moved to the Transaction Services practice in 2000

• In Transaction Services, she has worked on assignments for multinationals investing locally and abroad, specialising in deal evaluation (due diligence), deal advisory and project management

• Siew Mei assumed the role of Ethics and Independence Partner effective January 2014.

HUANG SHZE JIUNPARTNER, BAKER TILLY HYT

Mr. Huang Shze Jiun, has 15 years of working experience in the field of accounting and finance more than half of which has been in public practice. He started his career with PricewaterhouseCoopers. He then joined the corporate finance department of AmInvestment Berhad prior to commencing public practice with Huang Yan Teo & Co. In 2014, Huang Yan Teo & Co. joined the Baker Tilly network of firms which is the 6th largest in Malaysia and 8th largest in the World.

He is currently a partner of Baker Tilly HYT and is a licensed company auditor, tax agent and GST Agent. He sits on the

Public Practice Committee, Practice Review Committee and is also the current Johor Regional Chairman of the Malaysian Institute of Accountants.

He holds a Bachelor of Commerce from the University of Western Australia and a MBA from the University of New England, NSW. He is a member of the Malaysian Institute of Accountants, a fellow member of the Association of Chartered Certified Accountants, a member of the Chartered Tax Institute of Malaysia and a member of CPA Australia.

MOHD NIZAM ALIDIRECTOR FOR PRIVATE SECTOR, MALAYSIAN INSTITUTE OF INTEGRITY

Nizam is a Director for Private Sector at the Malaysian Institute of Integrity since 2004. He implements the National Integrity Plan by engaging the economic institutional stakeholders in corporate governance, ethical business conducts and corporate responsibility areas. Some of his integrity-themed publications on the anti-corruption and ethics advocacy topics are used as referred texts in modular integrity programs i.e. Proceedings of the World Ethics and Integrity Forum: Building Trust and International Cooperation in Strengthening Integrity (2005), Good Governance For Development: Private Sector Perspectives (2005), Corporate Social Responsibility:

Our First Look (2007), Business Ethics - Towards Enhancing Corporate Integrity and Business Ethics: A Practical Guide For Malaysian Companies (2008) and The enhancement of integrity and anti-corruption measures: a public-private partnership perspective (2011). He welcomes like-minded professionals and practitioners to join his Corporate Integrity System Malaysia growing network of integrity champions via email: swasta@iim.org.my. He has edited some integrity-themed publications throughout his current tenure.

CHONG CHEN KIANDIRECTOR, MIA PROFESSIONAL STANDARDS & PRACTICES

Chen Kian heads the Professional Standards and Practices division of the Malaysian Institute of Accountants (MIA). He has more than 15 years of experience with KPMG auditing public listed and multi-national companies, including 2 years with KPMG in the UK. Other than audit, Chen Kian is involved in providing accounting advisory services such as accounting standards conversion and implementation projects, and reporting accountants work in capital market transactions. Chen Kian also serves in technical committees and working groups of the MIA and the Malaysian Accounting Standards Board (MASB), as well as formerly an adjudicator for the National Annual Corporate Report Awards (NACRA).

REGISTRATION FORM

FOR ENQUIRY AND REGISTRATION

COMPLIMENTARY SEMINARS14 April 2015, Tuesday | Dewan Produktiviti, Malaysian Productivity Corporation, Johor Bahru

Contact: Ms. Hanem / Ms. MainagaTel: 07-227 0369 | Fax: 07-222 0391

Email: miajbu@mia.org.myMIA Johor Regional Office

Malaysian Institute of Accountants5.03A, 5th Floor Menara TJB, 9, Jalan Syed Mohd Mufti

80000 Johor Bahru, Johor

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TERMS & CONDITIONS

1. The Complimentary Seminars organised by MIA is free of charge and open for MIA members only.2. The registration for the Complimentary Seminars shall only be made online and walk-in participants shall not be entertained.3. The online registration for the Complimentary Seminars shall only be confirmed upon issuance of the Confirmation Notice by MIA.4. Each MIA member may only register and attend a maximum of two (2) Complimentary Seminars in one (1) calendar year.5. Only two (2) participants from each organisation shall be allowed to register and attend the Complimentary Seminars at any one time.6. MIA shall reserve the right to:

(a) not accept any registrations for the Complimentary Seminars; and(b) deny entry to the Complimentary Seminars,based on its discretion and any decisions made by MIA with regard to the above rights shall be final.

PROGRAMME OPTIONPlease tick the seminars you wish to attend (registration for both seminars is allowed).

PARTICIPANTS’ DETAILSPlease tick in the box, if applicable.

Ethical Challenges in Today’s World | 9.00 a.m. - 1.00 p.m. (4 CPE hours)

Merger, Acquisition and Affiliation of Accounting Firms: A Market Update | 2.00 p.m. - 5.30 p.m. (3 CPE hours)