The MIA International Accountants Conference 2021 is the apex of MIA's learning development initiatives, designed to transform accountants and the profession for future relevance to business sustainability and nation building. In three content-rich days, delegates will be enlightened on how the profession can create and add value through our core competencies and ethics, towards a more inclusive and equitable world.
Download the MIA International Accountants Conference 2021 brochure here.
Download the MIA International Accountants Conference 2021 fee here.
Participants login to join the Conference (Day 1)
Welcoming Address by CEO of MIA
Opening Remark by President of MIA
Keynote Address by Guest of Honour
Following a 4.3% contraction of global GDP in 2020, the World Bank projected that the global economy will expand 4% in 2021, assuming a widespread and rapid COVID-19 vaccine deployment. Nevertheless, recovery is likely to be subdued without decisive policies to tame the pandemic and implement investment-enhancing reforms. In this session, economists, policymakers and heads of international organisations look back at the pandemic’s impacts on the global economy. They also discuss the pivotal role that financial services sectors can play to bolster economic recovery in the post-pandemic landscape.
Networking Break in the Virtual Exhibit Hall: collapse
A stable climate is essential for business resilience, yet the World Economic Forum (WEF) ranked climate action failure as a top risk and existential threat in its Global Risk Report 2021 . Preparers are ideally positioned to influence their organisations to act strategically on climate change risks, by integrating climate information into financial disclosure. This plenary provides guidance on climate disclosure and highlights the impacts of climate-related matters on selected IFRS.
The pandemic ushered in a whole new way of working anchored on remote work technologies, which simultaneously enabled cybercriminals to exploit weaknesses in cyber security and data protection. In this session, chart the sharp rise in data breaches and cyber crime across Southeast Asia, identify common cyber vulnerabilities and concerns afflicting businesses in the region, and get tips on fortifying your cyber defences and remote working practices against relentless cyberattacks.
Lunch & Networking Break in the Virtual Exhibit Hall: collapse
While the pandemic was destructive, the crisis imparted valuable lessons: that companies need to put in place disaster recovery and business continuity plans to pre-empt the risks of potentially disruptive events. Preparation is half the battle, and this session helps you predict the different scenarios and disruptive events that could affect your organisation. Get tips on how to prepare and implement a business action plan with detailed strategies for business continuity to mitigate the impact of severe disruptions to operations.
Islamic fintech plays an essential role in expanding access to finance for businesses and households in crisis, in tune with the Malaysian Government’s Shared Prosperity Vision 2030 that positions Islamic finance and digital economy as drivers for growth. Weaving in lessons from Zakat Touch, BAZNAS and other local and regional fintech operators, this session looks at how Islamic fintech can digitalise rapidly to innovate and reach more customers for inclusive and sustainable growth, despite the ravages of COVID-19.
More effective tax collection and compliance strategies are urgently needed as the government revs up mega-spending to support COVID-19 stimulus packages. This session examines the various reforms needed to expedite the reconstruction of the Malaysian tax system in the wake of COVID-19, including overhauling tax administration, digitalisation of tax systems, seamless data sharing among Government agencies, and regulation of the vast shadow economy.
The past year has seen businesses and their finance functions adapt to challenging circumstances. The new ways of working have certainly transformed finance functions, but to what extent? This session will discuss whether these changes are realisation of plans that were already in existence or if they are new initiatives that finance teams developed rapidly in response to the pandemic. We’ll focus on the technology and competencies that fuelled the transformation; whether these changes will be permanent, if they present longer lasting benefits to the organisation and people in the finance function. We’ll also discuss how finance functions shall take these gains forward.
The global COVID-19 pandemic has taken a toll on everybody physically, financially and mentally, and even triggered post-COVID-19 stress disorder. However, stress can be either a friend or a foe depending on your mindset and attitude. This session discusses how you can alter your approach to stress and reframe anxiety and trauma as positive drivers to bring out the best in yourself and others.
Insolvency has emerged as a top business concern due to the pandemic’s impacts. This session covers the latest global developments in restructuring and mergers and acquisitions (M&A), balanced with local insights into the corporate rescue mechanisms available under the Companies Act 2016. Insolvency experts will share recent cases, the varying legal and tax considerations arising from different M&A and restructuring structures, as well as the options and restructuring strategies that businesses can avail to keep afloat in anticipation of better days.
Networking Break in the Virtual Exhibit Hall
The February 2021 launch of MyDIGITAL and the Malaysia Digital Economy Blueprint aims to create a connected and digitally-driven nation. As financial and strategic advisors to businesses, accountants are exhorted to embrace digital technology to remain relevant and support the nation’s sweeping digital transformation. Find out more about the impacts of MyDIGITAL on accountants and MIA’s initiatives to upskill accountants for relevance in the digital economy.
Unprecedented turmoil in 2020 - exacerbated by the COVID-19 pandemic and ensuing economic crisis, notorious incidents of systemic racism, political instability and an epidemic of misinformation - deepened widespread mistrust of institutions, systems and leaders around the world. Guided by the insights and outcomes from the 2021 Edelman Trust Barometer, this session will assess the implications of mistrust on business, economy and society. The end-goal is to revive public trust to chart a new path forward.
End of Conference Day-1
Participants login to join the Conference (Day 2)
The global tax landscape is changing immensely due to a raft of new and potential developments, such as the controversial US proposal for a global minimum corporate tax of 21% and the ongoing reforms of the OECD/G20 Inclusive Framework on BEPS (base erosion profit shifting) including Pillar One and Pillar Two proposals. In this session, global tax experts will analyse the impact of these developments on corporations and offer sage advice on how to rewrite your corporate tax playbook for this uncertain environment.
Combating COVID-19 called for extraordinary measures. Unsurprisingly, the need for rapid authoritative action can obscure governance processes, weakening accountability and transparency and heightening corruption risks all around the world. This session shares the lessons and best practices from the world’s least corrupt nations as ranked by global anti-corruption indices, and portrays public sector accountants as anti-graft frontliners who enforce good governance in the public interest.
Networking Break in the Virtual Exhibit Hall
As experts in reliable and relevant information for decision making, accountants play a critical role in driving business sustainability. This talk covers the key concepts, frameworks and standards that govern sustainability accounting and disclosure and showcases how CFOs and cross-disciplinary finance teams are spearheading sustainable business. We end by examining global trends for harmonising sustainable reporting standards with financial reporting standards, and how these new information streams can support management in optimising risk controls, innovation, and strategy.
The International Auditing and Assurance Standards Board (IAASB) has approved a new and revised set of quality management standards (ISQM 1, ISQM 2 and ISA 220) for auditors to use around the world, with effect from 15 Dec 2022. To help auditors apply these new standards, this session will emphasise on the key focus areas of correcting audit deficiencies, strengthening firm culture, communicating quality management objectives to audit constituents and the consequences of non-compliance for auditors.
In the new normal of remote work, cloud apps and services are a fundamental tool for companies to stay connected and conduct business as usual. Kicking off by evaluating the complex landscape and challenges of cloud solutions, this session guides businesses on how to select the cloud solutions that best suit their needs and enable greater flexibility, agility, scalability and security in a recovering economy.
The pandemic has accelerated our collective shift to a virtual workplace, where people can safely come together when necessary while connecting and collaborating through technology. This emerging "Human to Hybrid" dynamic envisions that humans will work in a fully digitised and technologically-optimised environment, and increasingly work alongside robots and AI over the next ten years. This session discusses the crucial strategies, IT backbone and technology solutions that must be in place to fuel this workforce transformation over the coming years.
Emotional intelligent leaders are able to harness and control their emotions, and empathise with their people to foster a culture of collaboration, openness and trust within a harmonious environment. This session expounds the benefits of emotionally intelligent leadership and shares how you can harness the five elements of emotional intelligence (self-awareness, self-management, empathy, relationship management, and effective communication ) to inspire the diverse people in your team and organisation to greater heights.
When your home is also your remote office, it can be tough to draw the line between work and leisure, escalating burnout rates. Aimed at both employees and employers, this session imparts advice on how you can reclaim a healthy work-life balance when both activities take place in the same space. Importantly, bosses should emphasise on empathy and compassion and draw clear work-life boundaries to strike a healthy balance between staff wellbeing and organisational productivity.
Lunch & Networking Break in the Virtual Exhibit Hall
Tried and tested in the Global Financial Crisis of 2008, Islamic finance has proven to be resilient, ethical and defensive against shocks to the system due to its intrinsic nature and filters. This session elaborates on how Islamic finance solutions can be repositioned to support a sustainable economic recovery. Then, delve into the various Islamic finance products that can be deployed to raise funds for state spending (such as sovereign sukuk) and to support society’s most vulnerable segments (through waqf, zakat and Islamic microfinance).
The pandemic and its new norms of isolation, remote work and social distancing are escalating the symptoms of burnout, depression and stress. To fix the mental health crisis, the responsibility for employee wellbeing should not be delegated to human resources but taken up as a strategic risk by the board and top management. Empathetic leaders can help talent, manage their stresses and create a healthy work culture, online or offline. Find out why we need to nurture mental health in the workplace and discover best practices for uplifting employee wellbeing in this edifying session.
Networking Break in the Virtual Exhibit Hall
The World Economic Forum’s Global Risks Report 2021 has plotted out the short, medium and long-term risks facing all organisations. Although businesses have been preoccupied with managing the immediate impacts of the COVID-19 pandemic, it is imperative that they also tackle longer-term hazards for future sustainability. This session lays out the risks facing businesses, classified as clear and present dangers (within 0-2 years), medium-term threats (3-5 years) and existential threats (5-10 years), and presents possible strategies for bolstering global resilience.
There is growing and urgent demand of sustainability reporting from various stakeholders including investors, regulators, central banks and the corporate sector. At the same time, there are a wide range of voluntary frameworks and standards available on sustainability reporting such as integrated reporting
End of Conference Day-2
Hyped as a life- and game-changing technology, blockchain’s frothy potential might be validated in 2019 as real use cases prove its utility, whether in traceability for food safety standards (Walmart), crypto-investing offering (Goldman Sachs), and as a defence against cyber-attacks. Track the latest developments in blockchain tech and applications in this session, and determine if your enterprise might benefit from deploying blockchain.
Vincent Lee Hong Fay
Siti Rohana Hj Mohamed Amin
Learning quotient will be a critical competency. All of us when we were growing up made a linear progression from learning at schools to working. We will now have to move to a continuum of lifelong learning, which means we have to be lifelong learners. You have to learn to learn, learn to unlearn and learn to re-learn.
Learn to increase your brain’s creativity, energy and focus. Discover how to become a higher brain performer and habits to keep your brain fit at any age. What the greatest Leaders Possess is Intellect Thinking. Intellect Thinking is about how much mental capacity and cognitive flexibility we possess. Learn how much we can process combinations of verbal height, quantitative width and spatial depth with decisiveness, direction and speed.
V S Ravi
Sharifah Raudhah AlQudsy
In parallel with the global sustainability movement, current Islamic social finance developments leverage on technology to drive shariah-compliant platforms such as waqf, sadaqah, and zakat that enables fundraise for social good. Come explore the latest innovations in Islamic social finance, including sukuk for sustainability, global crowdfunding waqf and blockchain-enabled projects, and chart the way forward.
Matthew J. Martin
Mohd Muazzam Mohamed
Prof Dato' Dr Mohd Azmi Omar
Mohamed Saifudin Ariff
How can companies narrow the trust gap in a climate of prevailing scepticism and mistrust? The finance function is central to earning trust, by enhancing transparency and accountability around numbers and finances. Beyond getting the numbers right, the finance function led by perceptive CFOs can help strengthen internal and external trust by setting an example for process excellence, and bringing risk-aware strategic guidance to business planning.
Jeffrey C. Thomson
Women have made strides in gender parity, thanks in part to affirmative action quotas and diversity policies. Yet board and c-suite positions remain elusive due to biases such as the “mommy penalty” and the “male marriage premium”. This session targets the institutional policies and technologies that companies can embed to create a women-friendly culture, as well as the traits that aspiring women leaders need to penetrate “old boy networks” and influence change.
Raj Kumar Paramanathan
Dato' Abdul Aziz Abu Bakar
Marzida Mohd Noor
Datuk Noripah binti Kamso
Intangibles today represent approximately 80% of assets on corporate balance sheets, especially as items like intellectual capital, research and development spending, and services dominate the digital economy. Yet, conventional accounting methods don’t measure intangible capitals as effectively as tangible capitals. How can we fix accounting and reporting systems to accurately tell the story of modern business and value creation?
Dato' Wong Wing Seong
Siew Kar Wai
11:00 - 12:15
Cybercriminals are using ever more advanced and scalable tools to breach user privacy, from advanced phishing kits to remote access attacks to attacks via smartphone and malicious AI. According to the WEF, two billion data records were compromised in 2017, and more than 4.5 billion records were breached in the first half of 2018 alone. This session predicts the most pressing trends in cybercrime and proposes strategies for prevention and mitigation.
Lee Han Ther
According to the World Meteorological Organisation (WMO), the physical and financial impacts of global warming are accelerating. The WMO’s latest State of the Climate report noted that most of the natural hazards that affected nearly 62 million people in 2018 were associated with extreme weather and climate events. This session tracks the climate change crisis, and guides the profession on policies and tech-enabled sustainability strategies that can shrink organisation’s environmental footprint.
Dr Renard Siew
Datin Seri Sunita Rajakumar
Khoo Hsu Chuang
This Plenary explores the policies and implications of the proposed 2020 Budget themed Shared Prosperity: Sustainable And Inclusive Growth Towards High Income Economy. Join our expert speakers as they analyse the Budget’s measures and impacts on business and the profession, arising from the policy shift towards heightened collaboration and inclusive entrepreneurship and innovation - driven by the ideal 4P partnership of the public sector, private sector, professionals and people.
Dr. Veerinderjeet Singh
Dr. Anthony Dass
Tan Hooi Beng
16:30 - 18:00
Gary Guller single-handedly broke down the barriers blocking his dreams, and so can you! After losing his arm in an alpine climbing accident, Gary went on to become the first one-armed man to summit Mount Everest and successfully completed the gruelling 6-day 250 km Marathon de Sables set in the Sahara, which CNN calls the “hardest stage race in the world.” Gary is one of the world’s most sought-after keynote speakers, helping people, teams and organisations challenge their own fears and obstacles to become extraordinary in their own right.
All the way from the US, Gary will make his first appearance in Malaysia at the MIA International Accountants Conference 2019. Come listen to Gary’s story, and be inspired to craft your own compelling journey for you and your organisation, making the impossible possible!