The 99th AFA Council Meeting, 07-09 December 2009, Brunei

The 99th AFA Council Meeting was held back to back with the 16th AFA Conference on the 7th December 2009 attended by all AFA Primary members and associate members ACCA, ICA Australia and CPA Australia.

Speaking to the press after the meeting, the AFA president Pengiran Haji Moksin highlighted the following decision of the meeting:

• AFA and its member bodies will work closely with their respective national accounting standards setting bodies in the process of setting and implementing accounting standards,

• AFA will also continue to work on accounting standards for the SMEs in ASEAN which its member bodies can voluntarily adopt,

•  AFA will be inviting interested parties for research projects on issues of policies, capacity building initiatives of the profession in ASEAN based using the recently launched AFA Research Grants,

•  AFA is also supporting the train the trainers projects for IFRS for SMEs to be held in Kuala Lumpur in January 2010 where some of its members will be sending their trainers to the programme, and

• AFA wishes to congratulate the Brunei Institute of Certified Public Accountants (BICPA) on its admission to the global accounting fraternity as an associate member of the International Federation of Accountants (IFAC)

Pengiran Haji Moksin also introduced to the Press the incoming President of AFA, Mr Abdul Rahim Bin Hamid, the President of the Malaysian Institute of Accountants (MIA) who will be assuming the AFA Presidency from January. Mr Abdul Rahim took the opportunity to introduce to the media the World Congress of Accountants which Malaysia will host from 8 to 11 November 2010.