Member firm will be duly notified within a week in

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Unformatted text preview: firm. Such listing must be certified as complete by the member firm prior to the selection of sample files. As a rule of thumb, the member firm should always ensure that all current audit engagements which are representative of the operations of the firm should be readily retrievable during the on-site practice review. For the purposes of the practice review, such current audit engagement files refers to engagements which have been signed off in the past eighteen (18) months up to the date of the on-site practice review or any other dates that can be reasonably accepted by the reviewer as a practical alternative. Arrangements for review 26. On-site practice review visits will be conducted at the member firm’s registered office or other registered place of business. The member firm should ensure that the reviewer is given access to all offices if there are more than one (1) and is given all reasonable assistance for the proper conduct of the practice review. It is expected that the reviewer will be provided with adequate office facilities for him/her to perform his/her work effectively and efficiently. Access to documents 161 By-Laws (On Professional Ethics, Conduct and Practice) of the Malaysian Institute of Accountants [Issued January 2007] APPENDICES APPENDIX VII 27. (1) The following provisions shall apply as regards to any practice review:(a) Any person, to whom this paragraph applies, and who is reasonably believed by a reviewer to have in his/her possession or under his/her control any record or other document which contains or is likely to contain information relevant to the practice review shall:(i) produce to the reviewer or afford him/her access to, any record or document specified by the reviewer or any record or other document which is of a class or description so specified and which is in his/her possession or under his/her control being in either case a record or other document which the reviewer reasonably believes is or may be relevant to the practice review, within such time and at such place as the reviewer may reasonably require; (ii) if so required by the reviewer, give to him/her such explanation or further particulars in respect of anything produced in compliance with a requirement under subparagraph (i) as the reviewer shall specify; (iii) give to the reviewer all assistance in connection with the practice review which he/she is reasonably able to give. (b) Where any information or matter relevant to a practice review is recorded otherwise than in a legible form, any power to require the production of any record or other document conferred under paragraph (a), shall include the power to require the production of a reproduction of any such information or matter or of the relevant part of it in a legible form. (c) A reviewer may inspect, examine or make copies of or take any abstract of or extract from a record or document which may be required to be produced under paragraph (a) or (b). However, the making of copies should...
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