Complex sentence: Malaysian Institute of Accountants (MIA) is the umbrella body for the accountancy profession in Malaysia and it was established under the Accountants Act, 1967 to regulate and develop the accountancy profession in this country.
Split into simpler sentences: Malaysian Institute of Accountants (MIA) is the umbrella body for the accountancy profession in Malaysia. It was established under the Accountants Act, 1967 to regulate and develop the accountancy profession in this country.