Hooi Lam Chan

Partner, Malaysia and ASEAN Financial Services Assurance Leader

Chan Hooi Lam, a Partner of Ernst & Young has over 25 years of experience in providing assurance and advisory services, particularly in the financial services industry. He is the Malaysia Financial Services Assurance Leader and the ASEAN Financial Services Assurance Leader of Ernst & Young.

His experience includes audits and specialised advisory work for large banking groups, investment banks, mortgage corporations, building society, brokers, asset management companies, pension funds, the integrated exchange and the deposits insurance corporation. Hooi Lam has advised clients on appropriate accounting treatment of various exercises including those involving issuances of financial instruments, structured financing, securitisation, economic hedging and hedge accounting, individual and collective impairment assessments, mergers and acquisitions, share-based payments, regulatory capital instruments, synthetic instruments and embedded derivatives, under conventional and Islamic principles, in Malaysia and overseas.

He has also advised and assisted various clients on Malaysian Financial Reporting Standards (MFRS) and International Financial Reporting Standards (IFRS) conversion and implementation, including IFRS 7 / MFRS 7 Financial Instruments: Disclosures and IAS 39 / MFRS 139 Financial Instruments: Recognition and Measurement, and the IAS 39 / MFRS 139 replacement standard i.e. IFRS 9 / MFRS 9 Financial Instruments, in Malaysia and the Asian region.

A frequent speaker for seminars, conferences and training programmes in Malaysia and the region, Hooi Lam has been the project manager for Malaysian Accounting Standards Board (MASB) Working Groups on financial instruments, and is currently a Board member of the MASB. He has also been an adjudicator for National Annual Corporate Report Awards (NACRA) and an examiner for professional qualification examination.