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ACCA and MICPA sign major accountancy agreement
An agreement that will have significant impact towards the development of the accountancy profession in Malaysia has today been signed by The Malaysian Institute of Certified Public Accountants (MICPA) and ACCA (the Association of Chartered Certified Accountants).
The Mutual Recognition Agreement (MRA) provides a route for members of both MICPA and ACCA to join the other body, and enjoy the benefits which both respected designations can offer. Both institutions of reputation and traditions have joined forces to work on strengthening the Malaysian accountancy profession. ACCA is the world’s largest and fastest-growing professional international accountancy body with 296,000 students and 115,000 members based in 170 countries. MICPA is an established professional accountancy body with technical excellence. It has over 3,000 CPAs engaged in public accounting practice and various fields of employment and close to 800 students pursuing the CPA qualification.
The MRA was signed at a ceremony at Le Meridian Kuala Lumpur attended by Dato’ Nordin Baharuddin , MICPA President and Mrs Gillian Ball, ACCA President.
MICPA President, Y Bhg Dato’ Nordin Baharuddin, said: “The Mutual Recognition Agreement (MRA) between ACCA and MICPA facilitates closer working relationship between the two bodies in professional education and development and provides members with access to the services offered by both bodies. The MRA also provides an opportunity for Malaysian accountants to gain an additional qualification that increases their international mobility.”
ACCA President Mrs Gillian Ball said: “We are delighted to be signing the MRA with MICPA which strengthens our already excellent relationship and which will benefit members of both bodies and the wider profession. Both bodies share common and strong interests in the advancement of accountancy, especially in relation to the maintenance and strengthening of professional and educational standards, and this agreement has been reached on the basis of equivalence of qualifications and sound educational review of each other’s syllabus.”
MICPA members wanting to gain ACCA membership will have to prepare for and pass ACCA’s Professional Accountant paper, P1, from the final level of ACCA’s examinations. Alternatively, those MICPA members with more than 5 years post-qualification experience can qualify for ACCA membership by taking the ACCA online Professional Ethics module, a key part of ACCA’s revised 2007 professional syllabus or the ACCA Critical Incident Questionnaire. Upon obtaining the ACCA membership they will gain a globally-recognised and portable qualification.
ACCA members may obtain MICPA membership by passing the MICPA Admitting Examination. Alternatively, ACCA members with more than 5 years post-qualification experience can qualify for CPA membership by passing an interview with the MICPA Membership Admission Panel. Upon obtaining CPA membership they will gain a prestigious CPA designation with technical excellence.
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For further information, please contact: (UK)
Ian Welch - ACCA Head of Corporate Communications
+44 (0) 20 7059 5729 / 07739 862928
ACCA is the largest and fastest-growing international professional accountancy body and has over 115,000 members and 296,000 students in over 170 countries.
www.accaglobal.com
For further information, please contact: (Malaysia)
Adzlyn Aladzimy – Membership Services Officer
+603-2698 9622 or e-mail: membership@micpa.com.my
The Malaysian Institute of Certified Public Accountants (MICPA) was incorporated in 1958 as a professional body to advance the theory and practice of accountancy in line with global trends and practices. MICPA offers a professional accountancy programme leading to the Certified Public Accountant (CPA) designation, which is widely recognised as a premier professional business qualification – it is the gateway to global success.
www.micpa.com.my