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MIA Supports Government's Call To Increase The Number Of Chartered Accountants

04/06/2012




The Malaysian Institute of Accountants today said that it welcomes and fully supports the Government's call to increase the number of chartered accountants in the country. This was in response to the Minister in the Prime Minister's Department Tan Sri Nor Mohamed Yakcop's call for more Bumiputra graduates to take up professional accounting programmes.

"To be in line with the Economic Transformation Programme and navigate towards becoming a high income nation, we need more accountants to drive Malaysia's economic growth. Currently the Institute has slightly over 28,000 registered chartered accountants in business and commerce, public practice, public sector and academia. It would be good to see more Bumiputera chartered accountants as currently they constitute only 28% of the total membership," said MIA's President Datuk Mohd Nasir Ahmad.

Datuk Nasir also mentioned that the Institute has in place initiatives and proactive measures to encourage the growth in membership of chartered accountants in Malaysia.

"The membership drive in MIA encompasses the creation of awareness to companies and corporate organisations, university graduates and to the members of the general public.

In relation to companies and corporate organisations, MIA organises visits to these establishments to promote and encourage employers to register their employees as members of MIA. This would mean that the employer will give the support and benefit to its employees to pursue a professional qualification in accounting.

The second component involves accounting graduates whereby the Institute has in place the Chartered Accountants Relevant Experience programme or CARE in short. The programme which sets out a range of competencies that need to be obtained before qualifying as a chartered accountant is a systemic assessment programme which monitors the working experience of fresh accounting graduates for three years beginning the day they register as CARE participants. To - date the CARE programme has successfully recruited 865 members since the programmes's inception in 2009.

The Institute also conducts the MIA Qualifying Examination (MIA QE) as an alternative pathway for accounting, business and finance graduates who do not possess the required qualification as stated in the Accountants Act, 1967 to qualify as chartered accountants. This initiative was introduced in 2003 to enable more individuals to become qualified chartered accountants in Malaysia.

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