Include Left - Communication
MIA - CPA Australia MoU to up-skill senior members with a professional designation
(L-R): Ho Foong Moi, MIA Chief Executive Officer; Datuk Zaiton Mohd Hassan, MIA Vice President; Penny Egan, President CPA Australia and Alex Malley, CPA Australia CEO.
Malaysia's accountancy profession will be further enhanced thanks to an
agreement signed today between the Malaysian Institute of Accountants (MIA) and
one of the world's largest accounting organisations, CPA Australia.
Building on the already close relationship between the two bodies, this new
Memorandum of Understanding (MoU) will enable MIA members who have served the
profession for more than 10 years in a senior capacity, to further enhance their
credentials by obtaining the CPA Australia designation..
MIA Vice President Datuk Zaiton Mohd Hassan, MIA members will now be able to
pursue a globally recognized professional accountancy qualification.
"MIA accounts for over 30,000 registered members of whom 18,000 are
professionally qualified. Of the remaining 12,000, more than 4,000 members have
the requisite 10 years or more experience. The key area of cooperation
identified under the MoU is the commitment given by MIA to encourage our members
to take up the CPA Australia Programme. By taking up this programme, an MIA
member will receive recognition as an Associate Member of CPA Australia and the
opportunity to obtain full membership status by completing three examination
papers. Passing these three papers will definitely enhance MIA members'
competencies as the subject matter go to the very core of the accountancy and
management functions," said Zaiton.
She also added on that MIA is very
supportive of this effort as this move will increase the number of
professionally qualified accountants in Malaysia.
"This is very much in
line with MIA's objectives in Education. Working together with the CPA
Australia, MIA aims to support the Continuing Professional Development or CPD of
our members by encouraging them to acquire professional accountancy
qualifications" said the MIA Vice President.
CPA Australia President
Penny Egan FCPA said under the MoU, qualifying MIA members would be able to
attain CPA Australia membership by demonstrating their skill, experience and
professional acumen through a specially tailored examination.
accounting qualification is a passport to global opportunity, and with members
in 121 countries around the world CPA Australia is proud of its long track
record in equipping members with a designation recognised the world over as a
hallmark of strategic excellence and leadership.
"This exciting new MoU
builds on our strong and enduring relationship with the MIA, to provide
important new avenues through which we can progress and develop the accounting
In line with the MoU, employers who contribute to
the Human Resource Development Fund (HRDF) will be able to access funding to
assist their employees attain the CPA Australia designation, underscoring the
serious intent by the Government to contribute to the continuous up-skilling of
the current cohort of accountants who may not have had the opportunity to obtain
a professional qualification.