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Accountants Contribute Towards Nation-Building
31 Oct 2006
- Press Releases
ACCOUNTANTS CONTRIBUTE TOWARDS NATION-BUILDING
Accountants have a big responsibility
to contribute to the nation and in realizing Malaysia's
dream of becoming a developed nation by the year 2020.
The participation of accountants in this mission will
eventually serve to nourish investors' trust, help
generate sustainable growth and build confidence in the
economy as accountants continue in their duties as the
Furthermore, accountants are well-poised to understand
Malaysia's aspiration for growth because as financial
guardians of organisations, they have always been
concerned with maintaining and improving the financial
health of an organisation to ensure stakeholders'
This sets the landscape for this year's National
Accountants Conference (NAC) 2006 which is themed
''Accountants: Generating Growth, Building Confidence''.
Organised by the Malaysian Institute of Accountants
(MIA), the conference is being held from 31 October 2006
- 1 November 2006 at the Kuala Lumpur Convention Centre.
According to MIA President Abdul Rahim Abdul Hamid, the
conference theme encapsulates the role of the
accountant, showing that the profession is being
practiced in changing circumstances against a backdrop
of new opportunities and challenges.
With these developments, he urged accountants to be
constantly involved in capacity building exercises that
will strengthen their competitive advantage.
Apart from that, he also stressed that accountants must
strive to meet public expectation. ''There is a rising
need for our members to meet this challenge as a way
forward in raising our professional standing in
society,'' Abdul Rahim said. ''Being an accountant is
serious business. And, our profession does have a major
impact on the society we live in. We have won the public
trust not only through our expertise in finance,
standards and professional conduct, but also for the
values we stand for.''
This is also the reason why MIA is worried about the
'misuse' of the term accountant, Abdul Rahim said during
his speech at the opening ceremony of the NAC 2006. Even
some of the media organisations have not fully
understood yet the word 'accountant', he pointed out,
which is why MIA hopes to educate the public on the use
of the word.
''In Malaysia, the word accountant is protected under
the Accountants Act 1967. Under the Act, no person shall
use the title 'accountant' unless he or she is
registered as a chartered accountant or licensed
accountant and is a member of the Malaysian Institute of
Accountants (MIA),'' he informed.
''MIA sets high ethical standards which must be adhered
to by all its members. Members are bound by MIA's strict
code known as the Institute's By-Laws (On Professional
Conduct and Ethics) and any breach of ethics by members
will render them liable to face disciplinary
proceedings,'' Abdul Rahim said. This, he added, is
important in ensuring quality within the accountancy
He advised the public to be careful as not everyone who
carries themselves as an accountant, is actually an
accountant. Just having an accountancy qualification
alone does not make a person an accountant, he said.
The ceremony was officiated by YB Dato' Dr Awang Adek
Hussin, Deputy Minister of Finance II.