TITLE: Speech by Encik Salihin Abang, President, Malaysian Institute of Accountants at MIA Qualifying Examination Graduation Ceremony 2017

DATE: 14/12/2017









  • Yang Berusaha Prof Dr Maliah Sulaiman, Chairperson of the Examination Committee,
  • MIA Examination Committee Members & Facilitators,
  • Graduates of MIA QE Class of 2017,
  • Ladies and Gentlemen

Good morning Everyone.

I am delighted to be here at today’s MIA Qualifying Examination Graduation Ceremony 2017.

On behalf of the Malaysian Institute of Accountants, I would like to congratulate the graduates for successfully completing the MIA QE exams. Now, that you have completed the four papers and for those who already have gained the relevant experience, we look forward to you becoming a Chartered Accountant member of the MIA.

Graduates of MIA QE,

By successfully completing the MIA QE exams, your journey is far from over. You need to learn, unlearn and relearn to stay current and, move ahead.

In the 21st century, our challenges are becoming more pressing, especially due to globalisation, demographic change, changing regulations and digital disruption.

As markets become more borderless and global, the accountancy profession in Malaysia faces increasing competition as a result of trade and talent mobility. MIA’s response is that we must upskill accountancy professionals to become more globally competitive.

In this regard, the MIA places great importance on building capacity and competency of accountancy professionals. The Institute is uniquely positioned to develop accountancy professionals who are fit and ready for local market demands. The MIA possess the local knowledge and local networks that enable it to equip MIA members and non-members with the necessary skills to add value in the local landscape and to be continually relevant to the businesses and society they serve.

Ladies and Gentlemen,

Digital disruption – such as uberised and virtual business models, Big Data, data analytics, artificial intelligence and machine learning, cloud, blockchain and cybersecurity - is impacting the accountancy profession profoundly.

If we look at Big Data and data analytics, irrespective of what industries you are in, we are generating tons of data every day. Companies of all sizes create massive structured, unstructured and semi-structured data every day. Companies harnessing Big Data and data analytics would be able to find new insights and discover unique patterns of their customer behaviour, for example, or even create new businesses that are previously not possible.

Accountancy professionals can leverage on Big Data and data analytics. This is because they have the ability to digest and analyse data in such a way that it makes it easier for management to make informed decisions. They could play a strategic role in the organisation as their ability to interpret and provide useful insights into data could reveal numerous business opportunities.

Ladies and Gentlemen,

With all these trends happening at lightning speed, the key to survival during the coming years, will be our ability to adapt to these pressing changes. Therefore, it is crucial for accountants to continuously evolve to meet these challenging and demanding needs.

Hence, accountants need to focus on life-long learning process to always be in tune with the latest developments that are affecting the accountancy profession.

By enhancing your skills and armed with strong work ethics and integrity, you can support our nation's goal of producing professional and highly ethical accountants.

On that note, Ladies and Gentlemen, I would like to congratulate once again the graduates of MIA QE Class of 2017.

Have a productive day ahead.

Thank you.