Accounting Professional Bodies In Malaysia

Apart from that accountancy bodies from the commonwealth countries such as the association of chartered certified accountants acca chartered institute of.

Accounting professional bodies in malaysia. Established under the accountants act 1967 the malaysian institute of accountants mia is the national accountancy body that regulates develops supports and enhances the integrity status and interests of the profession in malaysia. Malaysian institute of accountants. International the international accounting standards board issues ifrs. Micpa has played a key role in establishing accounting standards and technical advisory for malaysia s regulatory bodies and is also a founding member of the international federation of accountants ifac.

Micpa is the only malaysian grown professional accounting body formed in 1958. Other accountancy bodies in malaysia. Under csap recommendation 3 professional accountancy bodies have to commit to producing the required number of professional accountants. The committee also proposed that an education board be set up to coordinate strategies and measures with recognised professional accountancy bodies and assess their performance to ensure the growth in supply of accountants matches the country s economic needs.

On july 6 1964 the association changed its name to the malaysian association of certified public accountants macpa. Mia accords the chartered accountant malaysia or ca m designation. Accounting standard setting bodies are national or international organisations that have been delegated responsibility for setting generally accepted accounting principles by statute in a country or jurisdiction. The malaysian association of certified public accountants macpa has became the first accounting bodies to be established in the malayan state in 1958 with the aim of advancing accounting professions in all aspects and to educate the appropriate accounting practices and standards to businesses in malaysia.

Mia s vision is to be a globally recognized and renowned institute of accountants committed to nation building bringing value to our members the profession and wider community. The malaysian institute of certified public accountants micpa which was established in 1958 is another accountancy body that is involved in the training and development of accountants in malaysia. The malaysian institute of certified public accountants micpa micpa is a professional body for accountants formed under the companies ordinance 1940 1946. In addition to being a member of ifac mia is also a member of the asean federation of accountants afa.

The association became the malaysian institute of certified public accountants micpa on. Micpa was formed on july 26 1958. The international federation of accountants with its international public.