ACCA and MICPA sign major accountancy agreement
Relationship strengthened by MRA
14 Aug 2007
An agreement that will have significant impact towards the development of the accountancy profession in Malaysia has been signed by the Malaysian Institute of Certified Public Accountants (MICPA) and ACCA.
The Mutual Recognition Agreement (MRA) provides a route for members of both MICPA and ACCA to join the other body, and enjoy the benefits which both respected designations can offer. Both institutions of reputation and tradition have joined forces to work on strengthening the Malaysian accountancy profession. ACCA is the world’s largest and fastest-growing global professional accountancy body and MICPA is an established professional accountancy body with technical excellence. It has over 3,000 CPAs engaged in public accounting practice and various fields of employment and close to 800 students pursuing the CPA qualification.
The MRA was signed at a ceremony at Le Meridian Kuala Lumpur attended by Dato’ Nordin Baharuddin, MICPA president and Gillian Ball, ACCA president.
MICPA president, Y Bhg Dato’ Nordin Baharuddin, said: ‘The Mutual Recognition Agreement (MRA) between ACCA and MICPA facilitates closer working relationship between the two bodies in professional education and development and provides members with access to the services offered by both bodies. The MRA also provides an opportunity for Malaysian accountants to gain an additional qualification that increases their international mobility.’
ACCA president Gillian Ball said: ‘We are delighted to be signing the MRA with MICPA which strengthens our already excellent relationship and which will benefit members of both bodies and the wider profession. Both bodies share common and strong interests in the advancement of accountancy, especially in relation to the maintenance and strengthening of professional and educational standards, and this agreement has been reached on the basis of equivalence of qualifications and sound educational review of each other’s syllabus.’
For further information on this agreement, please click on the links under ‘See also’.