MIA AND ACCA SIGN AGREEMENT TO BENEFIT THOUSANDS OF FINANCE PROFESSIONALS

　　The Malaysian Institute of Accountants (MIA) and ACCA (the Association of Chartered Certified Accountants) signed a Memorandum of Understanding (MoU), which will result in them working together to develop the profession in Malaysia and the wider region.
　　
　　Through this latest agreement, ACCA will be providing an incentivised pathway for MIA members of good standing who do not currently hold a professional accountancy qualification to obtain ACCA membership.
　　
　　ACCA agrees to offer exemption of nine papers from the ACCA Qualification (papers F1 to F9) to eligible MIA members, with the initial registration and exemption fees waived. This special pathway is in force for three years from the date of signing.
　　
　　As a result, thousands of finance professionals in Malaysia will benefit from this new agreement and be eligible to obtain an international professional qualification and membership that is recognised in 180 countries.
　　
　　This MoU was formalised at a signing ceremony, where ACCA was represented by Stephen Heathcote, Executive Director – Markets and MIA was represented by its President, Johan Idris.
　　
　　Stephen Heathcote said: 'ACCA is delighted to have signed this important partnership agreement with MIA. By working together, we can ensure that there is a sustainable pipeline of qualified accountants in Malaysia to support the Government’s Economic Transformation Programme and contribute to the wider economy.'
　　
　　This sentiment is echoed by the President of MIA Johan Idris, who said:
　　
　　'The MoU between MIA and ACCA is indeed timely. Under this MoU, MIA and ACCA have identified several areas of cooperation that is based on the recognition of the value and the need for the advancement of the accountancy profession in Malaysia.'
　　
　　The MoU also calls for ACCA and MIA to collaborate on high-level policy and research work, utilising ACCA’s existing global research and insights, which may include the publication of surveys, research reports and joint events and conferences covering various areas including a focus on Small Medium Enterprises/Practices (SMEs and SMPs) issues.
　　
　　'ACCA has been working with the MIA to develop the accountancy profession in Malaysia for over four decades. We look forward to many more joint initiatives to come with a national accountancy body which we hold in the highest regard' Stephen Heathcote concluded.
　　
　　-ENDS-