On February 15th 2017, we were pleased and honoured to have two representatives from the Malaysian Institute of Accountants (MIA) visiting the professional students of ACCA and CIMA at Menara SAAS, UiTM to share a talk regarding the MIA itself.
Everyone must be thrilled to get their hands on the professional certificate and sprint to the working world. However, most of us are unaware of the fact that MIA plays a vital role to assist and ensure the professional students complete their journey in becoming a chartered accountant (CA). MIA serves as a platform to provide a complete skill set to its members in order to become a holistic accountant in Malaysia.
MIA was established under the Accountants Act 1967 as the statutory accountancy body that regulates, develops, supports and enhances the integrity and status of the profession whilst upholding the public interest.
Still not getting the picture?
Have you ever come across the name S.H.I.E.L.D. in any of Marvel movies? S.H.I.E.L.D. is a Marvel Comics fictional counterterrorism, law-enforcement and intelligence agency and is in charged with investigating and neutralising paranormal and superhuman threats for global security.
These two organizations are basically the focal point to which they are largely involved in the tasks and development of each of their members.
S.H.I.E.L.D. resembles the MIA and the accountants are basically the agents.
Dual roles of MIA
MIA is charged with the role to regulate the development of accountant profession by viewing the compliance of practice by the members and acts as a standard-setter for the body. MIA also need to operate as a professional body that preserves the interest of its members by providing Continuing Professional Education (CPE) and groom the accountants with the set of skills and knowledge developments.
The MIA membership consists of 4 main sectors namely Commerce & Industry, Public Practice, Public Sector and Academia. It is paramount for these roles to join forces together in order to strengthen the foundation of the profession. The continual development of this institute requires a collective responsibility from every member of MIA.
Public figures of MIA
Datuk Mohammad Faiz Azmi and Datuk Zaiton Mohd Hassan were appointed as the president and vice-president of MIA, respectively, for the new term. Datuk Mohammad Faiz Azmi is an executive chairman of PricewaterhouseCoopers (PwC) Malaysia and Datuk Zaiton Mohd Hassan is currently the president of the Association of Chartered Certified Accountants (ACCA) Malaysia advisory committee. It is so proud to see the Bumiputeras dominating the top pillars of a successful organization as this in line with the government’s target to increase the number of Bumiputera professional accountants in the country.
And of course, in S.H.I.E.L.D we have Director Nick Fury, Maria Hill, Tony Stark and Agent Romanoff to name a few.
The talk then continued with a short quiz session, which was actively participated by the students and also a brief overview on technical issues of transfer pricing in Malaysia. Overall, the event went well and everyone benefits from the information given by the speakers. It is a golden opportunity to join this course as accountancy is a remarkable and highly regarded line of profession in the world. We will certainly look forward to probably engage in more events with MIA in the future.
For more information, please visit www.mia.org.my