Presentation by: Zulfa Abdul Rahman

Manager, Professional Standards & Practices

Malaysian Institute of Accountants
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Malaysian Institute of Accountants

STATUTORY BODY
Established under Accountants
Act 1967 under the Ministry of
Finance
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 Accountants Act 1967

Sections 22 & 23 of the Act require

a person residing in Malaysia to be
registered with the MIA if he
practises or holds himself out as a
chartered accountant, licensed
accountant, auditor, tax consultant,
tax adviser or any other term of like
description

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 MIA Functions under the Accountants Act
1967 – Balancing its Dual Roles
STATUTORY /
PROFESSIONAL ROLE
REGULATORY ROLE
Serve Safeguard
Members  Education &  IC/DC/DAB Public
through Development  Financial Statements Interest &
Continuous  Professional Review Uphold the
Education and Standards &  Practice Review/CPE Profession’s
Practices Audit
Development Reputation
 Compliance with By-
Laws
 Standard Setters –
AASB and ESB

ETHICAL & COMPETENT ACCOUNTANTS

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 FUNCTIONS OF MIA

To regulate To determine the

the accounting profession qualifications of persons for
in Malaysia admission as members

To provide for the training To promote the interests of

and education of its the profession of
members accountancy in Malaysia

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 ACCOUNTANTS IN VARIOUS ROLES
PUBLIC SECTOR COMMERCE/ ACADEMIA
PUBLIC PRACTICE
Accountants INDUSTRY Lecturers
Statutory Auditors
Treasurers Internal Auditors Deans
Company Secretaries
Financial Officers Company Secretaries Heads of
Tax Consultants Departments
Auditors Company
Management Accountants
Consultants Inland Revenue
Officers Tax Managers
Liquidators
Bank Negara Officers Corporate Planners
Forensic Accountants
Directors of Ministries CFO

Dato' Mohd Faiz Azmi Dato’ Sri Abdul Wahid Omar
MIA President Minister in Prime Minister’s
Managing Partner of PWC Department, former President
and CEO of Maybank
Datuk Zaiton Mohd Hassan
MIA Vice President, Managing
Director of Capital Intelligence
Advisors Sdn Bhd
Y.H. Prof Dato' Dr. Daing
Mohd Nasir Bin Ibrahim
Vice Chancellor, Universiti
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Malaysia Pahang
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CORPORATE CORPORATE TAX ADVISOR
TREASURER RECOVERY/
INSOLVENCY
ACCOUNTANT

AUDITOR

CORPORATE FORENSIC INFORMATION

PLANNER ACCOUNTANT SYSTEM
MIA MEMBERSHIP
(as at 22 January 2016)

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 More Accounting talent ……..

60,000
32,000
Achieve Quantity without compromising on
Quality
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Accountants: Selected Countries
Country Membership GDP Population GDP per Population
(‘000) (US Billion) (million) population per
(US$ ‘000) accountant
Malaysia 31 305 29 10 950
Singapore 29 287 5.3 54 184
Thailand 60 366 67 5 1,107
Philippines 22 250 97 2.6 4,381
Indonesia 21 877 247 3.6 11,906
Vietnam 10 156 89 1.8 11,097
Hong Kong 37 274 7.1 38 195
Australia 191 1,532 22.7 67 119
New 33 171 4.4 39 136
Zealand
South Africa 44 382 52 7 1,194
Source: CSAP report - as at 2014

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Do You Know That…

A recent employability survey revealed that

most employers prefer to employ accountants
with professional qualifications.

Do you know why?

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 A Professionally Qualified Accountant
is always in Demand
Because of their:
• Professional skills
• Excellent soft skills such as
positive attitude, work ethics,
hard work, teamwork, and
• Communication skills with
English proficiency

The survey went on to say that accountants with professional qualifications

are perceived as more ambitious, confident and knowledgeable.
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DESIRED ATTRIBUTES OF AN ACCOUNTANT

Professional attitude Behavioral skills

Broad business
perspective / business Functional skills
management skills

Attributes
of an
Accountant
Technical knowledge Intellectual skills /
Abilities

Interpersonal and Ability to adapt or work Demonstrate desirable

communication skills within changes or knowledge
complexity of
employment place

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What the employers say?
Important attributes in considering potential employees :
~ based on recent employability survey done by Frost & Sullivan

• Good attitude
• Work Ethics
• Willingness to learn
• Teamwork
• Hardwork / discipline
• Analytical skills
• Communication skills
• Technical skills : Financial reporting
• Proactivity
• Language proficiency : English

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 Development Chart of an Accountant

Professional
Classroom Practical Professional Accountant's
learning Experience Development Capabilities &
Competencies

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Internship : A Rewarding Experience

Apply Classroom Knowledge

Gain Valuable Experience

Have an Edge in the Job Market

Transition into a Job

Decide if this is the RIGHT Career Path

Networking Opportunities

Gain Confidence

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 The take-away from Internship

Compatibility of Roles, Responsibilities and Skills

Interning in Accounting Firm / other organisation would enable the students to
develop necessary skills and improve their knowledge in Accountancy. It also provide
students the opportunity to affirm that they have chosen the right career choice.

Experience and Benefits

An intern is placed in the ‘natural’ environment for the student to demonstrate
his/her knowledge in accounting which can be included in their resume as work
experience. Completing the programme impress the student on the real life. Hence,
including this as part of the Institute of Higher Learning’s academic programme
facilitate the connectivity, i.e. ‘school and work’.

Personal Development and Enhancing Employability

Students will come to appreciate the importance of teamwork, meeting expectations,
deadlines, personal development needs, professional demeanor, appearance and
commitment to excel. Experience in the firm often serve as the best leads to full time
employment later.
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 ACCOUNTING PROGRAMMES 2016
Yayasan Peneraju Pendidikan Bumiputera

Scholar with / who

Type Programme Age Group Certification
are
PPAM Cat A
18 years old & CAT, ACCA & OBU
Peneraju Profesional Akauntan SPM / O Level
below Degree
Muda A
PPAM Cat B 22 years old &
Full time study Peneraju Profesional Akauntan Diploma / CAT ACCA & OBU Degree
Muda B
below
PPAS 25 years old &
Peneraju Profesional Akauntan Degree ACCA
Siswazah
below

Full time and PPAS MICPA 25 years old &

Peneraju Profesional Akauntan Degree MICPA-CAANZ
Part time study Siswazah
below
Either one:
PPPP 28 years old &
Part time study Peneraju Profesional Pensijilan Degree ACCA, ICAEW, CIMA,
Perakaunan
below
CPA-Australia

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For more information go to : http://www.yayasanpeneraju.com.my/?data-yayasan-peneraju=64
 MyPAC Programme

Copyright © 2015 MyPAC All

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Rights Reserved
 CONTACT US:
Malaysian Institute of Accountants
Dewan Akauntan,
No.2 Jalan Tun Sambanthan 3, Brickfields,
50470 Kuala Lumpur.
Tel: 603-2279 9200, Fax: 603-2274 1783

URL: www.mia.org.my
E-mail: mia@mia.org.my
Membership Services: membership@mia.org.my

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