The Association of International Certified Professional Accountants and the Malaysian Institute of Accountants (MIA) have extended a memorandum of agreement (MoA) for three years, to help meet the Malaysian government’s target of having 60,000 professionally qualified accountants by 2020.
The agreement provides an accelerated route for MIA members to become Chartered Global Management Accountant (CGMA) designation holders and members of both the Chartered Institute of Management Accountants (CIMA) and the association.
Chartered accountants who have 10 years of relevant work experience will require only one assessment to complete the CIMA Professional Qualification and earn the CGMA designation. Those who have less than 10 years of relevant work experience will require four assessments to complete the professional qualification.
The Association of International Certified Professional Accountants was formed by members of CIMA and the association earlier this year, to drive an accounting profession ready to meet the demands of a changing world.
Representing 650,000 members and students in 179 countries, the association provides tools, resources and critical insights to enhance their employability and bring sustainable success to the clients and businesses they serve.
The association CEO for management accounting Andrew Harding said many MIA members have taken advantage of the special pathway to become professionally qualified since the first agreement CIMA signed in 2014.
“In today’s extraordinary times, management accountants are being called upon to navigate complex and fast-changing opportunities and
challenges. This cooperation with MIA benefits and strengthens not only the Malaysian accountancy profession, but the entire business community as well.
“As CGMA designation holders, they can tap into the extensive wealth of training resources offered by the association, and keep their skills at the cutting edge for business success,” he said in a joint statement with MIA.
MIA CEO Dr Nurmazilah Mahzan said the special pathway has certainly enhanced MIA members’ prospects in upskilling themselves to become professionally qualified accountants.
“As an outward-looking professional accountancy organisation, espousing multi-lateral development, MIA advocates mutual recognition and development of the profession to support regional economic growth and nation-building,” she said in the statement.
Also present at the signing ceremony were MIA president Salihin Abang and the association regional VP for Asia Pacific Venkkat Ramanan. — TMR