November 03, 2014

ACCA and MIA To Boost Accountant Supply

More Business for ACCA

I plucked this from Bernama News dated 3 November 2014.

It seems that the Malaysian Institute of Accountants (MIA) and the Association of Certified Accountants (ACCA) have inked a strategic memorandum of understanding (MOU), a deal that could help boost the supply of accountants come 2020.

This deal intends to redouble efforts to develop 60,000 accounting professionals by that target year.

A  Interim 3-Year Pathway
Under this MOU, eligible MIA members will be incentivised to take the ACCA qualification. It will entail an exemption of 9 out of a total of 14 ACCA papers.

Initial registration fees and exemption fees will also be waived.

This special pathway will be in force for 3 years from today.

Stephen Heathcote,the ACCA executive director remarked that the exemption will hasten the certification process while simultaneously produce able and qualified accountants for Malaysia.

Currently, Malaysia has only to reach the half-way mark in meeting the targeted number of professionals required in the accounting field.

Signed by Heathcote and MIA President, Johan Idris, the former believed that this partnership would provide a sustainable pipeline of qualified accountants to support the government's development plans.

Meanwhile, Johan in his speech said that with this MOU, it will leverage each party's strengths and bring the accounting profession to the next level.