The Institute

Background

The Malaysian Institute of Certified Public Accountants (MICPA) has been developing the accounting profession in Malaysia by providing accounting graduates with an avenue to become a Certified Public Accountant(CPA) for over five decades. Since its establishment in 1958, MICPA has played a key role in the setting of accounting standards in Malaysia. The Institute also played a technical advisory role for the Malaysian regulatory bodies responsible for carving out the business and financial landscape of this nation.

MICPA has more than 3,200 members and over 500 registered candidates. Members of the Institute are professionally qualified “certified public accountants” bearing the CPA qualification.

MICPA is a founding member of the International Federation of Accountants (IFAC) and has contributed significantly to sustaining the accountancy profession nationally, as well as globally. MICPA has demonstrated its dedication to protecting public interest by promoting convergence to international standards through participation in the IFAC Compliance Program.

A Memorandum of Understanding (MoU) was signed between MICPA and the Institute of Chartered Accountants Australia (ICAA) in 2009, sealing a new era of professional ties marking an important milestone for both bodies in their quest to work together to promote the interest of students, members and the accountancy profession. The MoU provides for mutual advanced entry for candidates into both of the accountancy bodies’ professional examinations. Candidates will also qualify for 2 professional memberships – CPA (Malaysia) and CA (Australia).

The depth of technical accounting knowledge and understanding of the Malaysian business environment has helped MICPA shape its core professional accountancy programme – the MICPA-ICAA programme, to suit business professionals practicing in Malaysia whilst increasing their accessibility to the accounting profession on international shores. The partnership between MICPA and ICAA has widened the horizons of programme graduates in terms of international opportunities and access to resources such as the Global Accounting Alliance (GAA) which provides support from a network of professional accounting bodies in 11 different countries.

I have chosen to pursue the MICPA-ICAA programme as MICPA is a reputable international professional accounting body and its members are highly sought after in the accounting industry globally. Its study program serves not only local requirements, but also addresses international needs.

Calvin Tee G-Mun, MICPA candidate

Calvin Tee G-Mun, MICPA Candidate

 
Brief History

Brief History

On July 26, 1958, “The Malayan Association of Certified Public Accountants” was formed as a professional body by 20 members under the Companies Ordinances, 1940 – 1946.

The Association became “The Malaysian Association of Certified Public Accountants” (MACPA) on July 6, 1964, and subsequently “The Malaysian Institute of Certified Public Accountants” (MICPA) on January 29, 2002.

A Memorandum of Understanding (MoU) was signed between MICPA and the Institute of Chartered Accountants Australia (ICAA) on Tuesday, February 24, 2009, marking another significant milestone in MICPA’s continuous efforts to enlarge its global footprint. The MoU provides for a joint exam to be carried out for MICPA-ICAA candidates, qualifying them for memberships in both MICPA and ICAA once all membership requirements are met.

 

Objects, Vision & Mission

Objects of the Institute

The Principal Objects of the Institute as set out in the Memorandum and Articles of Association are as follows:

  • To advance the theory and practice of accountancy in all its aspects.
  • To recruit, educate, train and assess by means of examination or otherwise a body of members skilled in these areas.
  • To preserve at all times the professional independence of accountants in whatever capacities they may be serving.
  • To maintain high standards of practice and professional conduct by all its members.
  • To do all such things as may advance the profession of accountancy in relation to public practice, industry, commerce, education and the public service.
Our Vision

To be the premier business qualification in Malaysia, comparable to the best in the world.

Our Mission
  • To enhance the value and distinctiveness of the Certified Public Accountant (CPA) qualification.
  • To promote high standards of professional conduct and technical competence of members to safeguard public interest.
  • To provide quality professional education and training thereby creating a competitive advantage for members.
 

What We Do

Service with Technical Excellence
Service to Members

MICPA provides a wide range of services to its members including:

  • Developing and issuing of standards and guidelines on accounting, auditing and financial reporting;
  • Rendering advisory services to members on all areas of CPAs work covering accounting, auditing, taxation, company law, financial management and insolvency practice;
  • Conducting continuing professional education and development programmes;
  • Setting and monitoring members’ compliance with ethical standards governing members’ professional conduct thereby safeguarding the interest of the general public;
  • Updating members via a Members’ Handbook containing technical and professional standards and via a bi-monthly journal, The Malaysian Accountant.
Technical Activities

MICPA has played an instrumental role in the research and development of accounting and auditing standards in Malaysia.

Its scope of commitment in developing technical standards include:

  • Reviewing and setting guidelines on the applications of International Accounting Standards (IAS) and International Standards on Auditing (ISA) in Malaysia;
  • Development of Malaysian Accounting and Auditing Standards for application where specific standards are necessary in order to comply with local business conditions and statutory requirements;
  • Working jointly with relevant Government authorities in developing accounting and reporting standards for specialised industries such as banking and financial services and insurance;
  • Working in consultation with various regulatory authorities in reviewing existing regulations and legislations, and in the development of new ones;
  • Providing Government with technical assistance in whatever areas that might require the application and review of technical standards.

The upshot of all these efforts are clearly evident. Today MICPA has earned to its credit:

  • The issuance of no less than 80 accounting and auditing standards and guidelines;
  • Full recognition for these standards – not only by the business community, both local and international, but also the regulatory authorities and most significantly the Government;
  • A high stature in international circles and forums. MICPA is more often than not acknowledged as the authoritative corporate “representative” of the accountancy profession of Malaysia.
  • Maintenance of high standards in financial reporting in the country which, by all measurements, are ranked as one of the top in the Asia-Pacific region.
 

The Council

MICPA is governed by a Council of 30 elected members, who comprise members from public accounting practice, commerce, industry and the public sector. The role and functions of the Institute are carried out by a force of 13 Committees and numerous working groups.

President

Dato’ Abdul Rauf Rashid is a Council Member of MICPA since August 2011. He is currently the Country Managing Partner of Ernst & Young Malaysia as well as Ernst & Young Asean Assurance Leader.

Dato’ Rauf has been in professional practice for more than 20 years, providing various types of assurance and advisory services to large international, Government-linked and local clients in various industries, particularly, the financial markets.

Dato’ Rauf graduated with a Bachelor in Accounting & Economics (Honours degree) from the University of Southampton, United Kingdom.

He is a Council Member of the Malaysian Institute of Accountants (MIA) and a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW).

Vice-President

Mr Tan Theng Hooi is a Council and EXCO Member of MICPA since 2009. He is currently the Country Managing Partner of Deloitte Malaysia and sits on the board of Deloitte Southeast Asia.

Mr Tan has more than 30 years of experience in the public accounting practice. His extensive experience encompasses auditing, tax, business and financial advisory services. He has served key multinational and local clients and has also provided business advisory services and led merger and acquisition deals for clients, both locally and in the region.

He is a member of the Malaysian Institute of Accountants and Fellow of CPA Australia.

The MICPA Council – 2014/2015

Dato’ Abdul Rauf Rashid (President)
Tan Theng Hooi (Vice President)
Dato’ Abdul Halim Mohyiddin
Abdul Halim Md Lassim
Ahmad Fuaad Mohd Kenali
Beh Tok Koay
Datin Hajjah Fadzilah bte Saad
Dato’ Gan Ah Tee
Gary Yong Yoon Shing
Goh Lee Hwa (Ms)
Ken Pushpanathan
Khaw Hock Hoe
Lee Tuck Heng
Loh Lay Choon (Ms)
Dato’ Mohammad Faiz bin Mohammad Azmi
Ng Kim Tuck
Dr Nurmazilah Mahzan
Ong Chee Wai
Patrick Ng Gan Hooi
Peter Lim Thiam Kee
Poon Yew Hoe
Sukanta K Dutt
Datuk Robert Yong Kuen Loke
Robert Tan Bun Poo
Stanley Teo Swee Chua
Tan Chin Hock
Thong Foo Vung
Dr Veerinderjeet Singh
Venkatramanan Viswanathan
Dato’ Yeo How

Committee – 2014/2015

Chairman Alternate Chairman
Executive Dato’ Abdul Rauf Rashid
Accounting & Auditing Technical Sukanta Dutt Ng Kim Tuck
Commerce & Industry Dato’ Ahmad Fuaad bin Mohd Kenali Poon Yew Hoe
Disciplinary Dato’ Mohammad Faiz bin Mohammad Azmi Dato’ Yeo How
Education & Training Dato’ Abdul Halim Mohyiddin Tan Theng Hooi
Examination Dr Veerinderjeet Singh Beh Tok Koay
Financial Statements Review Loh Lay Choon (Ms) Ng Kim Tuck
Insolvency Practice Dato’ Gan Ah Tee Peter Lim Thiam Kee
Investigation Ken Pushpanathan Datin Hj Fadzilah bte Saad
Membership Affairs Goh Lee Hwa (Ms) Lee Tuck Heng
Public Affairs Datuk Robert Yong Kuen Loke Tan Theng Hooi
Public Practice Peter Lim Thiam Kee Poon Yew Hoe
Tax Practice Beh Tok Koay Dr Veerinderjeet Singh

Past Presidents of MICPA (1958 – 2014)

2012 – 2014 Mr Ken Pushpanathan
2010 – 2012 YBhg Dato’ Seri Johan Raslan
2007 – 2010 YBhg Dato’ Nordin Baharuddin (The Late)
2004 – 2007 YBhg Dato’ Abdul Halim Mohyiddin
2002 – 2004 Mr Beh Tok Koay
1999 – 2002 YBhg Tan Sri Datuk Dr Abdul Samad Hj Alias
1998 – 1999 YBhg Datuk Ali bin Tan Sri Abdul Kadir
1996 – 1998 En Abdul Jabbar Abdul Majid
1994 – 1996 YBhg Datuk Oh Chong Peng
1992 – 1994 YM Tan Sri Dato’ Seri Arshad bin Raja Tun Uda
1989 – 1991 YBhg Dato’ Hj Zainal Abidin Putih
1987 – 1989 Mr Larry Seow Thiam Fatt
1986 – 1987 Mr Subimal Sen Gupta
1984 – 1986 YBhg Dato’ Abu Hassan Kendut
1981 – 1984 YBhg Dato’ Hj Megat Abdul Rahman
1979 – 1981 Dr Nawawi Mat Awin (The Late)
1977 – 1979 YBhg Datuk Peter Yew Min Sang
1975 – 1977 En Abdul Rahman Abdul Hamid
1973 – 1975 YBhg Tan Sri Dato’ Jaffar Hussein (The Late)
1971 – 1973 YBhg Dato’ Mohd Salleh Yusof
1969 – 1971 YBhg Tan Sri Dato’ Jaffar Hussein (The Late)
1967 – 1969 YBhg Datuk Abdul Razak Yusof (The Late)
1966 – 1967 Mr Cheah Pee Aik (The Late)
1965 – 1966 Mr C. H. Yong (The Late)
1964 – 1965 Mr Y. C. Kang (The Late)
1963 – 1964 Mr Frederick Weatherly (The Late)
1962 – 1963 Mr Chan Kum Chee
1961 – 1962 Mr H R Villiers
1959 – 1961 Mr W M Piercy (The Late)
1958 – 1959 Mr R D Stewart (The Late)
 
MICPA Secretariat

The Secretariat is responsible for the day-to-day running of the Institute and provides membership, technical advisory, education and examination services to our members and candidates.

Executive Director Mr Foo Yoke Pin
PA to Executive Director Ms Irene Ng
Operations Manager Mr Victor Liew Yew Hong
Membership Services Manager Ms Lee How Lai
Head of Examinations Ms Yong Ngeak Choo
Senior Technical Manager (Audit) Ms Hoh Kim Hyan
Technical Manager (Tax) Ms Tan Yu Yin
Marketing Manager Ms Eileen Grace Lee
Public Relations Manager Ms Sabina Pereira
Corporate Communications Manager Ms Jacqueline Gerald
Assistant Manager, Examination Ms Jess Liu
Training Executive Cik Umi Hazemah
Executive, Student Affairs Pn Ruhaizah Ibrahim
Executive, Membership Services Ms Jennifer Lee
Executive, Accounts Ms Loh Puek Fan
Executive, Technical En Muhammad Hasiib Shaharuddin