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, or better known as CPA since 1958. MICPA has been a cornerstone in the setting of accounting standards since then and has played a technical advisory role for Malaysian regulatory bodies responsible for carving out the business and financial landscape of this nation since its formation. MICPA has more than 3,100 members and over 500 registered students. Members of the Institute are entitled to the description “certified public accountant” and to the designation CPA.
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 and marks another important milestone for both bodies in the quest to work closely with each other in promoting 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
On July 26, 1958, “The Malayan Association of Certified Public Accountants” was formed by 20 members under the Companies Ordinances, 1940 – 1946 as a professional body.
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 students, 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.
To be the premier business qualification in Malaysia, comparable to the best in the world.
- 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.
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.
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.
|Mr Ken Pushpanathan retired as a Partner of Ernst & Young, Malaysia on December 31, 2009. He is currently an independent non-executive director and Chairman of the audit committees of IJM Corporation Berhad and IJM Plantations Berhad, as well as an independent non-executive director of Sun Life Malaysia Assurance Berhad (formerly known as CIMB AVIVA Assurance Berhad) and Sun Life Malaysia Takaful Berhad (formerly known as CIMB AVIVA Takaful Berhad). He also serves as a Trustee of a number of non-profit Foundations/Organisations and as a member of the Listing Committee of Bursa Malaysia.
He is the President of MICPA, a Council Member of MIA and a Board Member of MASB as well as the Honorary Secretary of the Financial Reporting Foundation. He serves on various committees of MASB, MICPA and MIA. He was the Chairman of MICPA’s Financial Statements Review Committee and Project Chairman of the Insurance Standards Working Group of MASB on FRS 4. He also headed the MICPA Working Group, which undertook a revision of the specimen financial statements of Model Insurance Berhad.
He has served as an inaugural member of the International Federation of Accountants (IFAC’s) Developing Nations Permanent Taskforce for 2004/2005. He has been actively involved in the National Annual Corporate Report Awards (NACRA), which is jointly organised by MICPA, MIA and Bursa Malaysia, as Chairman of the Adjudication and/or Organising Committees from 2003 to 2009.
|En Mohamed Raslan is the Managing Partner of KPMG Malaysia and has been with the firm since 1995. His work experience includes audit, consulting and corporate finance in Malaysia and Australia. He specialises in restructuring, rescue plans and financing.
He was admitted as a member of the MICPA in 2002 and elected to the MICPA Council in 2003. He is also a Fellow Member of the Institute of Chartered Accountants Australia and graduated from the University of Melbourne. He is a member of the Financial Reporting Foundation from September 2009 to 2011. He was a Council Member of the Malaysian Institute of Accountants from 2009 to 2011 and re-appointed from 2013 until now.
The MICPA Council – 2013/2014
|Ken Pushapanthan (President)|
|Mohamed Raslan Abdul Rahman (Vice President)|
|Dato’ Abdul Rauf Abdul Rashid|
|Dato’ Abdul Halim Mohyiddin|
|Abdul Halim Md Lassim|
|Ahmad Fuaad Mohd Kenali|
|Beh Tok Koay|
|Datin Hajjah Fadzilah bte Saad|
|Dato’ Gan Ah Tee|
|Goh Lee Hwa (Ms)|
|Lee Tuck Heng|
|Peter Lim Thiam Kee|
|Loh Lay Choon (Ms)|
|Mohammad Faiz bin Mohammad Azmi|
|Ng Kim Tuck|
|Dr Nurmazilah Mahzan|
|Ong Chee Wai|
|Patrick Ng Gan Hooi|
|Poon Yew Hoe|
|Sukanta K Dutt|
|Robert Tan Bun Poo|
|Tan Chin Hock|
|Tan Theng Hooi|
|Stanley Teo Swee Chua|
|Thong Foo Vung|
|Dr Veerinderjeet Singh|
|Dato’ Yeo How|
|Datuk Robert Yong Kuen Loke|
|Gary Yong Yoon Shing|
Committee – 2013/2014
|Accounting & Auditing Technical||Sukanta Dutt||Ng Kim Tuck|
|Commerce & Industry||Dato’ Yeo How||Poon Yew Hoe|
|Disciplinary||Mohammad Faiz bin Mohammad Azmi||Tan Theng Hooi|
|Education & Training||Dato’ Abdul Halim Mohyiddin||Dato’ Gan Ah Tee|
|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||Dato’ Abdul Rauf Abdul Rashid||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 – 2012)
|2010 – 2012||YBhg Dato’ Seri Johan Raslan|
|2007 – 2010||YBhg Dato’ Nordin Baharuddin (The Late)|
|2004 – 2007||YBhg Dato’ Abdul Halim Mohyiddin|
|2002 – 2004||En 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||En Larry Seow Thiam Fatt|
|1986 – 1987||En 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||En Cheah Pee Aik (The Late)|
|1965 – 1966||En C. H. Yong (The Late)|
|1964 – 1965||En Y. C. Kang (The Late)|
|1963 – 1964||En Frederick Weatherly (The Late)|
|1962 – 1963||En Chan Kum Chee|
|1961 – 1962||En H R Villiers|
|1959 – 1961||En W M Piercy (The Late)|
|1958 – 1959||En R D Stewart (The Late)|
The 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|
|Marketing Manager||Ms Eileen Grace Lee|
|Membership Services Manager||Ms Lee How Lai|
|Senior Technical Manager (Audit)||Ms Hoh Kim Hyan|
|Technical Manager (Tax)||Ms Tan Yu Yin|
|Executive, Student Affairs||Pn Ruhaizah Ibrahim|
|Executive, Membership Services||Ms Jennifer Lee|
|Executive, Accounts||Ms Loh Puek Fan|
|Executive, Technical||En Ahmad Huzaifi Edzral|