The Malaysian Institute of Certified Public Accountants (MICPA) has been developing the accounting profession in Malaysia for over five decades by providing accounting graduates with an avenue to become a Certified Public Accountant (CPA). Since its establishment in 1958, MICPA has played a key role in the setting of accounting standards and technical advisory 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.
The Institute is a founding member of the International Federation of Accountants (IFAC) and has contributed significantly to sustaining the accounting profession nationally, as well as globally. MICPA has demonstrated its dedication in protecting public interest by promoting convergence to international standards through participation in the IFAC Compliance Program.
In 2009, a Memorandum of Understanding (MoU) was signed between MICPA and the Institute of Chartered Accountants Australia (ICAA), 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.
In 2014, we saw the amalgamation between ICAA and the New Zealand Institute of Chartered Accountants (NZICA) which led to the establishment of Chartered Accountants Australia and New Zealand (CAANZ). Now, graduates of the MICPA-CAANZ Programme will obtain 2 professional qualifications – CPA (Malaysia) and CA (ANZ).
The depth of technical accounting knowledge and understanding of the Malaysian business environment has helped MICPA shape its core professional accountancy programme – the MICPA-CAANZ Programme, to suit business professionals practicing in Malaysia whilst increasing their accessibility to the accounting profession on international shores. The partnership between MICPA and CAANZ 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 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 incorporated under the Companies Ordinances (1940 – 1946) as a self-regulatory accountancy body. Subsequently, the Association became The Malaysian Association of Certified Public Accountants (MACPA) on July 6, 1964, and was finally renamed The Malaysian Institute of Certified Public Accountants (MICPA) on January 29, 2002.
In 2009, MICPA signed a Memorandum of Understanding (MoU) with the Institute of Chartered Accountants Australia (ICAA), sealing a new era of professional ties promoting the interest of students, members and the accounting profession. The MoU provides for:
- The delivery of a joint Professional Accounting Programme in Malaysia, granting graduates of the Programme with the eligibility to become members of both Institutes
- Mutual recognition for members of both Institutes
- Collaboration between Institutes in the organising of thought leadership events in Malaysia
A new development in 2014 saw the amalgamation of ICAA and the New Zealand Institute of Chartered Accountants (NZICA) which led to the establishment of Chartered Accountants Australia and New Zealand (CAANZ), a 100,000-strong membership of professionals. With the merger, graduates of the joint Programme will obtain 2 professional qualifications and be entitled to use the credentials CPA (Malaysia) and CA (ANZ) as members of both Institutes.
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.
|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).
|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)|
|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|
|Dato’ Yeo How|
Committee – 2014/2015
|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)|
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|
|Head of Examinations||Ms Yong Ngeak Choo|
|Senior Technical Manager (Audit)||Ms Hoh Kim Hyan|
|Senior Marketing Manager||Ms Eileen Grace Lee|
|Operations Manager||Mr Victor Liew Yew Hong|
|Membership Services Manager||Ms Lee How Lai|
|Technical Manager (Tax)||Ms Tan Yu Yin|
|Public Relations Manager||Ms Sabina Pereira|
|Assistant Manager, Examination||Ms Jess Liu|
|Training Executive||Cik Umi Hazemah|
|Marketing Executive||En Zaharin Md Jahim|
|Executive, Student Affairs||Pn Ruhaizah Ibrahim|
|Executive, Membership Services||Ms Jennifer Lee|
|Executive, Accounts||Ms Loh Puek Fan|
|Executive, Technical||En Muhammad Hasiib Shaharuddin|
|Executive, Technical||Cik Fara Naziha|