ICAA-MICPA Memorandum of Understanding (MoU)
From the Desk of Executive Director
It gives me great pleasure to announce that a Memorandum
of Understanding (MoU) that will have significant impact towards the development
of professional education in Malaysia was signed by The Institute of Chartered
Accountants in Australia (ICAA) and The Malaysian Institute of Certified Public
Accountants (MICPA) on Tuesday, February 24, 2009.
The MOU marks another significant milestone in MICPA's continuous efforts to
enlarge its global footprint and will seal a new era of professional ties for
the Institute. The signing of the MoU has sealed a new era of professional ties
and marks another important milestone for both bodies in the quest to work
closely with each other to provide synergy in promoting the interest of
students, members and the accountancy profession.
In a bid to establish
synergistic partnership in professional education and training to meet the
challenges of globalisation, the MoU will provide for mutual eligibility of
entry for students into both of the accountancy bodies' upon completion of the
revised MICPA program.
The MoU has been reached on the basis of sound
educational review of each other's syllabus. The principles of cooperation and
collaboration embedded in the MoU provides for Recognition, Examination &
Membership arrangements between the two Institutes, amongst which are:
- Development of a Revised Qualifying Program for MICPA that incorporates
education modules of both ICAA and MICPA;
- Exchange of data, intelligence, education materials and resource persons; and
- Once a student of MICPA completes the revised qualifying program and other
admission requirements satisfactorily, the student will be eligible to apply for
membership of both MICPA and ICAA.
The Revised Qualifying Program will be launched in June 2009. The
Signing of the MoU was witnessed by YB Senator Tan Sri Amirsham A Aziz, Minister
in the Prime Minister's Department. HE Ms Penny Williams, Australian High
Commissioner to Malaysia was also present at the ceremony.
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