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.
| * | 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. |