The Malaysian Institute of Certified Public Accountants (MICPA) has been developing the accounting profession in Malaysia for over six 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 3,500 members and close to 1,000 registered candidates. Members of the Institute are professionally-qualified “Certified Public Accountants” bearing the CPA (M) title.
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 Chartered Accountants Australia and New Zealand (then known as 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 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. Graduates of the MICPA x CA ANZ Qualifying Programme are eligible to 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 to suit business professionals practising in Malaysia whilst increasing their accessibility to the accounting profession on international shores. The partnership between MICPA and CA ANZ 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 global network of professional accounting bodies in 12 different countries.
I chose 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 programme serves not only local requirements, but also addresses international needs.
Calvin Tee G-Mun, MICPA Member
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 Chartered Accountants Australia & New Zealand (then known as 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
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) & International Standards on Auditing (ISA) in Malaysia;
- Development of Malaysian Accounting & Auditing Standards for application where specific standards are necessary in order to comply with local business conditions & statutory requirements;
- Working jointly with relevant Government authorities in developing accounting & reporting standards for specialised industries such as banking & financial services and insurance;
- Working in consultation with various regulatory authorities in reviewing existing regulations & legislations, & in the development of new ones;
- Providing the Government with technical assistance in whatever areas that might require the application & 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 & guidelines;
- Full recognition for these standards – not only by the business community, both local & international, but also the regulatory authorities & most significantly the Government;
- A high stature in international circles & forums. MICPA is 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’ Gan Ah Tee is a Council member of MICPA since 2008. He is the Managing Partner of BDO in Malaysia and Regional Senior Partner of BDO in ASEAN. With over 38 years’ experience in auditing, accounting and advisory services, Dato’ Gan specialises in corporate turnaround and financial restructuring of under-performing companies. Dato’ Gan is also a Council Member of MIA and a member of its Oversight Committee. He was a Council Member of ICAEW and member of the Financial Reporting Foundation, a trustee body responsible for the oversight of the Malaysian Accounting Standard Board’s performance, financial and funding arrangements. Dato’ Gan was conferred an Honorary Degree of Doctor of Laws by the University of Nottingham. He sits on the Advisory Board for the Nottingham University Business School and is also a member of the Industrial Advisory Board for the Professional Accounting Programme of Sunway College.|
|Soo Hoo Khoon Yean is a Council Member of MICPA and an Executive Committee member since 2020. He is PwC Malaysia’s Managing Partner and the Territory Senior Partner of the PwC Malaysia-Vietnam (MYVN) firm. He is also the Chairman of PwC’s South East Asia Consulting practice. He has over 27 years of diversified experience providing audit and business advisory services to clients in the financial services industry in Malaysia as well as around the region. Over the course of his career, Soo Hoo has led various engagements, advising some of Malaysia’s largest public listed institutions and government agencies in various projects ranging from mergers & acquisitions, internal investigations to IFRS implementations. He used to serve as a member of the ACCA Malaysia Advisory Council as well as a Council Member of the Malaysian Institute of Accountants (MIA). Currently, he remains as a member of the Public Practice Committee (PPC) in MIA. Soo Hoo is also a Board Member of the British Malaysian Chamber of Commerce (BMCC).|
The MICPA Council – 2021/2022
|Dato’ Gan Ah Tee (President)|
|Soo Hoo Khoon Yean (Vice President)|
|Dato’ Abdul Rauf Abdul Rashid|
|Beh Tok Koay|
|Theresa Goh Lee Hwa (Ms)|
|Datuk Johan bin Idris|
|Alex Khaw Hock Hoe|
|Andy Lee Kong Weng|
|Peter Lim Thiam Kee|
|Dato’ Megat Iskandar Shah bin Mohamad Nor|
|Mohd Muazzam Mohamed|
|Ng Kim Tuck|
|Nurul A’in binti Abdul Latif|
|Ong Chee Wai|
|Patrick Ng Gan Hooi|
|Poon Yew Hoe|
|Rozaini bin Mohd Sani|
|Desmond Tan Chee Beng|
|Tang Seng Choon|
|Stanley Teo Swee Chua|
|Thong Foo Vung|
|Dr Veerinderjeet Singh (Immediate Past President)|
|Yee Wing Peng|
|Datuk Robert Yong Kuen Loke|
|Gary Yong Yoon Shing|
Committees – 2022-2023
|Executive||Dato’ Gan Ah Tee|
|Accounting & Auditing Technical||Tang Seng Choon||Patrick Ng Gan Hooi|
|Commerce Industry & Public Sector||Rozaini bin Mohd Sani||Mohd Muazzam Mohamed|
|Disciplinary||Stanley Teo Swee Chua||Dr Veerinderjeet Singh|
|Education & Training||Nurul A’in Abdul Latif (Pn)||Yee Wing Peng|
|Examination||Thong Foo Vung||Ong Chee Wai|
|Financial Statements Review||Ong Chee Wai||Soo Hoo Khoon Yean|
|Insolvency Practice||Peter Lim Thiam Kee||Gary Yong Yoon Shing|
|Investigation||Dato’ Abdul Rauf Rashid||Theresa Goh Lee Hwa (Ms)|
|Membership Affairs||Theresa Goh Lee Hwa (Ms)||Desmond Tan Chee Beng|
|Public Affairs||Datuk Robert Yong Kuen Loke||Alex Khaw Hock Hoe|
|Public Practice||Poon Yew Hoe||Andy Lee Kong Weng|
|Tax Practice||Beh Tok Koay||Yee Wing Peng|
Past Presidents of MICPA (1958 – 2022)
|2019 – 2022||Dr Veerinderjeet Singh|
|2017 – 2019||YBhg Datuk Tan Theng Hooi|
|2014 – 2017||Dato’ Abdul Rauf Rashid|
|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)|
List of Principal Office Bearers and Officers of MICPA
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.
|Chief Executive Officer||Novie Bin Tajuddin|
|Executive Director, Technical||Chiam Pei Pei (Ms)|
|Head, Technical (Tax & Insolvency)||Tan Yu Yin (Ms)|
|Head, Marketing & Strategic Engagement||Eileen Grace Lee (Ms)|
|Head, Education & Continuing Professional Development (CPD)||Gilbert Lai|
|Head, Examination||K. Vejaya Suriya (Ms)|
|Head, Membership Services||TBC|
|Assistant Manager, Student Affairs||Jess Liu (Ms)|