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 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 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 14 Committees and numerous working groups.
|Dr Veerinderjeet Singh is a Council Member of MICPA since 2004 and an Executive Committee Member since 2010. He is currently Non-Executive Chairman of Tricor Services (Malaysia) Sdn Bhd, which is the holding entity of all operations in Malaysia involving corporate secretarial services, payroll outsourcing, tax advisory and strategic business consulting services. He also sits on the Boards of Malaysian Rating Corporation Berhad, AmBank (M) Berhad and UMW Holdings Berhad. Dr Veerinder has more than 30 years of experience in the fields of accounting and taxation and has served in the Inland Revenue Department, University of Malaya (as an Associate Professor), Arthur Andersen and Ernst & Young (as a Tax Partner/Executive Director). He has also authored a number of tax publications. He has been a Council Member of the Malaysian Institute of Accountants (MIA) and was Past President of the Chartered Tax Institute of Malaysia. He was appointed by the Malaysian Minister of Finance as a member of the Tax Reform Committee in September 2018. He is also a member of the Commission on Taxation of the International Chamber of Commerce based in Paris and a member of the Board of Trustees of the International Bureau of Fiscal Documentation (a tax research and consultancy body) based in Amsterdam.|
|Dato’ Gan Ah Tee is a Council Member of MICPA since 2008 and an Executive Committee Member since 2010. He is also Chairman of its Insolvency Practice Committee (IPC). He is currently the Managing Partner of BDO in Malaysia and Regional Senior Partner of BDO in ASEAN. Prior to that, he was the Managing Director of the Financial Advisory Services Department at KPMG Malaysia.With over 35 years’ experience in auditing, accounting and financial advisory, Dato’ Gan specialises in corporate turnaround and financial restructuring of under-performing companies, and has extensive experience in the field of corporate finance and advisory assignments.Dato’ Gan is the Past President of IPAM. He is also a Council Member of ICAEW representing ASEAN and a member of the Worshipful Company of Chartered Accountants in England and Wales. He is a member of the Financial Reporting Foundation (FRF), a trustee body responsible for the oversight of the Malaysian Accounting Standard Board’s (MASB) performance, financial and funding arrangements, and as an initial source of views for the MASB on proposed standards and pronouncements.Currently, he is a member of MIA’s Council as well as the IPC Chairman. Dato’ Gan sits on the Advisory Board for the Business and Accounting Faculty of the University of Malaya and is a member the Industrial Advisory Board for the Professional Accounting Programme of Sunway College.|
The MICPA Council – 2020/2021
|Dr Veerinderjeet Singh(President)|
|Dato’ Gan Ah Tee (Vice President)|
|Dato’ Abdul Rauf Abdul Rashid|
|Dato’ Ahmad Fuaad bin Mohd Kenali|
|Beh Tok Koay|
|Datin Hajjah Fadzilah bte Saad|
|Goh Lee Hwa (Ms)|
|Datuk Johan bin Idris|
|Alex Khaw Hock Hoe|
|Lee Tuck Heng|
|Peter Lim Thiam Kee|
|Loh Lay Choon (Ms)|
|Dato’ Megat Iskandar Shah bin Mohamad Nor|
|Ng Kim Tuck|
|Ong Chee Wai|
|Patrick Ng Gan Hooi|
|Poon Yew Hoe|
|Rozaini bin Mohd Sani|
|Tang Seng Choon|
|Dr Teh Chee Ghee|
|Stanley Teo Swee Chua|
|Thong Foo Vung|
|Yee Wing Peng|
|Datuk Robert Yong Kuen Loke|
|Gary Yong Yoon Shing|
|Desmond Tan Chee Beng|
|Mohd Muazzam Mohamed|
|Andy Lee Kong Weng|
|Soo Hoo Khoon Yean|
Committees – 2020-2021
|Executive||Dr Veerinderjeet Singh|
|Accounting & Auditing Technical||Lee Tuck Heng||Tang Seng Choon|
|Commerce & Industry||Rozaini bin Mohd Sani||Dato’ Ahmad Fuaad bin Mohd Kenali|
|Disciplinary||Thong Foo Vung||Soo Hoo Khoon Yean|
|Education & Training||Datuk Johan Idris||Dr Teh Chee Ghee|
|Examination||Loh Lay Choon (Ms)||Thong Foo Vung|
|Financial Statements Review||Stanley Teo Swee Chua||Ong Chee Wai|
|Insolvency Practice||Ken Pushpanathan||Dato’ Abdul Rauf Rashid|
|Investigation||Dato’ Gan Ah Tee||Peter Lim Thiam Kee|
|Membership Affairs||Goh Lee Hwa (Ms)||Desmond Tan Chee Beng|
|Public Affairs||Datuk Robert Yong Kuen Loke||Alex Khaw Hock Hoe|
|Public Practice||Poon Yew Hoe||Peter Lim Thiam Kee|
|Tax Practice||Beh Tok Koay||Yee Wing Peng|
Past Presidents of MICPA (1958 – 2017)
|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|
|Head, Strategic Engagement and Stakeholders’ Interest||Syed Aswad Bin Syed Izaddin|
|Head, Marketing||Eileen Grace Lee (Ms)|
|Marketing Manager||Shanta Gnana (Ms)|
|Director, Technical (Audit)||Chiam Pei Pei (Ms)|
|Head, Technical(Tax & Insolvency)||Tan Yu Yin (Ms)|
|Head, Continuing Professional Development||Noreen Kong (Ms)|
|Head, Examination||K.Vejaya Suriya (Ms)|
|Head, Education||Gilbert Lai|
|Assistant Manager,Education||Ashley Chan (Ms)|
|Head, Membership Services||Atillea Razali (Ms)|
|Assistant Manager, Student Affairs||Jess Liu (Ms)|