(photo) Datuk Tan Theng Hooi, MICPA President, delivering his opening speech to guests at the signing ceremony.
The Association of Chartered Certified Accountants (ACCA) and the Malaysian Institute of Certified Public Accountants (MICPA) have renewed their agreement to develop and strengthen the accountancy profession in Malaysia. The Mutual Recognition Agreement (MRA), which was signed in August 2007, will now run for another five years until 2022.
Commenting on the agreement, Brian McEnery, President of ACCA says: “Our MRA was first created with the objective of supporting MICPA in helping to meet the demand for accountants in line with the Malaysian government’s transformation agenda. Our bodies share many of the same values and we are committed to promoting responsible and ethical business, as well as supporting sustainable global economic performance. Our partnership with national bodies such as MICPA has been significant in contributing to the success of the profession here in Malaysia.”
The accounting profession has been steadily experiencing growth worldwide, reflecting the demand for accredited professional accountants who have expertise in international standards. Both ACCA and MICPA believe that the profession is best served by partnerships which promote high accounting and ethical standards, enhancing the value of accountants in a growing economy.