The control freaks running the ACCA don't bother telling memebrs anything about matters which have serious consequences for the furture of the ACCA. The press clipping below shows that moves are afoot to unite the Malaysian accountancy bodies. This move will also coincide with changes in Malaysian legislation which will withdraw statutory recognition for ACCA.
The Malaysian Institute of Accountants (MIA) is already reducing its reliance upon ACCA and from 2001 it will be setting its own exam papers.
From the Star Newspaper in Malaysia
Thursday, July 22, 1999
JOHOR BARU: The Malaysian Institute of Accountants (MIA) is
proposing that all members be known as chartered accountants to
unify the profession and enhance the standing of local qualifications.
Its president Datuk Hanifah Noordin said that using one
qualification would facilitate the international marketing of the
profession under the framework of the World Trade Organisation
He said there was no impediment in designating local accountants
as "chartered accountants" as the Royal Charter was only a form of
In line with the proposal, a professional MIA examination based on
international syllabus would be conducted.
"By having our own examination, we will have to benchmark the
qualification against foreign qualifications, especially with the
pressure for further liberalisation of trade and services under the
WTO framework," Hanifah said in an interview.
MIA southern branch chairman Tony Seah said that 12,800
members, all of whom were graduates of the Malaysian
Association of Certified Public Accountants (MACPA) and 10
foreign professional bodies, were eligible to use the chartered
accountant designation once the proposal was adopted.
The MIA is on a nationwide tour to explain to members the need for
a single class of accountants to unify the present three
categories--Public Accountants, Registered Accountants and
Other questions facing members are whether the present
accountancy syllabus conducted by institutions of higher learning
should be maintained and the relevancy and duration of practical
experience to obtain full qualification.
Hanifah said there were several qualification titles such as
Certified General Accountants and Certified Practising
Accountants which were not recognised in countries such as
Canada and Australia.
He said the MIA would introduce the Accounting Technician
examination based on a global accounting curriculum issued by the
United Nations Conference on Trade and Development on
International Standards of Accounting and Reporting.
He said a committee formed by Universiti Putra Malaysia
Vice-Chancellor Tan Sri Prof Dr Syed Jallaludin Syed Salim would
look into the development of the syllabus and content for the
He said that assistance had been sought from foreign accountancy
consultants to develop the examination.
Copyright © 1999. Star Publications (Malaysia) Bhd. (Co No.
All rights reserved.