Abbreviation | MIA |
---|---|
Formation | 1 January 1967 |
Legal status | Body corporate incorporated under the Accountants Act, 1967 of the Parliament of Malaysia |
Headquarters | Kuala Lumpur, Malaysia |
Region | Malaysia |
Membership | 39,000 members (as of 31 December 2023) |
Official language | English and Malay |
President | Dato’ Seri Dr Mohamad Zabidi Ahmad |
Vice-President | Saniza Said |
Chief Executive Officer | Dr Wan Ahmad Rudirman Wan Razak |
Website | www |
Malaysian Institute of Accountants (MIA) is the umbrella body for the accountancy profession in Malaysia. It was established under the Accountants Act, 1967 to regulate and develop the accountancy profession in this country. MIA operates under the purview of the Ministry of Finance through the Accountant General's Department.
MIA is the only accountancy body empowered by law to regulate the accountancy profession in Malaysia, thus making MIA membership mandatory for those holding themselves out or practising as an accountant in the country. MIA’s membership encompasses both legal and market recognition for accountants in Malaysia.
Members of MIA are conferred with the designation Chartered Accountant Malaysia, abbreviated as ‘C.A.(M)’. This designation is given to a professional in accountancy, business and finance with recognised accountancy qualification and relevant work experience. At present, there are more than 38,000 MIA members working in all industries and states of Malaysia.
As an umbrella body for all the accountants in Malaysia, MIA’s responsibilities include education and quality assurance as well as enforcement, to maintain the credibility of the profession and the public interest. [1] MIA is a member of the International Federation of Accountants (IFAC) [2] and the ASEAN Federation of Accountants (AFA). [3]
MIA hosted the 18th World Congress of Accountants from 8–11 November 2010, which was held at the Kuala Lumpur Convention Centre. A record number of 6,000 delegates from 134 countries participated. The Congress, which originated in 1904 and has been held regularly since 1977, was jointly organised by the MIA and the International Federation of Accountants (IFAC). [4]
The President is elected among the members of MIA Council. Among those who served as President are:
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The accountancy profession in Malaysia is regulated by the Malaysian Institute of Accountants (MIA) through the powers conferred by the Accountants Act, 1967. The MIA is an agency under the Ministry of Finance and reports directly to the Accountant General Office. As at 4 February 2016, MIA has 32,618 members of which 68% are involved in commerce and industry, 22% in public practice and 10% in government and academia. Selangor and the Wilayah Persekutuan Kuala Lumpur Federal Territory have the largest concentration of MIA membership with 13,125 and 7,351 members respectively. https://web.archive.org/web/20150725035639/http://www.mia.org.my/new/members_statistics_state.asp
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