Academy Level in Accounting
1- Bachelor of Accounting (Honors) - 4 years
2- Diploma in Business Studies (Accounting) - 2 years

An Accounting programme provides a spectrum of knowledge and skills required for a career in the accountancy and finance profession.
The curriculum covers key areas such as financial accounting & reporting, management accounting & control, accounting information systems, audit & assurance, public sector accounting, taxation, corporate governance and professional values & ethics.

Career Prospects for accounting graduates
• Accounting
• Corporate Reporting
• Corporate Finance
• Management Accounting
• Financial Management • Assurance Services
• Treasury
• Taxation
• Business Analysis
• Business Consultancy
• Finance
• Risk Management • Advisory
• Financial Analysis
 

Committed to Progress & Quality  
Malaysian Institute of Accountants (MIA) is the profession's regulatory body of policing and enforcement.
It has been shown that there is a direct correlation between a country's level of development vis-à-vis the size. level and standards of the accountancy profession. Accountants are crucial when it comes to recording, collating and summarizing raw financial data into reports. They interpret, analyze and recommend corrective actions. They are the watchdogs of business and governance.
Since business is the lifeblood of Malaysia, it stands to reason that promoting quality accountancy practices will raise the standard of governance and business in Malaysia. MIA is dedicated to raising the bar of accounting quality, We are committed to our mission of developing and sustaining professional quality and expertise that can meet the most demanding global standards.
Development is also crucial to guarantee the accountant a place in the future. Currently, Malaysia is in the process of transformation, shifting from an industrial economy to a knowledge-based economy. As a business changes, requirements become more fluid, the accountant is no longer a mere number- cruncher. Instead, an accountant must be technically competent and informed on a wide variety of subjects, in order to provide the best and highest value-added services for his or her clients.
MIA is dedicated towards moulding and shaping this new breed of accountants by providing opportunities for lifelong learning. To sustain professional development and growth, MIA has chosen to deliver education and training via the key channels of conventions, conferences, seminars and workshop, all of which are held on regular basis.

 

Governing the Profession
The Malaysian Institute of Accountants (MIA) was established in 1967 under the Accountants Act 1967 (Act') as the regulatory body of the profession in Malaysia. Thus, it also represents the voice of all accountants in the country.

In Malaysia, the word 'accountant' is protected under the provisions of the Act, which states that no one can hold himself or herself out or practice as an accountant unless he or she is registered as a member of MIA.

The Institute is governed by a Council whose powers are set out under Sections 9 and 10 of the Act, The Council comprises 30 members including the Accountant-General. Others in the Council include the President of the Malaysian Institute of Certified Public Accountants (MICPA, previously MACPA); 10 members elected at the annual general meeting; and up to 18 members appointed by the Government including members from recognized institutions of higher learning and recognized professional bodies.
 

Malaysian Institute of Accountants (MIA) Duties
The Institute's statutory functions inter alias are:
To determine the qualifications of persons for admission as members
To provide for the training and education by the Institute or any other body of persons practicing or intending to practice the profession of accountancy
To regulate the practice of the accountancy profession in Malaysia
To promote, in any manner it thinks fit. the interests of the accountancy profession in Malaysia
As the national accountancy body, MIA sets high ethical standards which must be adhered to by all accountants in Malaysia. All accountants are bound by MIA's strict code contained in the MIA's By-Laws (On Professional Conduct and Ethics), Any breach of these By-Laws by members may render them liable to face disciplinary proceedings,
The Institute also monitors local and international accounting developments and consults regularly with government and statutory bodies. Members of MIA receive technical support and information on the latest developments in the profession through the Institute's Continuing Professional Education (CPE) programme and the Institute's magazine. Accountants Today, as well as through circulars, updates and other pronouncements.
In the international arena, MIA is a member of the International Federation of Accountants (IFAC). It supports the work of this body and adopts as far as possible the IFAC pronouncements in Malaysia. MIA is represented in the International Auditing and Assurance Standards Board (IAASB). In the regional scene, MIA plays a proactive role as a member of the Confederation of Asian and Pacific Accountants (CAPA) and the Asean Federation of Accountants (AFA).
 

MIA QE: Alternative Route
Eligibility
Section 15A (2) of the Act provides that a person shall only be eligible to sit for the MIA Qualifying Examination if he/ she possesses a qualification relating to accounting, business or finance recognized by the Public Services Department or other qualifications approved by the MIA Council. This includes;
overseas graduates
students who have graduated from twinning programmes
students who have graduated from 3+0 programmes

However, pursuant to Rule 3 (3) of the Malaysian Institute of Accountants QE Rules, 2002, the accounting content in the above qualifications must not be less than 60 per cent of the total qualification that will be assessed by the MIA Examination Committee.
Application of Candidacy

Interested applicants are requested to submit the application form for candidacy together with the processing and candidacy fees amounting to RM 300.OO/- to MIA to be processed by the MIA Examination Committee. The application form for candidacy can be obtained at the MIA office or downloaded from the MIA website
at www.mia.org.my. The Examination Committee will issue the successful candidate with a Certificate of Candidacy that will be valid for a period of two years. For those whose applications are rejected by the Examination Committee or withdrawn by the applicants, MIA will refund the candidacy fee of RM 200.00.

Application for Examination.
An application to sit for the MIA QE shall be submitted to the Examination Committee in the prescribed form together with a copy of the Certificate of Candidacy. This application form can be obtained at the MIA office or downloaded from the Institute's website. The examination consists of four (4) papers and candidates have the option of registering for all four (4) papers at one sitting or stagger the papers over a maximum period of four years. The examination fee is RM200 per paper. The examination will be held twice every calendar year in March and September.

 

Examination Syllabus.

The MIA QE consists of four (4) papers as listed below:
Business and Company Law (BCL)
Auditing and Assurance Services (ADD)
Taxation (TAX)
Advanced Financial Accounting and Reporting (AFAR)
The syllabus for each examination paper is designed to assess the candidate's knowledge and skills in the respective area of study.

OBJECTIVE - BCL To provide a sound knowledge of the core elements of Malaysian Business Law together with a through understanding of the Malaysian Company Law and its regulations with their applications in the management and administration of companies.
OBJECTIVE - AUD To equip candidates with knowledge and understanding of the audit process when performing the audit of financial statements including consideration of other issues relating to provisions of audit-related and assurance services.

OBJECTIVE - TAX To equip candidates with the knowledge and understanding of the basic concepts, principles and current tax practices in Malaysia as well as the ability to solve practical problems and to be familiar with aspects of other relevant legislation.

OBJECTIVE - AFAR To equip candidates with knowledge and skill in applying financial reporting standards in preparing financial statements for public companies including group of companies.

Examination Administration
Universiti Teknologi Mara (UiTM) has been appointed as the examination body to conduct the MIA QE for a period of three years. UiTM will set the examination, mark and assess the answer scripts and forward the examination results to the MIA Examination Committee. The university was selected based on its impressive track record, staff strength and excellent infrastructure.
Examination Centre(s)
In addition to its campus in Shah Alam, UiTM may conduct the examination at selected centres in Johor Bharu, Melaka, Ipoh/ Pulau Pinang, Kota Bharu, Kuantan, Kuching and Kota Kinabalu, if there are a minimum number of candidates in these states.

Certificate of Successful Completion and Membership into MIA
Upon completion of all four papers, the successful candidate will obtain a Certificate of Successful Completion from MIA. To qualify for MIA membership, in addition to obtaining the Certificate of Successful Completion, applicants would need to gain three (3) years of practical accounting experience in the service of a chartered accountant or in a government department, bank, insurance company, local authority or other commercial, financial. industrial or professional organization or other undertaking approved by the MIA Council.
 

MIA QE : Application Process

Submit application for Certificate of Candidacy to MIA with
a. Processing fee : RM 100,00 (non-refundable)
b. Candidacy fee : RM 200.00

Approval by MIA Examination Committee  

Issuance of Certificate of Candidacy  

Submit Application for Examination to MIA (1-4 papers) with relevant fees (RM200 per paper)  

Issuance of Examination Docket  

Sit for Examination  

Notification of results/ issuance of Certificate of Successful Completion by MIA

 

How to Become an MIA Member
All persons practicing as accountants or auditors in Malaysia must be registered with the Institute. There are three categories of membership:
Chartered Accountants
Licensed Accountants
Associate Members

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