Friday, December 26, 2014

The Way To Be An Accountant





Q1. What are the categories of membership in MIA?
Membership of the Institute is classified into three (3) categories:
(a) chartered accountant;
(b) licensed accountant; and
(c) associate member.

Q2. I would like to apply to be a member of MIA. How do I go about it?
There are two prerequisites for a person to apply for MIA membership. You must have:
i) obtained one of the qualifications recognised by MIA (please refer to Q.3, Q.6 and Q.7)
ii) obtained not less than 3 years relevant practical working experience in areas related to accounting.
If you have fulfilled the above requirements, you may apply for membership into MIA. To register, you are required to complete and submit the MIA application form to the Institute with all the relevant documents.

Registering as a Chartered Accountant

Q3. What are the requirements to become a chartered accountant of MIA?
Any person wishing to apply for membership into MIA as a Chartered Accountant needs to have one of the following qualifications recognised by the Institute:
i)
Have passed any of the final examination specified in Part 1 of the First Schedule of the Accountants Act, 1967; or
ii)
Be a member of any of the recognised bodies specified in Part II of the First Schedule of the Accountants Act, 1967; or
iii)
Be eligible to sit for and has passed the Malaysian Institute of Accountants Qualifying Examination (QE).
Unless a person does not possess a qualification recognised under Part 1 and Part II of the First Schedule to the Act, the MIA QE provides an alternative pathway for admission to become a MIA member.In addition, applicants would need to gain 3 years of practical working experience in the service of chartered accountant or in a government department, bank, insurance company, local authority or other commercial, financial, industrial or professional organisation.

Q4. Does MIA recognise overseas degrees to gain admission into the Institute? Do I have to sit for any examination before becoming a member?

The Act does not recognise any overseas degrees for purposes of admission into the Institute. However, those who possess qualifications not lower than a first degree relating to accounting, business or finance recognised by the Public Services Department or other qualifications approved by the MIA Council may be eligible to apply to sit for the MIA QE. Upon completion of the examination and together with the relevant practical experience, he/she would be eligible to apply for membership as a Chartered Accountant.

Q5. If I am a member of an overseas professional body, do I have to sit for further examination?

No. If you are a full member of a professional body recognised by MIA, you will be eligible to apply for MIA membership as a Chartered Accountant.

Registering as a Licensed Accountant
Q6. What is the requirement to become a licensed accountant of MIA?

Applicants under the licensed accountant category must possess one of the following:
i) Granted limited or conditional approval to act as an auditor of companies under section 8(6) of the Companies Act 1965, or been in public practice as an accountant, a tax consultant or a tax adviser immediately before the Accountants Act, 1967; or
ii) Member of the Malaysian Society of Accountants and passed any of the final examinations of that body last held in December 1992 and gain 3 years working experience in the service of chartered accountant or in a Government department, bank, insurance company, local authority or other commercial, financial, industrial or professional organisation.

Registering as an Associate Member
Q7. What is the requirement to become an associate member of MIA?

A person in academia (Lecturers/Professors) would be eligible to apply for the Associate Membership. The person must possess a first degree or a Masters degree or higher, in which he/she must have a major in accounting for either his first degree or Masters degree. In addition, the person must also have not less than 3 years experience in teaching accountancy or accountancy related subjects at an institution of higher learning or equivalent. 



sources:www.mia.com