MICPA (the Myanmar Institute of Certified Public Accountants) and ACCA (the Association of Chartered Certified Accountants) signed a memorandum of understanding (MOU) on the 27 January 2013.
MICPA and ACCA seek to work together to achieve and promote the highest professional, ethical, and governance standards, advance public interest in the profession, and support it in Myanmar.
The MOU, signed in the spirit of mutual cooperation, is aimed at developing the accountancy profession in Myanmar and to collaborate towards building capacity within the finance profession in Myanmar to support the country’s economic development.
The signing ceremony took place at the Republic of the Union of Myanmar Federation Chambers of Commerce and Industry. The MOU was signed by Mr. Reza Ali, Head of Emerging Markets-Asia at ACCA, and U Kyaw Tin, Chairman at MICPA.
The signing ceremony was followed by a panel discussion highlighting the vital role of the accountancy profession in the rapidly emerging Myanmar economy. The panel was moderated by U Moe Kyaw, Managing Director, Win Thin Associates, and speakers included Professor. U Maw Than and U Kyaw Tin from MICPA, Mr. Reza Ali, Head of Emerging Markets –Asia at ACCA, and Mr. Boonlert Kamolchanokkul, Partner at PwC Thailand. Mr. Kamolchanokkul is also an ACCA member and a representative member of the ACCA International Assembly.
Reza Ali said, 'This MOU is very important to ACCA and we are delighted to be working with MICPA to help the accountancy profession grow and flourish in Myanmar. MICPA and ACCA share a commitment to supporting professional accountants throughout their careers in accounting, business, and finance.
'Working with other organizations is a vital part of ACCA’s strategy and encompasses one of our core values – that of innovation. By collaborating with other organizations, we can come up with fresh initiatives to advance the progress of the accountancy function. With the agreement between ACCA and MICPA, we can ensure that together, we train and develop accountants for the future.'
U Kyaw Tin added, 'MICPA is pleased to be cooperating with ACCA. We share a strong common interest in advancing the accountancy profession in Myanmar, especially in relation to strengthening professional capacity and building the accountancy infrastructure. The MOU paves the way for MICPA and ACCA to work together on future initiatives and co-operation in areas relating to professional training, education, examinations, and research.'
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For further information, please contact:
Aziza Sheerin, Engagement Manager, Emerging Markets – Asia, ACCA
+65 6637 8177
Notes to Editors
Myanmar Institute of Certified Public Accountants (MICPA) is the professional body of accountants of Myanmar, with approximately 600 members accredited under Myanmar Accountancy Law, registered as a non-profit and non-government organization under the laws of Myanmar.
ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants. We aim to offer business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.
We support our 154,000 members and 432,000 students in 170 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. We work through a network of over 83 offices and centres and more than 8,400 Approved Employers worldwide, who provide high standards of employee learning and development. Through our public interest remit, we promote appropriate regulation of accounting and conduct relevant research to ensure accountancy continues to grow in reputation and influence.
Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. We believe that accountants bring value to economies in all stages of development and seek to develop capacity in the profession and encourage the adoption of global standards. Our values are aligned to the needs of employers in all sectors and we ensure that through our qualifications, we prepare accountants for business. We seek to open up the profession to people of all backgrounds and remove artificial barriers, innovating our qualifications and delivery to meet the diverse needs of trainee professionals and their employers.