ACCA (the Association of Chartered Certified Accountants) reached a milestone in opening its 91st office in Myanmar, strengthening its global presence.
The move is in line with ACCA’s commitment to acting in the public interest, promoting ethical business and supporting economic growth in Myanmar.
Myanmar has undergone significant political and economic reforms in recent years. As interest in the country grows, there is a growing need for qualified business and finance leaders who are well-versed in finance, management, strategy, corporate governance, and ethics.
ACCA has built strong ties with national organizations in Myanmar who share similar commitments to championing sustainable businesses that create economic advancement and development in the country.
ACCA was the first global professional accounting body to sign a Memorandum of Understanding with Myanmar’s national accounting body – MICPA (the Myanmar Institute of Certified Public Accountants). Recently, it signed an agreement with UMFCCI (the Republic of Union of Myanmar Federation of Chambers of Commerce and Industry) - Myanmar’s leading not-for-profit body representing the interests of businesses and enterprises.
Kyaw Lwin Oo has been named as the head of ACCA Myanmar. Joining ACCA from his position as deputy director at Temasek International College, Mr Lwin brings to ACCA his extensive experience in management, strategy and operations in the higher education sector.
He also has an in-depth understanding of employers and the media in the country, having previously worked at Myanmar’s apex body for business, UMFCCI, and as editor at a prominent publishing house.
Mr Lwin said: 'We have more than 2,500 students in the country, so we are working closely with them to ensure they become complete finance professionals, who are ready for the world of work.
'I am sure that together with our partnerships with other organisations such as the Office of the Auditor General, MICPA and the UMFCCI, we can develop a growing base of students and members here, which will make the accountancy profession flourish.'
Ms. Helen Brand OBE, ACCA’s Chief Executive said: 'I am delighted that we have established a presence in Myanmar. ACCA qualified finance professionals contribute positively to businesses and economies in all stages of development. We look forward to further strengthening relationships with the government, regulators, universities, the national body, MICPA and other organizations in Myanmar. We will continue supporting Myanmar’s economic and social developments and deliver public value.'
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Notes to Editors
- 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 162,000 members and 428,000 students in 173 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. We work through a network of 91 offices and centres and more than 8,500 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.