ACCA (the Association of Chartered Certified Accountants) and MICPA (the Myanmar Institute of Certified Public Accountants) are embarking on a capacity building programme to unlock the potential for the profession in Myanmar. The project is part of the IFAC (International Federation of Accountants) Professional Accountancy Organisation Capacity Building Programme, funded with aid from the UK government through an agreement between IFAC and DFID (the Department for International Development).
The project will see ACCA working with the national body, MICPA, building on the historic collaboration between the two organisations.
It will also support MICPA with development of a strategic plan to enhance their continued evolution as a sustainable professional body. The project will strengthen MICPA in its role of serving the accountancy profession in Myanmar and achieve their objective of IFAC membership. The project, and the investment in it, recognises that the country’s accountancy profession, supported by a strong professional accountancy organisation, will play a key role in Myanmar’s continued economic growth.
Helen Brand OBE, chief executive of ACCA explains: ‘This project shows that by working together we can build an accountancy profession that delivers public value and acts in the public interest. We’ll create an action plan for MICPA’s membership of IFAC, working closely with MAC (the Myanmar Accountancy Council) and Office of the Auditor General throughout the project.’
Mr Tin Shein, CEO of MICPA says: ‘Myanmar’s economy is continuing to grow, and as such there is a clear need for a robust accounting profession that can drive and support the economic growth of both the private and public sectors. Myanmar is looking to be a market-based economy with a healthy investment climate, which needs private investment, both domestic and cross-border. MICPA members will be working hard to help grow our economy.’
‘IFAC believes an effective, modern accountancy profession advances economies and helps to create wealth. This project will contribute to Myanmar’s ongoing economic reform by working to modernise its accountancy profession,’ said Alta Prinsloo, IFAC Executive Director, Quality & Development. ‘We are delighted to champion this important initiative and we look forward to a successful project.’
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ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants, offering 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.
ACCA supports its 200,000 members and 486,000 students in 180 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. ACCA works through a network of 101 offices and centres and more than 7,200 Approved Employers worldwide, who provide high standards of employee learning and development. Through its public interest remit, ACCA promotes appropriate regulation of accounting and conducts relevant research to ensure accountancy continues to grow in reputation and influence.
ACCA is currently introducing major innovations to its flagship qualification to ensure its members and future members continue to be the most valued, up to date and sought-after accountancy professionals globally.
Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. More information is here: www.accaglobal.com