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MICPA Mutual Recognition Agreement
ACCA and The Malaysian Institute of Certified Public Accountants (MICPA) have signed a Mutual Recognition Agreement (MRA) that provides a route for members of both MICPA and ACCA to join the other body, and enjoy the benefits which both respected designations can offer. Both institutions have joined forces to work on strengthening the Malaysian accountancy profession. ACCA is the world’s largest and fastest-growing professional international accountancy body and MICPA is an established professional accountancy body with technical excellence. It has over 3,000 CPAs engaged in public accounting practice and various fields of employment and close to 800 students pursuing the CPA qualification.
ACCA members may obtain MICPA membership by passing the MICPA Admitting Examination. Alternatively, ACCA members with more than five years' post-qualification experience can qualify for CPA membership by passing an interview with the MICPA Membership Admission Panel. Upon obtaining CPA membership they will gain a prestigious CPA designation with technical excellence.
MICPA members wanting to gain ACCA membership will have to prepare for and pass ACCA’s Professional Accountant paper, P1, from the final level of ACCA’s examinations. Alternatively, those MICPA members with more than five years' post-qualification experience can qualify for ACCA membership by taking the ACCA online Professional Ethics module, a key part of ACCA’s revised 2007 professional syllabus or the ACCA Critical Incident Questionnaire. Upon obtaining the ACCA membership they will gain a globally-recognised and portable qualification. Please note that both the Professional Ethics module and the Critical Incident Questionnaire will be made available during September.
For more information on this agreement, ACCA members should log in to myACCA. MICPA members should refer to the 'Related documents' section or click on the link in ‘See also’.