The Chartered Institute of Management Accountants (CIMA) and the Malaysian Institute of Accountants (MIA) have extended their memorandum of understanding (MoU) for an additional three years.

The latest MoU aims at advancing accounting and finance talent growth in Malaysia.

Under the agreement, MIA members with at least six years of relevant professional experience can pursue CIMA membership through a fast-track route.

This involves passing the CGMA Strategic Case Study exam and fulfilling the necessary practical experience criteria.

CIMA Southeast Asia regional director Saritha Subramaniam said: “We are proud to renew our Memorandum of Understanding with MIA, reaffirming our shared commitment to advancing the accounting and finance profession in Malaysia and beyond.

“Our long-standing collaboration underscores our mutual commitment to driving professional excellence, delivering impactful initiatives to develop future-ready talent, and fostering global connectivity.”

The collaboration has historically supported career advancement for professionals in accounting, finance, and business, while providing Malaysian employers with access to a wider, globally competitive talent pool.

MIA membership operations director Ho Foong Chin said: “This collaboration with CIMA is a gateway to the CGMA designation, as it provides MIA members with a well-defined pathway to specialise in management accounting and business strategy, while reinforcing our commitment to their professional advancement and long-term growth.”

Earlier in August 2025, CIMA and ICAEW endorsed the UK Government’s small business plan, which aims to strengthen fundamentals by enacting laws to stop late payments, costing the UK economy £11bn annually, and also reducing regulatory costs by 25%.