CPA Australia and the Malaysian Institute of Accountants (MIA) have signed a memorandum of understanding (MoU) which will allow MIA senior members to achieve the Australian professional body’s qualification.

Under the terms of the MoU, MIA members with at least 10 years’ experience will be encouraged to study the CPA Australia programme, which would give them recognition as CPA Australia associate members.

MIA vice-president Datuk Zaiton Mohd Hassan said that MIA senior members will also have the opportunity to obtain full CPA Australia membership status by completing three examination papers.

"Passing these three papers will definitely enhance MIA members’ competencies as the subject matter go to the very core of the accountancy and management functions," Zaiton said.

CPA Australia president Penny Egan FCPA said the MoU builds on an existing strong relationship with MIA through which she hoped both organisations can develop the accounting profession together.

MIA has more than 30,000 registered members of whom 18,000 are professionally qualified. According to MIA, of the remaining 12,000, more than 4,000 members meet the 10 years of experience requirement.

CPA Australia has more than 105,000 members across 121 different countries, according to The Accountant’s 2014 World Survey.

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