Steps leading to the acquisition of a MICPA/ICAA membership
The MICPA-ICAA Partnership
With the partnership between MICPA and Institute of Chartered Accountants Australia (ICAA) being forged in 2009, this has widened the horizons for potential candidates in Malaysia who wish to obtain a professional accounting profession. The syllabus and exams for these 2 professional bodies are the same, with the exception of Taxation, which is based on Malaysian requirements. However, once a candidate has successfully completed the MICPA programme, they are automatically entitled to apply for both MICPA and ICAA memberships, and are therefore entitled to use the titles Certified Public Accountant, Malaysia and Chartered Accountant, Australia.
MICPA Programme Module
There are five modules in the Program for Advanced Stage which run for 12 to 14 weeks each. One can undertake the modules in any order and must complete the Program with the final module, Capstone (CAP).
MICPA Programme Curriculum
Taxation (Based on Malaysia tax laws and regulations)
Financial Accounting & Reporting
Disclosures & consolidated financial reporting, cash flow statements and ethics.
Audit & Assurance
Legal & professional requirements, conducting audits,risk,fraud, internal controls, ethics, reporting & assurance and audit related engagements.
Management Accounting & Applied Finance
Forecasting & budgeting with decision tools & investment analysis tools & techniques, corporate finance & risk management, strategic planning & analysis, ethics & corporate governance and performance reporting.
Ethics, business strategy, taxation, audit & assurance and financial reporting