Please note that effective 1 January 2022, the Institute will cease to accept cash or cheque payments.
For payment can be made by Auto Debit, Electronic Fund Transfer (EFT) or Bank Draft (only for foreign currency).
For payment made through electronic fund transfer (EFT), you are required to indicate your membership number and to send a remittance advice (download here) to firstname.lastname@example.org for the payment to be updated manually in your account and for the e-receipt to be sent to you.
Yes, you must obtain a practising certificate from the Institute to provide accounting services in a non-audit firm practice. If you intend to provide tax services, the sole proprietor or one of the partners must hold a valid tax agent licence.
No. You are required to apply for a practising certificate from the Institute prior to applying for an audit licence. Upon obtaining the audit licence, you may set up an audit firm registered with the Institute.
Practising certificate holders must complete the minimum 20 Continuing Professional Education (CPE) credit hours of relevant structured and verifiable learning and also comply with Professional Indemnity Insurance (PII) requirement prior to renewal of practising certificate.
No, the practising certificate is issued only once. A member who has been issued with a practising certificate is required to retain the certificate for as long as he remains in public practice or engages in full-time public practice services.
Unit 33-01, Level 33, Tower A, The Vertical, Avenue 3, Bangsar South City,
No.8 Jalan Kerinchi, 59200 Kuala Lumpur, Malaysia.
The use of the word ‘Accountant’
In Malaysia, the word ‘Accountant’ is protected as provided for under the provisions of the Accountants Act 1967 which states that no one can hold himself out or practise as an Accountant unless he is registered as a member of the Malaysian Institute of Accountants.
‘The Malaysian Institute of Accountants is committed to the observance and practice of the highest ethical standards of the accountancy profession. All PC holders are reminded that under the MIA By-Laws (On Professional Ethics, Conduct And Practice), no person shall practice or hold out anything on audit/tax services without a license approved by the Ministry of Finance. Every PC holder is therefore expected to comply fully with Section B200.1 to B200.6 of the MIA By-Laws (On Professional Ethics, Conduct And Practice) failing which, you may be held liable for unprofessional conduct and disciplinary action may be taken against you.’