Promoting Inclusivity Through an Accounting Technician Qualification
by StudyMalaysia.com on June 13, 2024 | Top Stories
Like other countries, Malaysia too faces a shortage of qualified accountancy professionals. According to targets for the development of the accounting sector which were published in the Economic Transformation Programme in 2010, Malaysia aimed to produce 60,000 accountants by 2020, which was subsequently revised to 2030. To date, there are close to 40,000 members registered with the Malaysian Institute of Accountants (MIA), who are the professional accountants referred to as Chartered Accountant (M) based on the Accountants Act 1967.
To address the challenges of training more accountants, one solution is to establish recognised standards for Accounting Technicians based on the foundation proficiency level in line with the International Federation of Accountants (IFAC) International Education Standards. Therefore, MIA has developed a competency framework for accountancy professionals that includes Accounting Technicians, to be more inclusive and considering the demands of this professional title as well as employer feedback.
The MIA Competency Framework has been developed to ensure the future relevance of the profession and future fitness of accountancy professionals, including by focusing on the role of accounting technicians. The Association for Accounting Technicians (AAT) is the world’s leading professional body for Accounting Technicians and offers qualifications in Malaysia, which provide an option for many more people to gain access to a career in accountancy.?
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