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At present, there are more than 38,000 MIA members working in all industries and states of Malaysia. As an umbrella body for all the accountants in Malaysia, MIA’s responsibilities include education and quality assurance as well as enforcement, to maintain the credibility of the profession and the public interest. [1]
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As at 4 February 2016, MIA has 32,618 members of which 68% are involved in commerce and industry, 22% in public practice and 10% in government and academia. Selangor and the Wilayah Persekutuan Kuala Lumpur Federal Territory have the largest concentration of MIA membership with 13,125 and 7,351 members respectively.
Only MIA members qualify as accountants in Malaysia under the Accountants Act, 1967. ACCA is statutorily recognised in Part II of the First Schedule of the Accountants Act, 1967. Therefore, ACCA qualification is eligible to be admitted as MIA member, which then opens the opportunity to practice as a public accountant (audit firm).
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