To provide an organisation for ASEAN Accountants for the further advancement of the status of the profession in the region with the view to establishing an ASEAN philosophy on the accounting profession.
MIA is a statutory body established under the Accountants Act 1967 (“the Act”). MIA comes under the ambit of the Ministry of Finance through the Accountant General Department. The Act characterizes the current framework of the accountancy profession, under which MIA is charged with the dual responsibility to regulate and develop the accountancy profession in Malaysia i.e. carrying out the role as the regulator of the accountancy profession as well as a professional body that looks into the interest of its members.
MIA’s primary accountability is to ensure that the credibility of the profession is maintained at the highest standards at all time in order to consistently uphold the interest of the public, stakeholders of the economy and segment of the capital market, in line with its vision ‘to be a globally recognised and renowned institute of accountants committed to nation building’.
MIA has been entrusted with specific functions under the Accountants Act 1967 (“the Act”), which are: