Practising Archive

Effective 1 January 2014, members are required to attend the Public Practice Programme prior to his/her re-application of Practising Certificate if the first application was made prior to 1 July 2006.

Effective 1 January 2014, the validity of Public Practice Programme shall only be 3 years from the date of attendance for a member who has the intention to apply for audit licence for the first attempt.

Amendment to the Institute's By-Laws (On Professional Conduct, Ethics and Practice) Section 430 – Public Practice Programme

By-Laws 430 has been revised with additional sections as shown below:

For MIA member whose name is recorded as director in the company’s Form 49, he or she must ensure to hold a valid Practising Certificate issue by the Institute.

Testimonial is no longer necessary to be submitted during the practising certificate application.

Practising Certificate was changed to only 1 type – there are no more category under RPC & NRPC

Section 510.6 of the Institute’s By-Laws (On Professional Conduct, Ethics and Practice) provides that:

All members with practising certificate should satisfy themselves that they or their firm (including the compound firm) have suitable arrangement in place to comply with the By-Laws on the professional indemnity insurance.

Practising Certificate holder is allowed to request for extension more than once if the audit licence application is taking longer time provided that the current financial fee has been paid.

Practising Certificate application must be supported with latest testimonial.

Public Practice Programme was introduced as one of the requirements for practising certificate application.

Section 430 of the Institute’s By-Laws (On Professional Conduct, Ethics and Practice) provides that:

All professional accountants applying for a practising certificate for the first time, pursuant to Rule 9 of the Malaysian Institute of Accountants (Membership and Council) Rules 2001 are required to attend and complete the Institute’s Public Practice Programme, prior to his/her application.

This programme is only valid for 5 years from the date of the attendance.

Practising Certificate was introduced.

Rule 9(1) of the MIA (Membership and Council) Rules 2001 provides that:

A member shall not hold himself out as a member in public practice unless he holds a valid practising certificate issued by the Institute.
There are 2 types of Practising Certificate:

Non-Restricted Practising Certificate (NRPC)
Applicable for member with 3 years working experience in audit.

Restricted Practising Certificate (RPC)
Applicable for member without 3 years working experience in audit. Under this category, member is not eligible to apply for audit licence.