MALAYSIAN INSTITUTE OF ACCOUNTANTS
(QUALIFYING EXAMINATION) 2002 [P.U.230/2002]

IN exercise of the powers conferred by section 7 of the Accountants Act 1967 [Act 94], the Malaysian Institute of Accountants, with the approval of the Minister, makes the following rules:

PART I - PRELIMINARY

Citation and commencement
1.	(1)	These rules may be cited as the Malaysian Institute of Accountants Qualifying Examination Rules 2002.
	(2)	These Rules come into operation on 1 June 2002.
Interpretation
2.	In these Rules, unless the context otherwise requires -
“examination body” means a body appointed by the Council under rule 8 from among the higher educational institutions specified in Part I of the Third Schedule of the Act or the recognized bodies specified in Part II of the Third Schedule of the Act;
“Examination Committee” means a committee appointed by the Council under rule 6 to carry out the functions as set out under rule 7;
“Qualifying Examination” means the Malaysian Institute of Accountants Qualifying Examination established under section 15A of the Act;
“certificate of candidacy” means a certificate issued by the Examination Committee upon confirmation of the eligibility of the candidate to sit for the Qualifying Examination pursuant to these Rules.

Applying for the Qualifying Examination

PART II - APPLICATION FOR THE QUALIFYING EXAMINATION

Eligibility
3.	(1)	No person shall apply to sit for the Qualifying Examination unless that person is eligible under subsection 15A(2) of the Act.
	(2)	The applicant must possess a qualification of not lower than a first degree in relation to accounting, business or finance specified in subsection 15A(2) of the Act.
	(3)	The accounting content in the qualification referred to in subrule (2) shall form not less than sixty per cent of the total qualification.
Application
4.	(1)	An application to sit for the Qualifying Examination shall be submitted to the Examination Committee in the form prescribed in the First Schedule together with the registration and examination fees as may be prescribed from time to time.
	(2)	An application submitted under subrule (1) shall be valid if it is accompanied with the appropriate registration and examination fees.
	(3)	If subrule (1) is satisfied, the Examination Committee shall then issue a certificate of candidacy to the applicant before he can sit for the Qualifying Examination.
	(4)	The certificate of candidacy shall stipulate the number of papers in which the candidate will be required to sit for the Qualifying Examination.
	(5)	A candidate shall not be issued a certificate of successful completion under subrule 10(1) if he fails to pass all the papers stipulated in the certificate of candidacy under subrule (4).
	(6)	The certificate of candidacy shall be valid for a period not exceeding two years from the date of the issuance of the certificate.
	(7)	If the candidate fails to sit for the Qualifying Examination within the period stipulated under subrule (6), he may submit a further application pursuant to subrule (1).

Conduct of the Qualifying Examination

PART III - CONDUCT OF THE QUALIFYING EXAMINATION

Conduct of Qualifying Examination
5.	(1)	The Qualifying Examination shall be conducted by the examination body.
	(2)	Notwithstanding subrule (1), the Qualifying Examination shall not be conducted without the approval of the Examination Committee.
	(3)	The Qualifying Examination shall be conducted not less than two sittings per year.

Examination Committee

PART IV - EXAMINATION COMMITTEE

Appointment of the Examination Committee
6.	(1)	An Examination Committee appointed by the Council under paragraph 1O(g) of the Act shall consists of the following nine persons of whom five must be members of the Institute:.
		(a)	three members of the Council;
		(b)	two members appointed from the examination body;
		(c)	one member from the Accountant General’s Office;
		(d)	one member from the Public Services Department;
		(e)	one member from any one of the higher educational institutions specified in Part I of the Third Schedule of the Act; and
		(f)	one member from any one of the recognized bodies specified in Part II of the Third Schedule of the Act.
	(2)	The quorum at any meeting of the Examination Committee shall not be less than five.
Functions
7.	The functions of the Examination Committee shall be -
	(a)	to make recommendations for the appointment of an examination body;
	(b)	to register the candidates and keep a register of the candidates;
	(c)	to make recommendations for the determination and collection of the registration and examination fees;
	(d)	to approve the structure and content of the Qualifying Examination;
	(e)	to approve the number of papers and subject areas to be covered in such papers for the Qualifying Examination;
	(f)	to specify the number of papers to be taken by the candidates;
	(g)	to issue the certificate of candidacy;
	(h)	to announce the examination results and keep a register of the results;
	(i)	to issue the certificate of successful completion of the Qualifying Examination; and
	(j)	any other functions as the Council may prescribe from time to time.
Appointment of examination body
8.	(1)	The Council shall, upon the recommendation of the Examination Committee, appoint an examination body to conduct the Qualifying Examination.
	(2)	The examination body appointed under subrule (1) shall be responsible for the conduct of the Qualifying Examination.
	(3)	The other functions of the examination body shall be -
		(a)	to set and prepare the examination questions;
		(b)	to organize the Qualifying Examination and the conduct of such examination;
		(c)	to mark or assess the answer scripts of the candidates;
		(d)	to forward the examination results to the Examination Committee; and
		(e)	any other functions as the Council may determine from time to time.

Examination Results

PART V - EXAMINATION RESULTS

Notification of results
9.	(1)	The Examination Committee may, upon receiving the examination results, approve the results and upon approval the results shall be final.
	(2)	The Examination Committee shall then notify the candidates of the approved results.
	(3)	No appeal shall lie against the examination results which have been approved by the Examination Committee.
Successful completion of Qualifying Examination
10.	(1)	The Examination Committee shall issue a certificate of successful completion of the Qualifying Examination to the candidates that have passes all the required papers in the Qualifying Examination.
	(2)	The certificate of successful completion referred to in subrule (1) shall be proof of the candidate’s completion of the Qualifying Examination as part of the requirements specified in paragraph 15(c) of the Act for the purposes of any application for an admission to the Institute as a chartered accountant.

General

PART VI - GENERAL

Fees
11.	The registration and examination fees shall be prescribed by the Council upon recommendation of the Examination Committee from time to time.
Guidelines
12.	The Council on recommendation of the Examination Committee may from time to time make such necessary or incidental guidelines to give effect to these Rules and shall make such guidelines available at all times for inspection or public viewing at the office of the Institute.