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Include Left Members Area Pracitising Info Practising Archive
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Practising Archive
PRACTISING CERTIFICATE INTERNAL GUIDELINES AS ESTABLISHED BY THE MEMBERSHIP AND COUNCIL
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Date |
Event |
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07 Nov 2001 |
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. |
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1 July 2006 |
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. |
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31 July 2008 |
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. |
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12 Aug 2010 |
Practising Certificate was changed to only 1 type – there are no
more category under RPC & NRPC |
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5 Jan 2011 |
Testimonial is no longer necessary to be submitted during the
practising certificate application. |
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