CIMA & AICPA Create New Hub in Kuala Lumpur to Strengthen Accounting Profession in Southeast Asia and Around the World
The centre serves as one of three hubs through their Association of
International Certified Professional Accountants
Kuala Lumpur (January 31, 2019) — The Association of International Certified Professional Accountants (the Association), which brought together The Chartered Institute of Management Accountants (CIMA) and the American Institute of CPAs (AICPA), today announced a new global hub in Kuala Lumpur to support members and students. The move demonstrates a significant commitment to the accounting profession in Malaysia and Southeast Asia that will also benefit professionals globally.
The new hub is one of three in the world, along with London (UK)
and Durham, North Carolina (USA). Together, they serve 667,000 members
and students across 184 countries and support both Chartered Global
Management Accountant (CGMA) designation holders and Certified Public
Accountants (CPAs) with the latest news, professional insights, best
practices and continuing professional development.
The announcement of the new office coincides with the release of
the Association’s new research on the future of finance, which
indicates that a majority of the world’s finance leaders believe
accounting competencies will need to change significantly over the
next three years as businesses adapt to an unprecedented pace of
technological innovation.
“Finance professionals need to go beyond what they do today to be
the strategic partners and value drivers that businesses need not just
to navigate change – but thrive in it,” said Irene Teng, the
Association’s Managing Director for Global Markets. “This new hub will
be a powerful catalyst for the profession here in Malaysia, Southeast
Asia and around the world, delivering the support, insight and
foresight accountants need to meet today’s demands and tomorrow’s challenges.”
The Association was established in January 2017 by members of CIMA
and AICPA to drive a dynamic accounting profession equipped to drive
economic growth and stability. It leverages the strengths and
century-long heritage of both organisations to advance that mission.
The new KL hub, for instance, builds on CIMA’s four decades of history
in Malaysia. It first established a presence in the country in 1977.
With the creation of the new hub, the Association has taken new
office space at Level 10, 1 First Avenue, Bandar Utama, 47800 Petaling
Jaya, Selangor and expects to grow its workforce in Malaysia this year.
“I believe that if the Association plays its role with all of this
transformation, not only will we have more help in meeting the target
for more professional accountants in Malaysia, but it would also help
us in having more global certified employees that will make this shift
happen, henceforth setting the path for Malaysia to become a developed
nation in the near future,” said Yang Berhormat Dato’ Ir. Haji
Amiruddin Hamzah, Deputy Finance Minister of Malaysia.
“The 2019 Budget already entails part of this importance for the
country and specifically for this agenda in increasing the number of
accountants and strengthening the developments of the accountancy
profession to support economic growth.”
“Therefore, I fully support for The Association to be part of this
agenda and to work closely with the relevant partners such as the
Malaysian Institute of Accountants, the Malaysia Professional
Accountancy Centre (MyPAC) and Yayasan Peneraju Pendidikan Bumiputera
for their ‘Program Peneraju Professional (professional certifications
in finance and accounting) for us to all achieve this together,” he concluded.
Deputy Finance Minister, Yang Berhormat Dato’ Ir. Haji Amiruddin
Hamzah attended the installation ceremony of the new 16th
Malaysia King and guest of honour was represented by member of his
office. The event was officiated by Irene Teng, Managing Director,
Global Markets of The Association, Lawson Carmichael, Chief Operating
Officer of The Association, Venkkat Ramanan, FCMA, CGMA, Regional Vice
President – Asia Pacific and Francis Chan, Council Member of CIMA.