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Institute of Chartered Accountants in England and Certified Practising Accountants (Australia) [CPA
Wales [ICAEW] (Australia)]

The Chartered Institute of Management Accountants The Chartered Institute of Public Finance and
[CIMA] Accountancy [CIPFA]

Malaysian Institute of Chartered Secretaries and Malaysian Financial Planning Council (MFPC)
Administrators [MAICSA]

UM’s Bachelor of Accounting programme is recognised both nationally and internationally. The programme is
recognised under Schedule 1 Accountants Act 1967. Graduates of this programme are eligible to register as
members of the Malaysian Institute of Accountants (MIA), subject to three years practical accounting experience,
as stipulated in Part IV of the Accountants Act 1967.

In addition, the programme is also recognised by other international professional accounting bodies. BAcc
graduates from UM may get maximum exemptions from the following bodies:

Bachelor of Accounting is recognised by the Malaysian Qualification Agency (MQA) and the Association to Advance
Collegiate Schools of Business (AACSB), a world-class body that recognises institutions that meet the strict quality
standards. This recognition is accepted by well-known employers and other universities around the world. As of
August 18, 2020, only 876 institutions from around the world have received AACSB recognition.

For students wishing to embark on a professional pathway with MICPA for CPA (Malaysia) qualifications, they are
entitled to apply for Students Sponsorship Programme (SSP) by MICPA. Starting from this year, the engagement
sessions with MICPA that pertain to the information on SSP, are held virtually - i.e. online.

The University had a Memorandum of Understanding (MOU) with MICPA on 11th March 2020, whereby under this
memorandum the University shall be given the authority to conduct the examination for all courses in ASE (except
for capstone) internally. This project is still in its infancy stage subsumed under the Special Working Group (SWG)
project. The trial phase is expected to run for a period of two (2) years.

Accordingly, it is advised that if students wish to take up the MICPA qualification path, then they should consider
taking the elective CIA3009 Advanced Taxation. Therefore, since the SWG project has just started, it is worthwhile
for students to take up the Advanced Taxation elective, as they prepare for their MICPA Advanced Stage
Examination. Graduates who pass MICPA examinations, shall also be granted with qualifications from Chartered
Accountants Australia and New Zealand (CAANZ) due to mutual agreement between these two professional
bodies.

The ACCA Accelerate programme is a special arrangement between ACCA and the University, which gives
students the opportunity to register and start preparing professional level exams (Strategic Professional
Examinations) with ACCA prior to graduation. These students will be professionally qualified accountants upon
completion of their degree and ACCA.

UM is also in collaboration with ICAEW to offer the ICAEW qualification. Students are exempted from eight (8)
ICAEW papers when they pass all relevant courses of BACC that qualify for ICAEW credit for prior learning (CPL).
The students are also eligible to take four (4) Strategic Credit papers that will be offered in October 2020 (date of
commencement). The students need to gain 55% for the final examination portion only in the BACC courses to
qualify for these strategic credits.

Further, the students can take the remaining three (3) ICAEW papers after they graduate from the BAcc program.
Alternatively, UM is in collaboration with ICAEW and Sunway TES that also offers the ICAEW qualification via the
Structured Internship Programme. Capable students who are selected are also exempted from eight ICAEW