Myanmar Institute of Certified Public Accountants explained

Myanmar Institute of Certified Public Accountants (Burmese: မြန်မာနိုင်ငံ လက်မှတ်ရ ပြည်သူ့စာရင်းကိုင်များအသင်း; abbreviated MICPA) is a professional body of Certified Public Accountants in Myanmar. It was first formed in in association and permission of the Ministry of Home Affairs of Myanmar.[1] The function of the body is to communicate with international accountancy bodies and to distribute information to its members. MICPA was founded under the Myanmar Accountancy Council (MAC), a policymaking body of accountants and auditors.

On June 13, 2013, the Institute of Chartered Accountants in England and Wales (ICAEW) signed a Memorandum of Understanding (MoU) with MICPA to work more closely together. The formal agreement was signed in Yangon, Myanmar by Mark Billington, the ICAEW South East Asia Regional Director, and U Wan Tin, the MICPA Chairman. It provides the foundation for MICPA and ICAEW to support each other and improve the accounting field in Myanmar.[2]

On January 30, 2014, MICPA became an independent, non-profit corporate entity.

The main goals of MICPA are:

On June 16, 2017, the World Bank issued the "Report on The Observance of Standards and Codes-Accounting and Auditing" with several recommendations, including the granting of the Myanmar Institute of Certified Public Accountants independence from the Myanmar Accountancy Council (MAC), the regulatory licensing body for the country's accountancy profession.[5]

Membership

Executive Committee Members

MemberPosition
U Wan TinChairman
Dr. Tin LattVice Chairman
U Moe KyawVice Chairman
U Aung Naing Maung MaungSecretary
Daw Aye ThidaTreasurer
U Myat Noe AungJoint Secretary
U Kyaw TinMember
U Maung Maung AungMember
U Ye Yint WinMember
U Aung NaingMember
Daw Cho Cho Aung

External links

Notes and References

  1. Web site: ASEAN Federation of Accountants (AFA). www.iaiglobal.or.id. www.aseanaccountants.org. en. 2017-07-02.
  2. Web site: ICAEW and Myanmar Institute of Certified Public Accountants (MICPA) sign MoU ICAEW. www.icaew.com. en. 2017-07-02.
  3. Web site: Myanmar Institute Of Certified Public Accountants. www.myanmar-icpa.org. en-US. 2017-10-23.
  4. Web site: 2020-11-16 . Myanmar Institute of Certified Public Accountants . 2023-03-28 . IFAC.
  5. News: World Bank urges liberalisation of accounting and auditing sector. Chau. Thompson. The Myanmar Times. 2017-07-02. en-gb.