In Malaysia, the FCIS and ACIS qualifications are recognised by the Government as equivalent to Honours degrees whilst the Grad ICSA is recognised as equivalent to a general degree. The Government has also gazetted MAICSA as a prescribed body under Section 235(1)(2) of the Companies Act, 2016 (CA 2016). However, under Section 241 of the CA 2016, the Associate and Fellow members of MAICSA who are qualified to act as secretaries shall apply for a further licence from the Companies Commission of Malaysia (CCM). Members of the Institute with more than five years’ practical tax experience, either in the Government or private sectors, are also eligible to apply to practice as tax agents under Section 153 (3) of Income Tax Act 1967.
In tandem with its mission of developing good corporate professionals, MAICSA is committed to maintaining the highest standard of integrity and ethical values within the profession. MAICSA also acts as a change catalyst in the corporate arena, participating actively in the enhancement of corporate governance. It has been championing best practices in corporate governance and educating the Malaysian corporate sector on its importance.