Qualified with a UK accounting professional qualification not recognised in Malaysia
I hold a UK recognised accounting qualification for many years. Unfortunately, my qualification is not recognised in Malaysia, my home country.
I was told many times over many years that there are people pursuing the recognition of my qualification but all they kept saying is promises and promising statements but no promises delivered so far.
In the last AGM held by the local alumni for this UK body, there was again promises made that recognition by the national regulatory body will be delivered within three to six months time. Now, one year and almost two months has passed, where is that deservedly recognition? No where in sight.
Last year, a group of probably disgruntled members took up suit case against the regulatory body over the delay in evaluating their qualification for eligibility to sit the qualifying examination of the regulatory body. This group failed. After which was quietness, no appeal.
Of late, there is confirmations handed down by the regulatory body that holders of this recognised UK accounting qualification can sit the qualifying examinations of the regulatory body. This is a chance now for those holding this UK unrecognised qualification in Malaysia.
The question is why is the alumni body or its UK parent body keeping quiet over this acceptance of its qualification by the regulatory body in Malaysia? Don't the parent body in UK like to see its members graduate in Malaysia and become full-fledged accountants rather than retire a slow-suffering frustrated and angry days numbered?
Without membership of the regulatory body in Malaysia, one cannot be called an "accountant" and we are law abiding Malaysian citizens holding that UK recognised accounting qualifications.
What can members alike me do now? Take legal action again? Against the parent body for not showing enough support?
I do share the mindfullness of concerned really helpful people around. There are many who said why not the regulatory body just recognised this qualification when it has met the accounting degree standards of British Universities? This would just solved all the issues surounding it.
Many members of this body is also getting old. We aged daily and we get not to be called "accountants", "financial managers", "financial controllers" or any other term related or associated with "accountant" that could mislead one to believe he is a member of the national regulatory body.
If not for those advise that recognition is coming in the near future, a big number would have left this body and joined the recognised bodies like CIMA, ACCA, etc which would have solved the problems of being unable to be called "accountant" in Malaysia.
Sad sad story to tell.
Professional advise would be much appreciated.
Qualified accountant's distress
- Member meet up 1 October in London 318 8
- Seeking advice: Director's claim to money 174 7
- Identify cost savings 202 6
- Companies Made Simple - I guess they don't want our business any more 430 7
- HMRC AND BAD ORGANIZATION 108 2
- Capital gains tax and PPR 96 1
- Jobs after completing ACCA 129 2
- First director's salary payment 3 months after ltd company formation 588 11
- are these allowable deductions? 122 1
- Just another average day trying to deal with HMRC 1,657 20
- Laptop help needed I bought the wrong operating system 568 12
- Option To Tax - VAT on residential sales? 81 1
- SEIS: is it ok for co to spend money before the shares are issued? 136 3
- Can Guernsey company have same name as mine 418 7
- Schedule A losses 151 1
- Only pref shares. Does it matter 197 5
- Chart of account segments; Balance sheet vs P&L 833 1
- Fees 790 8
- P11D & tax return 288 10
- Freelance/Employee 931 22
- Any knowledge of salesorder.com 438
- Could and would anyone here carry out a hot file review of some non statutory audit work please? 391
- Electric Car 333
- S222 Charge 269
- Corporation tax penalties and fines on the CT600 241
- AIA 215
- IP trans to holding company 209
- Best way to convert Sage data to VT Transaction+ 204
- Car used both in a partnership and sole trader business - how to claim capital allowances? 170
- Payroll Manager - tax code for starter declaration 'C' 161