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
- Taxfiler - SA100 - More efficient? 642 5
- See you all on the other side 692 6
- 12Pay 458 2
- dividends 611 2
- R&D 322 1
- Quarterly Reporting - The Logistics 1,181 17
- Auto enrolment contribution rates 440 3
- How long are you waiting for appeal reply 416 4
- Borrowing money to loan to company 373 1
- Mother as Guarantor for Son's mortgage 546 5
- Seeking a tax case 642 9
- When do we qualify for state pension? 505 4
- Companies house strike off 552 3
- Tax treatment of alterations to property 429 2
- Moving to the cloud 745 9
- Iris open space/doc exchange for SATRs 216 2
- How much to charge for payroll? 904 16
- Unincorporated charity transfer to CIO 210 4
- BTC vs Digita 1,092 29
- Has anyone tried calling HMRC to get tax on dividends put in code? 503 4
- HMRC Joint Filing 562
- Capital Contribution towards a company car 420
- Capital Reduction & Impact on EIS Shares 373
- IRIS and FRS 102 354
- Capitalising Finance Lease 327
- USA help 317
- National Minimum Wage issue on Directors joining a Workplace Pension 297
- Dormant company accounts under FRS 102 293
- Marginal rates of tax 293
- Class 2 NI 279