Routes to Membership with the MIPA

Members of MIPA, registered as Professional Accountant (PFA) can be employed as Professional Accountants and employed in different roles.

 

 

Registration of Professional Accountants

Section 51 (2) of the Act requires members of the following Accounting bodies to register with MIPA:

a) The Association of Chartered Certified Accountants (ACCA)
b) The Chartered Institute of Management Accountants (CIMA)
c) The institute of Chartered Accountants in England and Wales (ICAEW)
d) The Institute of Chartered Accountant s of Scotland (ICAS)
e) The Institute of Chartered Accountant of Ireland
f) The Institute of Chartered Accountant of India
g) The South African Institute of Chartered Accountants (SAICA)
h) The Association of International Accountants (AIA)

According to Section 51 (3) of the Act, any person who is a member of a professional accountancy body and who satisfies the requirements relating to qualifications and has a minimum of 3 years practical experience in the field of accountancy may apply to the MIPA to be registered as a Professional accountant (PFA).

Registration of Public Accountants

Section 52 of the Act requires every professional accountant who intends to practice as a public accountant shall register to the MIPA as a Public Accountant (PBA).

Registration as Member Firms

Section 54(1) of the Act requires every firm which provides or intends to provide professional services shall apply for registration to the MIPA.

Removal of member status from MIPA Register

Membership fees are due and payable on 1st July each year. According to section 9.1 of MIPA Rules, a member shall cease to hold his status as such if any sum, including the annual membership fee shall remain unpaid after three months from the due date.

Members who failed to pay their due will be deregistered from MIPA. Employers and accountancy bodies will be informed of persons removed from MIPA register.