The ICAEW and the Myanmar Institute of Certified Public Accountants (MICPA) have signed a Memorandum of Understanding (MoU) to work more closely together.
As per the ICAEW:
I assume that the ICAEW's push for global growth is one of the reasons why the subscriptions keep going up each year?"The MoU establishes a framework for the two bodies to work together to develop talent and advance the accountancy profession in Myanmar and South East Asia. ICAEW and MICPA will share views on the accountancy profession both nationally and internationally, with emphasis on co-operation in areas such as corporate governance, professional ethics, technical research, continuing professional development, professional accountancy training, quality control, education and examinations.
Together, the bodies will create a framework for MICPA to review and advance its strategy and plans. ICAEW and MICPA will also be developing learning programmes in areas of mutual interest – such as International Financial Reporting Standards (IFRS), International Standards on Auditing (ISA) and audit firm governance."