IFAC Response to Malaysian CSAP Report

IFAC has formally responded to the Malaysian Committee to Strengthen the Accountancy Profession (CSAP)’s Report on the Strengthening of the Accountancy Profession in Malaysia addressing regulation, meeting the demand for professional accountants, accountancy education, and making public accountancy practices more competitive. Among the recommendations to which IFAC responded are details on how Malaysia might set up a regulatory body, ensuring baseline competencies are met by professional accountants, coordinating on efforts to build the capacity of the accountancy profession in Malaysia, and turning Malaysia into a hub for accountancy education.