Annual Report 2011 - The Malaysian Institute Of Certified Public ...

President’s Statement21membershipMembership of the Institute consists of four classes of members who are admitted in accordance with the Institute’s Articles ofAssociation and Bye-laws. The classes are Certified Public Accountants (CPA), Provisional Member, Certified Financial Accountants(CFiA) and Associate Members. As at December 31, 2011, the membership of the Institute stands at 3,138.MEMBERSHIP STATISTICSAs at December 31 Net Increase /2011 2010DecreaseCertified Public Accountants 3,064 3,090 (26)Provisional Members 40 42 (2)Certified Financial Accountants3426 8Total 3,138 3,158 (20)certified public accountants (CPA)As at December 31, 2011, the total number of CPA of theInstitute is 3,064. After taking into account members whoresigned or were excluded from membership for failure to paythe annual subscriptions/practising certificate fees, a netdecrease of 26 members was recorded.During the year, there is a total of 28 new admissions. Of thenew admissions, 25 were admitted under Bye-law 34(1)(a) to(d) having completed the Institute’s examinations and fulfilledthe prescribed practical experience requirements. Another 3members were admitted under Bye-law 34(1)(f) who were fullmembers of approved overseas accountancy bodies and havebeen granted exemption from the examination on the basisthat they have had adequate working experience in therelevant fields in Malaysia after qualifying as an accountant.There is no significant change in the membership profile ascompared to year 2010. As at December 31, 2011, 43% ofmembers worked in public practice firms, of whom 3% weremembers holding practising certificates. A total of 49% of themembers were employed in the business community and 1% inthe public sector. Retired members accounted for 7% of thetotal CPA membership.During the year, a total of 23 female members were admitted,constituting 82% of the total new admissions. At the end of2011, the proportion of female members continued to increasemarginally by 1% to 39%.CPA MEMBERSHIP STATISTICSAs at December 31 Net Increase /2011 2010DecreaseIn Practice 410 414 (4)Not in Practice 2,654 2,676 (22)Total 3,064 3,090 (26)