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MIA CHARTERED ACCOUNTANT’S RELEVANT EXPERIENCE (CARE)
Introduction
The MIA Chartered Accountant’s Relevant Experience (CARE) is a structured assessment programme which is based on the mentor – mentee approach that monitors the practical experience of the mentees. The CARE programme supports the International Federation of Accountants (IFAC) International Education Standard (IES) 5, Practical Experience Requirements. Introduced on 1 November 2009, it sets out a range of competencies that need to be obtained before applying for MIA membership as a Chartered Accountant.

With the implementation of CARE, the practical experience gained by the mentees should allow them to demonstrate that they have the professional knowledge, skills, values, ethics and attitudes required for performing their work with professional competence and continue to grow throughout their careers.

Objectives
To provide guidance to the graduates and ensure that they acquire the appropriate degree of professional competencies in order to qualify as a Chartered Accountant in Malaysia.
Eligibility to undergo the CARE programme
Graduates who aspire to become MIA members as Chartered Accountants.
Duration
a) The minimum duration to complete the CARE programme is thirty six (36) months.
b) It must be completed within a rolling sixty (60) months period or any other period approved by MIA.
c) The duration must be sufficient to allow the mentees to develop and demonstrate the competency requirements of anentry-level Chartered Accountant.
d) An employment period of less than six (6) months or “part-time” experience or industrial training with any organisation to fulfil the undergraduate degree requirement will not be considered as part of the practical experience.
Transitional Arrangements
a) Non-CARE registrants who have acquired their thirty six (36) months practical experience can submit their records of practical experience with verification from their employer and mentor through manual or online registration system before or by 30 June 2015.
b) Effective 1 July 2015, graduates must register online under the CARE programme in order to be eligible for MIA membership.
Areas of Competency
The Institute acknowledges the essential financial and technical skills required to be a competent CA. These areas of competency will provide an opportunity for graduate to apply the knowledge gained during their academic studies and further develop professional skills that they can apply in a variety of situations. The areas of competency that graduates required to be involved are as follows:
a) Technical Competencies
Mentees are expected to demonstrate a specific level of technical competency in any of the following eight (8) areas:
i. Auditing
ii. Taxation
iii. Management Accounting
iv. Financial Accounting and Reporting
v. Finance
vi. Business Performance and Planning
vii. Insolvency
viii. Information System
*Other areas (not specifically stated) may also be recognised, if approved by MIA.
b) Generic Competencies
The professional qualities and skills that mentees are expected to develop and demonstrate throughout the CARE programme are:
i. Professionalism and Ethical Behaviour
ii. Personal Attributes
iii. Professional Skills
Minimum Number of Competencies
a) Technical Competencies
The eight (8) areas are set at three (3) levels of competency. The technical competencies will be assessed by the mentors. Mentees must demonstrate to their mentors that they have either obtain practical experience in at least:
i. one (1) technical area from Level 1 to Level 3
OR
ii. two (2) technical areas from Level 1 to Level 2.
b) Generic Competencies
The generic competencies will be assessed by the employers. Mentees must demonstrate to their employers that they have acquired all the generic competencies.
Level of Competency
a) Level 1 – Gathering Information
- Performing work under the supervision and carrying out tasks of a low level of complexity using established processes.
- This level should be attained in the first year of the CARE programme.
b) Level 2 – Analysis
- Performing work as part of a team and carrying out some tasks independently, being responsible for the quality of own work.
- This level should be attained in the first, second or even the third year of the CARE programme depending on the task.
c) Level 3 – Applying Knowledge and Skills
- Managing own work and being responsible for the quality and quantity of the work and exercises professional judgement.
- This level should be attained in the third year of the CARE programme.
Roles of a Mentee
a) To notify his/her employer that he/she has registered for the CARE programme.
b) To identify a mentor and establish working relationship.
c) To sign the Letter of Understanding.
d) To discuss with the mentor their work plans in achieving the required level of competency.
e) To update the Record of the Practical Experience (RPE) by acknowledging each competency achieved.
f) To ensure competencies achieved are verified and signed off by the mentor.
g) To ensure generic competencies are verified and sign off by the employer.
h) To update the Institute of any changes, e.g. change of mentor or employer.
i) To complete the period of the CARE programme.
Finding a Mentor
a) A mentor must be a Chartered Accountant of MIA.
b) Preferably he/she is employed within the same organisation as the mentee.
c) He/She may also be employed in a different organisation but nonetheless has regular contact with the mentee and working in accounting or other accounting related areas.
d) A mentor may have up to ten (10) mentees at any point of time.
Always avoid having a friend or relative as a mentor and/or representative of the employer to prevent any potential conflicts of interest.
Responsibilities of a Mentor
a) To sign the Letter of Understanding.
b) To assist the mentee in choosing appropriate areas of work.
c) To guide the mentee to collect suitable workplace evidence to demonstrate accomplishment of relevant competencies.
d) To review and provide feedback on the competencies achieved by the mentee.
e) To verify and sign-off on each competency achieved by the mentee.
Benefits as a Mentor
a) The opportunity to share knowledge and experience and assist in the development of another prospective member.
b) Members of the Institute who are mentors in the CARE programme for duration of one (1) year will be entitled to four (4) CPE structured hours regardless of the number of the mentee that he/she has.
 
 
 
 
 
 
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