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VISION AND PRINCIPAL OBJECTIVES OF THE INSTITUTE

The vision of the Institute is to lead, train, support and promote its Members and Member Firms, having regard to professional and ethical standards for the benefit of the accountancy profession and the general public. 

The Institute does not have a profit-making purpose and the property and income of the Institute shall be used solely for the furtherance of its objectives.

The principal objectives of the Institute are:
  1. To promote the highest professional, ethical and governance standards and exercise supervision over the Members and Member Firms of the Institute in order to maintain the highest possible professional standards.
  2. To provide Members and Member Firms with the resources, information and leadership skills that enable them to provide services in the highest professional manner for the benefit of the public, employers and clients.
  3. To encourage and assist suitable persons to join the accountancy profession and to provide means of assessing the qualification of such persons for admission to membership of the Institute.
  4. To strive to create effective partnerships, with other private and public organisations and to ensure that its Members and Member Firms are represented both locally and internationally. The Institute’s autonomy must, however, not be affected.
  5. To promote a proper understanding of the role and value of the accountancy profession to the public.
  6. To promote, support and advance the status and interests of the accountancy profession in all aspects, promote its character, and develop and improve accountancy education and continued professional development.
  7. To promote unity and co-operation amongst the Members and Member Firms of the Institute.

Roles of the Institute

Advocacy

The Institute is the voice of the accountancy profession in Malta providing professional guidance, technical support and continuing professional education to over 4,000 members. It is committed to attract talented individuals to the profession and invests heavily in the process of educating prospective accountants. The Institute also helps to promote a proper understanding of the role and the value of the accountancy profession to the wider Maltese public in general and, in particular, to the local business community.

Standard Setting

The Institute is a full member body of Accountancy Europe and IFAC (International Federation of Accountants) and is an active participant in initiatives that are spearheaded by these Federations. This participation enables the Institute to influence the development of regulatory and technical matters that are relevant to the profession through the submission of comment letters and participation in specialised working groups. The Institute is the underlying driver of local regulatory and technical initiatives that are implemented. The Institute’s representatives on the Accountancy Board ensure that Members’ interests in all local regulatory and standard setting initiatives are safeguarded. Via its Committees and Task Forces, the Institute creates a forum where leading thinkers and practitioners come together to share their views and discuss regulatory initiatives and invitations to comment on local, regional and international initiatives. In this capacity the Institute is a leading contributor to the regulatory initiatives in the accounting world on a local, regional and international dimension on which it is asked to comment on a regular basis.

Continuous Professional Development Outreach Activities

In the ever changing regulatory and technical landscapes Members need to continually update their understanding. The Institute is best positioned to understand Members’ continuing educational needs and MIA organised CPE events are specifically designed to equip Members with updated or news skills that they need to ensure a successful practice.
See our full list of upcoming CPEs here.

Practice Support

The Institute is a continued source of guidance to its Members and Member Firms through its briefing notes, guidance notes, technical releases along with other publications such as the technical e-newsletter and the Journal. The Institute also offer technical support to its Members and Member Firms via its technical team and the ACCA helpdesk.

Networking Opportunities

The Institute continuously organise educational events where Members can meet up and network between each other. The annual social event is a great opportunity for Members to mingle in a relaxed environment.
               

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Contact Us

Suite 4, Level 1, Tower Business Centre, Tower Street, Swatar, BKR 4013, Malta 

E-mail: info@miamalta.org

Tel. +356 2258 1900

© MALTA INSTITUTE OF ACCOUNTANTS, 2024