Accountants can work in the Top 10 Accounting & Audit Firms in Malaysia

Shortage of Qualified Accountants in Malaysia

There are currently 30,994 members of the Malaysian Institute of Accountants (MIA). In Malaysia, there is currently a chronic

PwC-Pricewaterhouse

shortage of qualified tax accountants and cost estimators/controllers.

Foreign and Malaysian banks are now looking to recruit local accountancy & finance professionals, creating strong demand for Malaysian talent, says recruiting experts Hays in Malaysia.

Christine Wright, Asia Operations Director at Hays, says: ‘Competition for the top talent and wage pressure will continue in the year ahead. Employers prefer candidates who can have a positive impact on their commercial objectives. In particular, demand is high for financial planning and analysis (FP&A) candidates as employers add commercial skills to their business.’

Senior finance professionals, particularly heads of finance, financial controllers and regional and senior finance managers are in strong demand in Malaysia. Wright says: ‘At this level, salaries increase sharply. Although salaries for these professionals are still lower than other parts of Asia, such as Singapore and Hong Kong, they are starting to align.

Accounting Professionals' Salary in Malaysia

At an executive level, many local businesses show a preference for candidates with Chinese language skills; to work in a multinational environment, candidates must be able to communicate well in English.

Accounts executives are expected to keep full accounts under the supervision of an accountant, maintain records of transactions, prepare statements for management budgets, cash flow forecasts and tax returns. Salary levels for accounts executive range from RM2,500 to RM4,000, depending on experience.

Top 10 Accounting Firms in Malaysia

Top 10 of Malaysia takes a look at the nation’s top 10 accounting firms, listed in no particular order.

"I attended EduSpiral's Education Fair at KInta Riverfront after my SPM exam in December and obtained great information there. Although Asia Pacific University is famous for IT but I found out that they have a solid accounting programme and I can get a UK degree. I got a scholarship as well from APU."
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Deloitte

Also part of the Big Four auditing firms is Deloitte Touche Tohmatsu Limited, more commonly known as Deloitte. As the second largest professional services network in the work, Deloitte provides audit, tax, consulting, enterprise risk and financial advisory services. The firm employs some 182,000 employees that are spread across 150 countries. Deloitte KassimChan and its affiliates provide these services in Malaysia and is part of Deloitte Southeast Asia Ltd.Deloitte Southeast Asia was established to cater to the demands of the increasingly intro-regional and fast growing companies and enterprises.

Ernst & Young

The fourth accounting firm to make the Big Four is Ernst & Young and was founded in the 19th century. Its headquarters is now located in London and has 695 member firms in more than 140 countries across the world. The services it provides include assurance, advisory, tax and transaction advisory

services.

PricewaterhouseCoopers - PwC

PwC or PricewaterhouseCoopers as it was previously known is the world’s largest audit and accountancy firm and one of the Big Four auditors. Headquartered in London, PwC spans over 771 cities in 158 countries including Malaysia and boasts a strong body of more than 169,000 people supporting its operations.PwC began its operations in Malaysia (then Malaya) as early as 1900 and since then it has been supporting large MNCs, public sector entities and Malaysian companies by delivering solutions to them through its assurance, tax and advisory services.

KPMG

One of the Big Four auditors, KPMG’s global headquarters is situated in the Netherlands. The audit firm employs some 140,000 people in its member firms scattered across the globe. The Malaysian arm of the KPMG network of firms is KPMG DesaMegat& Co. It was established in 1983 and now has 66 partners and more than 1,600 staff in 10 offices.

BDO

The fifth largest accountancy network in the world, BDO International was founded in 1963 as the Binder Seidman International

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Group through a convergence of firms form the UK, Netherlands, Germany, the US and Canada. Then in 1973, the abbreviation BDO which stands for Binder DjikerOtte& Co was adopted.Since then, the firm has grown tremendously and now serves clients in 135 countries with almost 48,800 people working out of its 1,118 offices.

Grant Thornton

A global professional services network, Grant Thornton International and its member firms operate in 521 cities in more than 113 countries across the world. Its Malaysian arm SJ Grant Thornton was established in 1974 and has four offices with the main office situated in Kuala Lumpur. Its other offices are situated in Kuantan, Johor Bahru and Penang. It has 13 partners, directors and principals and more than 250 personnel supporting its operations.

Crowe Horwarth International

Crowe Horwarth International was founded in 1907 and is ranked among the top 10 accounting firms in the world providing audit, tax, advisory, risk and performance services. It boasts personnel of 2,500 and has 150 independent accounting and management consulting firms that have offices that are spread out in over 580 offices across the globe.

Baker Tilly MonteiroHeng

Baker Tilly is ranked the eighth largest accountancy and business service network and has 572 offices which employ more than 26,000 staff in 114 countries. An independent member-firm of Baker Tilly International, Baker Tilly MonteiroHeng is Malaysia’s second largest mid-tier accounting firm with local offices in Kuala Lumpur, Penang, Melaka, Seremban and BatuPahat as well as a branch office in Cambodia.

HELP University

Halim & Lee

Halim & Lee was established in 1983 and is a firm of chartered accountants providing accounting, payroll, insolvency, advisory, tax, auditing and corporate services. Situated in Damansara, the firm is helmed by its two partners – Kevin Lee Chew Yam and Hasan bin Husin.

DFK International

DFK International is ranked among the top 10 accounting firms and business advisors and has been offering its services to the public for more than 50 years. DFK has 202 member firms and 308 offices worldwide with its headquarters situated in London. It has a total of 1,179 partners and more than 10,040 staff in its offices across the world. In Malaysia, the independent member of DFK International is Folks DFK & Co.

Study at the Best Universities in Malaysia for Accounting

In order to succeed in the competitive field of accounting, students must choose the best universities in Malaysia to study.

Curtin University Sarawak is a top ranking university in Malaysia with a 300-acre campus

The best university doesn't necessarily mean the most expensive. Students should choose the right university that fits them which has a good reputation for business programs, excellent facilities, top lecturers and an English-speaking student environment.
Curtin Sarawak is one of the few Universities in Malaysia that offers a variety of double major options which includes Accounting & Banking, Accounting & Finance, and Accounting & Entrepreneurship.
Graduates of the Bachelor of Commerce (Accounting), Bachelor of Commerce (Accounting & Finance), Bachelor of Commerce (Accounting & Entrepreneurship) and Bachelor of Commerce (Accounting and Marketing) programmes at Curtin Sarawak are now eligible to sit MIA’s Qualifying Examinations and, on completion, will qualify as Chartered Accountants (Malaysia).
Through its Qualifying Examination, MIA provides an avenue for membership admission for those who do not currently possess a qualification recognised under Part I and Part II of the First Schedule to the Malaysian Accountants Act 1967.
Students can consider studying the accounting degree at Asia Pacific University where they offer various specialisations in

Asia Pacific University's new ultra-modern campus strategically located in Bukit Jalil is set to be ready end 2015

Forensic Accounting, Taxation, Forex & Investments for students to choose from. Students at APU will get a degree awarded by APU as well as Staffordshire University, UK.
For affordable universities with excellent facilities, students can consider UCSI University or HELP University, both with more than 20 years of experience in higher education in Malaysia. Students after SPM in Sarawak can study the Foundation at UCSI University's Kuching campus first before continuing on to the degree at their campus in Kuala Lumpur. Students at HELP University can go for the Accounting  degree courses which is awarded by the prestigious University of London.
Top colleges offering finance degree programs in Malaysia are KBU International College and HELP College of Arts & Technology. Graduates from both colleges are awarded degrees by their UK University partners.

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on courses and universities in Malaysia. EduSpiral Consultant Services also represents  MDIS Singapore and Hong Kong Polytechnic University.

EduSpiral Consultant Services represents the best colleges and universities in Malaysia offering a wide range of choices for students to choose from. These colleges and universities offer value for money in the quality of education and excellent facilities that you get.

These universities and colleges are chosen by EduSpiral because they represent the best in their fields in Malaysia and affordable. EduSpiral provides in-depth information and counseling on their courses so that students are able to make the right choice.

If you are still not sure what to study, please contact us and we will send you a free EduSpiral Career Assessment Form.

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