Professionalisation of Accounting: Part 3

Part 3: Strategies!

According to (again) Birkett and Evans (2005) there are generally three types of strategies which contribute to the professionalization process. These are:

1. Professionalisation through securing favourable alignments in the domain of work, meaning that professionalization occurs through structuring work processes, job descriptions and competition in the workplace

2. Professionalisation through securing favourable alignments in the domain of market, meaning that professionalization will occur through the interaction with consumers, the understanding consumer powers, market uncertainty, etc.

3. Professionalisaton through securing favourable alignments with the state, meaning that professionalization will occur through state recognition of the profession, support from the state and conducive policies.

The Malaysian has played an important role in developing the accounting profession and its professionalization process. In fact, organisations like the MIA and the MICPA were created as part of a government-led initiative to bolster the accounting profession in the country.

Throughout the year, the government has played a very strong role in the nation’s economy judging by the implementation of the Malaysia Plans and the subsequent New Economic Policies. Through this strong role, the government has created an environment which is conducive to the professionalization of accounting in Malaysia.

Although I do not discredit the importance of the work and market domains, however it can be seen that the domain of state has played the largest role in Malaysia and the strategy of professionalization through securing favourable alignments with the domain of state is the most prominent form of strategy used here.

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