KUALA LUMPUR, May 28 (Bernama) -- The COVID-19 crisis and related restrictions are creating an unprecedented and very challenging landscape for organisations in all sectors. Despite these challenges, NACRA will continue with its advocacy to promote and recognise excellence in corporate reporting in 2020, given the pivotal role NACRA plays in support of the capital market.
 
However, changes will need to be made in this year’s NACRA to reflect the new normal and to manage the impacts arising from the COVID-19 crisis and new social distancing norms.
 
The following are the changes to note as announced today by NACRA joint organisers Bursa Malaysia Berhad (Bursa), the Malaysian Institute of Accountants (MIA) and The Malaysian Institute of Certified Public Accountants (MICPA):

· Extension of submission deadline – The submission deadline has been extended from 29 May 2020 to 15 July 2020, in parallel with the extension of time granted by Bursa on the filing of annual reports with financial year-ends of 31 December 2019 to 30 June 2020 (please click HERE for Bursa Malaysia’s media release).
 
· Revision of participation fee - The participation fee is revised as follows:



The revised participation fee will be wholly used to meet the costs arising from the adjudication process. Please note that in previous years, the NACRA participant fee included one standard table at the awards presentation dinner but this charge will be omitted for 2020 as the dinner has been cancelled due to adherence with COVID-19 SOPs (see below).
 
· Cancellation of the NACRA 2020 Awards Presentation Dinner - As noted above, the NACRA 2020 Awards Presentation Dinner is CANCELLED due to the practice of social distancing and prohibitions on mass gatherings as announced by the Government. The NACRA 2020 winners and results will be announced via an alternative platform at a later date. 

The revised NACRA 2020 brochure and entry form can be obtained HERE

For more information about NACRA 2020, please contact the NACRA Secretariat at nacra@mia.org.my.

NOTE TO EDITOR:
 
Bursa Malaysia
Bursa Malaysia is an exchange holding company incorporated in 1976 and listed in 2005, and has grown to be one of the largest bourses in ASEAN today. Bursa Malaysia operates and regulates a fully-integrated exchange offering a comprehensive range of exchange-related facilities, and is committed to Creating Opportunities, Growing Value. Learn more at www.bursamalaysia.com.

Malaysian Institute of Accountants (MIA)
Established under the Accountants Act 1967, MIA is the national accountancy body that regulate, develops, supports and enhances the integrity, status and interests of the profession in Malaysia.  MIA accords the Chartered Accountant Malaysia or “C.A. (M)” designation. Working closely alongside businesses, MIA connects its membership to an unmatched range of information resources, events, professional development and networking opportunities.

Presently, there are more than 36,500 members making their strides in businesses across all industries in Malaysia and around the world.

MIA’s international outlook and connections are reflected in its membership of regional and international professional organisations such as the ASEAN Federation of Accountants (AFA), and the International Federation of Accountants (IFAC). For more information on MIA, visit www.mia.org.my
 
The Malaysian Institute of Certified Public Accountants (MICPA)
The Malaysian Institute of Certified Public Accountants (MICPA) was incorporated in 1958 and is the only local body in Malaysia which conducts a professional accountancy examination recognised under the Accountants Act 1967.

MICPA’s objective is to advance the theory and practice of accountancy in all its aspects, recruit, educate and train a body of CPAs who are equipped with the technical knowledge and competencies needed to provide value add services of the highest quality. The CPA designation is widely recognised as a premier brand of professional business qualification.

MICPA is governed by a Council of 30 elected members and has close to 3,200 members and over 900 registered candidates. For more information: www.micpa.com.my

SOURCE: Malaysian Institute of Accountants (MIA)

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Thane Meyyappan
Tel: +6012 248 9534
Email: communications@mia.org.my

Name: Nurul Nadira Muhammad Shaharudin
Tel: 6019 261 9708

--BERNAMA