a.    to pursue an holistic approach to the teaching of Auditing, one of the important subject in accountancy course,

b.     Undergraduates' exposure to automated auditing software system and

c.     to narrow the competency gap between accounting graduates and audit practitioners.

The signing was witnessed by:

1.      Yang Berbahagia Datin Prof. Ir. Dr. Siti Hamisah Binti Tapsir, Deputy Director General, Ministry of Higher Education, representing Y.B. Dato Saifuddin Abdulah, Deputy Minister, Ministry of Higher Education,

2.      Ms Ho Foong Moi, Executive Director of Malaysian Institute of Accountant (MIA);

3.      Professor Dr. Mohd. Fauzi Mohd. Jani, The Dean of the Faculty of Economics & Business, Universiti Kebangsaan Malaysia,

4.      Representatives from MIA, AXP Directors and members, UKM lecturers and participants of the IMAC 5 internationally and locally.

The collaboration will expose accountancy students at an early stage to the practical aspects of auditing in a computer based environment with hands on experience by using AE.

Yang Berbahagia Datin Prof. Ir. Dr. Siti Hamisah Binti Tapsir highlighted in her speech that this collaboration is very importance to ensure quality and marketability of future graduates in accountancy profession.

MIA president En.Abdul Rahim bin Abdul Hamid indicated in his address in the event programme booklet that the partnership between AXP and UKM will ensure that undergraduates are given better exposure to the most current technological practices and provide a solid basis from a practical standpoint once they graduate.

The signing of the MoU, held in conjunction with International Management Accounting Conference  5 organized by UKM, was followed by dinner and a lively discussion of how the collaboration can be expanded in the future for the mutual benefit of UKM, AXP, MIA perhaps the most important of all, UKM accounting graduates who will provide the leaders of the future.