The MIA was founded in 1942 and is a voluntary membership organization uniting over 2,500 professional accountants. The institute provides professional guidance, technical support, and continuing professional education to professional accountants in Malta. It is the only body recognized by the Accountancy Board such that individuals who successfully pass the MIA’s joint qualification scheme with the Association of Chartered Certified Accountants are permitted to receive the warrant and designation of Certified Public Accountant by the Accountancy Board. Individuals who join MIA are subject to its ethical requirements and investigation and discipline procedures. In addition to being a founding Member of IFAC, MIA is also a member of Accountancy Europe (formerly known as the Federation of European Accountants).