History

  1. 1. Originally, Myanmar Accountancy Council (MAC) was formed by the Myanmar Accountancy Law (1972) which was enacted by the Union of Myanmar Revolutionary Council’s Law No.2, dated 12 January 1972.
  2. 2. Then in 1994, MAC was reformed by the Myanmar Accountancy Law (1994) which was enacted by the State Law and Order Restoration Council’s Law No.(1/94), dated 8 March 1994, thereby repealing the Myanmar Accountancy Law (1972). Through the tenure of all MACs, the Office of the Auditor General of the Union (OAG) acts as the MAC Secretariat.
  3. 3. Then, in 2015, MAC was reformed by the Myanmar Accountancy Council Law (2015) which was enacted by the Pyidaungsu Hluttaw Law No. 31, dated 5 June 2015, thereby repealing the Myanmar Accountancy Council Law (1994)
  4. 4. In 2019, The Law Amending the Myanmar Accountancy Council Law was enacted by the Pyidaungsu Hluttaw Law No. 5, dated 30 January 2019.
  5. 5. Under the new MAC Law (2015), MAC was formed and renewed every four years consisting  of:-
(a) Auditor General of the Union Chairman
(b) Deputy Auditor General Vice-Chairperson (1)
(c) Chairperson of the Association Vice-Chairperson (2)
(d) Division and State Autiors-General Members
(e) Vice-Chairperson, Central Bank of Myanmar Member
(f) Director General, Internal Revenue Department Member
(g) Director General, Directorate of Investment and Companies Administration Member
(h) Rectors from the Universities of Economics not exceeding 5 in number Members
(i) Nine representatives from the Association Members
(j) Vice-Chairperson, Union of Myanmar Federation of Chambers of Commerce and Industry Member
(k) suitable citizen accounting professionals not exceeding 5 in number Members
(l) Director General, Administration, Training and Research Department, Office of the Union Auditor-General Secretary`
(m) Secretary of the Association Joint-Secretary