Finance Accreditation Agency

Membership Type: Intermediate
Email: info@faa.org.my
Year in which Organisation/Agency commenced operations: 2012
Countries/regions/states of operation: Malaysia

Chief Executive Officer (CEO)

First Name: Khairul Nizam
Surname: Md Som
Job Title: Chief Executive Officer
Phone: +603-2717 5022
Fax: +60327881200
Email Id: amat@faa.org.my

Nominated Contact Person (if different from CEO)

Title: Dr.
First Name: Eddy Chong
Surname: Siong Choy
Job Title: Head, Quality Assurance
Phone: +60327881205
Fax: +60327881200
Email Id: eddychong@faa.org.my

Organisation Details

Finance Accreditation Agency
Address: Level 7, Bangunan AICB, No. 10, Jalan Dato’ Onn, 50480 Kuala Lumpur, Malaysia
Malaysia
Website: https://www.faa.org.my

Additional Contacts

Criteria Requirements for Full Member

1 Criterion: Nature of the operations of the agency:
Measure: The agency is responsible for reviews at institutional or programme level of post-secondary
education institutions or post-secondary quality assurance agencies
Description: Applicable Only For Full Members
2 Criterion: Mission statement and objectives:
Measure: The agency has formulated a mission statement and objectives which are consistent with the nature of the agency
Description: Applicable Only For Full Members
3 Criterion: Agency staff, Numbers, Profile, Roles:
Measure: The profile of the staff is consistent with the Mission Statement
Description: Applicable Only For Full Members
4 Criterion: Profile of reviewers:
Measure: The profile of the reviewers is consistent with the Mission Statement
Description: Applicable Only For Full Members
5 Criterion: Independence:
Measure: The judgements and recommendations of the agency’s reports cannot be changed by third parties
Description: Applicable Only For Full Members
6 Criterion: Resources:
Measure: The agency has sufficient resources to run its operations in accordance with its mission statement and objectives
Description: Applicable Only For Full Members
7 Criterion: External quality assurance criteria and processes:
Measure: The description of the processes and criteria applied should be transparent and publicly available and normally include:
self evaluation, site visit, public report and follow-up measure
Description: Applicable Only For Full Members
8 Criterion: Quality assurance:
Measure: The description of the processes and criteria applied should be transparent and publicly available and normally include:
self evaluation, site visit, public report and follow-up measure
Description: Applicable Only For Full Members

Criteria Requirements for Institutional Member

Institutional Member Criteria:
Measure: Institutional Members are institutions of higher education in the region that are in good standing with the relevant quality assurance agency if one exists.
Proof of recognition as a Higher Education Institution: Applicable Only For Institutional Members
Proof of the organisation’s good standing with the local QA agency: Applicable Only For Institutional Members

Criteria Requirements for Associate Member

Associate Member Criteria:
Measure:Associate Members are organisations with a major interest and active involvement in evaluation, accreditation and quality assurance in higher education, but without the responsibility for assuring the quality of institutions, education programs, or external quality assurance agencies
Applicable Only For Associate Members

Criteria Requirements for Intermediate Member

1 Criterion: Nature of the operations of the agency:
Measure: The agency is responsible for reviews at institutional or programme level of post-secondary education institutions or post-secondary quality assurance agencies
Description: Finance Accreditation Agency or FAA is an international and independent accreditation body, is responsible for driving quality learning initiatives within the Finance Services Industry (FSI), in which its activities include learning programme and institutional accreditation, development of a finance qualification structure, recognition of prior learning, collaborations and affiliations for mutual and global recognition with local and international professional bodies & associations and institutions of higher learning and promotion of future learning practices in the FSI. Through these initiatives, FAA aims to contribute towards promoting the highest standards in the development of talent for the FSI both in Malaysia and globally.
The establishment of FAA complements the Financial Sector Blueprint 2011-2020 of Bank Negara Malaysia and the Securities Commission Malaysiaâ??s Capital Market Master Plan 2 with clear emphasis in enhancing the skills and competencies of the existing workforce to enable them to perform in a more competitive and globalised environment and to meet rigorous standards in delivering intended learning outcomes that are relevant to the needs of the financial services industry and that professionals in the financial services industry are fully competent for their roles.
2 Criterion: Mission statement and objectives:
Measure: The agency has formulated a mission statement and objectives which are consistent with the nature of the agency
FAA's vision is to be a credible and internationally recognised accreditation body for the FSI. FAA will strive to achieve this by adhering to high quality in its quality assurance and accreditation conduct and practices. In this context, FAA will have internationally benchmarked best practices, international advisory committees and accreditation of international learning programmes.

FAAâ??s mission is to inspire and promote quality-oriented continuing education and training for the FSI. Through the establishment of quality criteria and the assurance of an accreditation process focused on integrity, FAA seeks to identify, evaluate and enhance the delivery of continuing professional development and training. FAA aspires to globally promote its services as an effective and reliable accreditation authority. Its mission statements are:
â?¢ Promote and maintain quality in human capital development in FSI.
â?¢ Ensure high quality assurance practices and accreditation of learning programmes and qualifications in accordance with FAA's criteria and principles.
â?¢ Seek collaborations and affiliations for mutual and global recognition with local and international professional bodies & associations, accreditation bodies and institutions of higher learning.
3 Criterion: :
Proof of the organisation’s good standing with the local QA agency
At this present moment, FAA complements the Malaysian Qualifications Agency (MQA) in the quality assurance and accreditation of programmes in the FSI.

Criteria Requirements for Observer

Criterion For Observers:
Measure: APQN accepts as Observers organisations outside the Asia-Pacific region, including: external quality assurance agencies; institutions with a major interest in evaluation, accreditation and quality assurance in higher education; other regional networks that have major interests in and strong links with the region
Criteria Requirements for Observer: Applicable Only For Observers

Documentation and Fees

Additional Information: No additional information is required for my application
Upon approval of my application I agree to pay:
  • $500 (Initial Joining Fee: Full Member, Intermediate Member, Associate Member)

Documents Submitted












FAAMA.pdf



Located in: APQN Members

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Fax: +86 21 5467 0198
Email: apqnsecretariat@163.com 

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