Nik Mohd Hasyudeen FCPA (Aust.)
Nik Mohd Hasyudeen, Non-Executive Director in Cagamas Berhad, the National Mortgage Corporation of Malaysia, is a man of integrity who is just as active in the accounting industry as he is on social media.
The former Executive Chairman of the Audit Oversight Board and Executive Director of the Securities Commission Malaysia, was initially interested in aeronautical engineering but decided on accounting after doing some research on the profession.
“After learning more about accounting, I realised that being an accountant is more than just having a way with numbers. It’s about having structured thinking and good leadership and governing skills, something I was, and still am, very interested in”, he said.
Upon graduating from Curtin University of Technology in Perth, he signed on with a small chartered accounting firm, before returning to Malaysia where joined an audit firm and began to work on growing his career.
It was when Nik reached a senior position that he took the step to pursue his professional qualification. “What I found useful was that I was able to appreciate and contextualise my work experience into what I was studying and vice versa by immediately applying what I was studying to my work.”
Completing the CPA Program validated Nik’s understanding of certain issues, concepts and guiding principles on how to carry himself as an accountant. “The subject I found most useful was Ethics and Governance. The chapters in that subject complemented my professional background as a standard setter, and most recently as a regulator. I could see the value of ethics in the bigger picture.”
The CPA Australia qualification also provided Nik with the recognition that allowed him to contribute to the accounting profession by serving on various committees, including the CPA Australia Public Practice Advisory Committee.
“Being on the Public Practice Advisory Committee provided me with a global perspective of the profession. I was able to contribute to the Firm of The Future project which was recognised by IFAC, and that led to IFAC selecting CPA Australia develop public practice manual”, he said.
An avid social media user, Nik believes the principle of the accounting profession is acting in the best interest of society and being able to communicate effectively. He believes social media provides a wide audience reach which acts perfectly as an information sharing platform.
He does, however, caution young accountant on the use of social media. “It is recorded and has no reverse button, so you can’t have split personalities. You should be portraying the same personality and ethics both in person and on social media. What you post on social media will shape people’s perception of you”, he said.
Nik’s advice to young professionals is to always act with honour and professionalism, “Everyone, including young professionals, should uphold integrity at all cost. Once that is compromised, that’s the end of it because you’ll lose your professional image and it will be difficult to regain people’s trust and respect”.