Universiti Teknologi MARA (UITM) and the Accounting Research Institute (ARI) has recently signed a Memorandum of Understanding (MOU) with the Philippines Institute of CPA Chapter in Cagayan. The MOU was respectively signed by UiTM's Vice Chancellor Dato' Seri Prof Ir Dr Sahol Hamid Abu Bakar and the President of Philippines CPA Cagayan, Mr Eshmael Amanoding. Among the programs agreed by the MOU include (i) the organization of a joint conference in Islamic Finance and Financial Criminology in October 2013, (ii) collaborative research in Islamic Finance and Financial Criminology between ARI and Philippines CPA (Cagayan), (iii) joint publications by researchers from ARI, Mindanou State University (MSU) and (iv) joint training programs in Islamic Financial Criminology.