1967 - Later on, the findings of a manpower survey conducted by the government in collaboration with the United Nations highlighted a crucial shortage of professional and semi-professional Bumiputeras in the workforce. As a result, MARA College was given a 300-acre plot of land in Shah Alam as the new campus site and designated with the important task of training Bumiputeras to meet the requirements of an increasingly demanding job market. On 14 October 1967, the late Tun Abdul Razak laid the foundation stone and MARA College was renamed as Institut Teknologi MARA (ITM). In June 1967, the ITM Act was passed and its administration was placed under the jurisdiction of the Ministry of Education. Two more new programmes were offered in that year i.e. the Association of Chartered Certified Accountants (ACCA) and the Diploma in Accountancy (DIA).

1956 - The first accountancy programme was introduced in 1956 with the establishment of RIDA College in Jalan Othman, Petaling Jaya, inspired by Dato’ Onn Jaffar. As a government agency, it served to alleviate the socio-economic status of rural Bumiputeras by providing training and educational opportunities. The programme introduced was the London Chambers of Commerce and Industry (LCCI), a UK accounting programme, then followed by the Australian Society of Accountants (ASA). 5 years later, RIDA ran the Institute of Costs and Works Accountants (CIMA/ICWA), also a UK recognized accounting programme.