Chuah Eng Peng (29046) as the director of Taxcount Secretarial Sdn. Bhd and My Taxcount Sdn. Bhd. (‘the Companies’) and the sole-proprietor of Messrs. Steven Chuah & Co. (‘the Firm’) (collectively ‘Taxcount Consulting Group’) had been punished and imposed a fine of RM3000-00 and costs of RM4000-00 by the Disciplinary Committee of the Institute on 24/9/2024 for he had on 9/1/2024 and 10/1/2024 advertised and/or promoted and/or represented on the website of www.taxcount.com.my, Jobstreet, Joblum, Facebook account of TaxCount and various other online job seeking platforms that TaxCount Consulting Group is in the business of providing amongst others audit and taxation which may lead the public at large to infer that he and/or the Companies and/or the Firm and/or TaxCount Consulting Group offer and/or provide audit and tax services despite the fact that he does not hold a valid audit and tax agent license from the relevant authority and the Companies and/or TaxCount Consulting Group is not an audit firm registered with the Institute.
The use of the word ‘Accountant’
In Malaysia, the word ‘Accountant’ is protected as provided for under the provisions of the Accountants Act 1967 which states that no one can hold himself out or practise as an Accountant unless he is registered as a member of the Malaysian Institute of Accountants.
‘The Malaysian Institute of Accountants is committed to the observance and practice of the highest ethical standards of the accountancy profession. All PC holders are reminded that under the MIA By-Laws (On Professional Ethics, Conduct And Practice), no person shall practice or hold out anything on audit/tax services without a license approved by the Ministry of Finance. Every PC holder is therefore expected to comply fully with Section B200.1 to B200.6 of the MIA By-Laws (On Professional Ethics, Conduct And Practice) failing which, you may be held liable for unprofessional conduct and disciplinary action may be taken against you.’
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