Heng Cheng Huai (38246) Heng Cheng Huai (38246) as the sole proprietor of CH Heng & Co. (‘the Firm’) had been punished and imposed a fine of RM2000-00 and costs of RM2000-00 by the Disciplinary Committee of the Institute on 16/6/2020 for having advertised and promoted tax services in the Firm’s website known as http://chhengco.business.site on 15/2/2019 which may lead the public at large to infer that he provides tax service when in fact he does not possess a valid tax agent license issued by the relevant authority.
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.’
Regulate • Develop • Advance
@2022 Malaysian Institute of Accountants. All rights reserved.