Mohammad Tarmizi Bin Misnadar (24830) as a sole proprietor of MZ Consulting & Corporate Services (“Business”) had been punished and imposed a fine of RM4000-00 and costs of RM4000-00 by the Disciplinary Committee of the Institute on 26/7/2021 for advertising, promoting and/or representing in the Business’ websites at http://www.mzconsulting.com.my/, https:// mzconsultingco.com/ and the Business’ Facebook page on or about 13/4/2020 that the Business is an audit firm which offers amongst others, auditing services, which may lead the public at large to infer that he is qualified to provide auditing services, when in fact he does not possess a valid audit license issued by the relevant authority, and neither the Business is an audit firm.
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.