as a partner of Messrs. Inpana & Associates(“the Firm”) had been punished and imposed a suspension of 3 months effective 1/1/2022, fine of RM5000-00, costs of RM4000-00 and ordered to attend a course conducted by the Institute on Audit Quality Enhancement Program by the Disciplinary Committee of the Institute on 29/11/2021 after the Firm had been rated as ‘unsatisfactory’ as indicated in the Follow-up Review Report dated 1/7/2019 which detailed the weaknesses in the audit work performed
as a partner of Messrs. Inpana & Associates (“the Firm”) had been punished and imposed a suspension of 1 year effective 1/1/2022 and fine of RM5000-00 by the Disciplinary Committee of the Institute on 29/11/2021 for signing the auditor’s report of Jaya Cepat Plastic Industries Sdn. Bhd. (“JCPI”) for the financial year ended 30/9/2017 despite knowing that the company secretary of JCPI is also the daughter of the Firm’s Managing Partner
Unit 33-01, Level 33, Tower A, The Vertical, Avenue 3, Bangsar South City,
No.8 Jalan Kerinchi, 59200 Kuala Lumpur, Malaysia.
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.’