Lim Sok Lin (25933) in her capacity as a chartered accountant and the director of the following companies namely Kalyx Consultancy Sdn. Bhd (562552-W), Kalyx Management & Consulting Sdn. Bhd. (520176-D), Kalyx Corporate Services Sdn. Bhd. (649692-K) and Kalyx Tax Services Sdn Bhd (1120556-X) had been punished and imposed a fine of RM4000-00 and costs of RM4000-00 by the Disciplinary Committee of the Institute on 22/9/2020 for practicing and offering public practice services, amongst others taxation, accounting and company secretarial services from 3/3/2006 until 24/10/2018 without possessing a valid practising certificate issued by the Institute and/or a valid tax 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.’
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