Mohamad Hakim Adnan (31854) as one of the directors of JTB Partners Sdn. Bhd. (“the Company”) had been punished and imposed a fine of RM1500-00 and costs of RM4000-00 by the Disciplinary Committee of the Institute on 24/1/2025 for he had on or around 4/1/2024 had advertised and/or promoted and/or represented on the website www.jtbpartners.com.my, that the Company is in the business of providing, amongst others, audit service which may lead the public at large to infer that he and/or the Company offer and/or provide audit service despite the fact that he does not hold a valid audit license issued by the relevant authority and the Company is not registered as an audit firm 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.’
Regulate • Develop • Advance
@2025 Malaysian Institute of Accountants. All rights reserved.