Mohd Hasrin Hanafi Abd Rahman (32006) as a sole proprietor of H&H Vision Consulting had been punished and removed from the register, imposed a fine of RM5,000 and costs of RM5,000 by the Disciplinary Committee of the Institute on 13/2/2023 for he had, despite being engaged as an internal auditor of PG Asia Investment Bank Ltd (‘the Bank’) to complete the Bank’s internal audit by 31/3/2022, failed to complete the internal audit assignment as agreed and had continuously failed to respond and update the Bank on the progress of the internal audit, despite numerous follow-ups from the Bank.
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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