in her capacity as a chartered accountant and a partner of YH & Co. had been punished and imposed a fine of RM4000-00 and costs of RM5000-00 by the Disciplinary Committee of the Institute on 9/3/2021 for having engaged and/or provided public practice services, i.e. accounting, bookkeeping and taxation services on 1/3/2018 without possessing a valid practising certificate issued by the Institute and/or a valid tax license issued by the relevant authority under Section 153 (1) of the Income Tax Act 1967.
in her capacity as a partner of YH & Co. had been punished and imposed a fine of RM4000-00 by the Disciplinary Committee of the Institute on 9/3/2021 for having advertised on or about 26/3/2018 in the local newspaper, namely the Daily Express and via social media, i.e. Facebook promoting accounting, bookkeeping and taxation services, which may lead the public at large to infer that she provides public practice services when she in fact does not possess a valid practising certificate issued by the Institute.
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.’