As the duly employed account manager of Rasumi Medipharma Sdn. Bhd. (“the Company”) had been reprimanded and imposed a costs of RM4000-00 by the Disciplinary Committee of the Institute on 19/7/2022 for having failed to finalise the audited accounts of the Company for the year 2019, resulting in the Company being unable to acquire a banking facility for the sum of RM1 million from RHB Bank and further incurring an expense of RM9,998.20 being the legal fees imposed for the RHB Banking Facility. She had failed to also complete the management account of the Company for the year 2020 and failed to have a proper duty handover pertaining to the matters involving Inland Revenue Board upon her resignation on 1/9/2020.
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.’