Sahril Mintol @ Mansor (19424) as the sole proprietor of non-audit firm, Sahril Associates (‘Firm’) had been punished and imposed a fine of RM3,000 and costs of RM4,000 by the Disciplinary Committee on 13/2/2023 for he had on or about 7/6/2022 advertised audit services on his firm’s website and on 28/5/2022 published a recruitment advertisement for senior associate for account/audit on Jobstreet’s website, which is likely to lead the public at large to infer that he and his firm are qualified to provide audit services when he is not allowed to do so, as he does not possess the pre-requisite audit license issued by the relevant authority, and neither is the firm 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.’
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