See Yun Choy (23125) as one of the directors of Weld Asia Tax Advisory Sdn Bhd (‘Company’) had been punished and imposed a fine of RM3000-00 and costs of RM4000-00 by the Disciplinary Committee of the Institute on 24/9/2024 for he had on or about 18/12/2023 advertised and/offered, and/or promoted, and/or represented that the Company is a provider of auditing, accounting and taxation services in its advertisement published in the Maukerja website at http://www.maukerja.my/en/company/163449-weld-asia-tax-advisory-sdn-bhd which is likely to lead the public at large to infer that he and his Company are qualified to promote/offer audit and tax services when he is not qualified to do so, as he does not possess the pre-requisite audit and tax agent license issued by the relevant authority. Furthermore, audit services can only be provided via an audit firm and not a Company. Thus, such advertisement is likely to infer inaccurately to the public at large.
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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