as sole proprietor of Messrs Toh Seck Hoon had been punished and imposed a suspension of 18 months effective 1/2/2022, fine of RM5000-00 and costs of RM4000-00 by the Disciplinary Committeee of the Institute on 8/12/2021 for having acted as the sole bank signatory for Han Ai Consultancy Sdn Bhd (‘HAC’) from 14/2/2014 to 2/8/2016 for a current account maintained with a bank despite HAC being her audit client during the material period.
as sole proprietor of Messrs Toh Seck Hoon had been punished and imposed a suspension of 12 months effective 1/2/2022 and fine of RM5000-00 by the Disciplinary Committee of the Institute on 8/12/2021 for having assumed the role as an auditor of HAC from 2/11/2015 to 2/8/2016 despite knowing that her husband and son were appointed as directors of HAC on 2/11/2015.
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.’