Too Chang Wee (19005) as the director and shareholder of Smart Solution & Management Consultancy Sdn. Bhd (‘the Company’) had been punished and imposed a fine of RM3000-00 and costs of RM5000-00 by the Disciplinary Committee of the Institute on 17/3/2025 for he had on or about 4/11/2019 advertised in the Company’s website known as www.smartsolution2u.com that the Company is in business of providing, amongst others, auditing and tax services, which may lead the public at large to infer that he is providing such services when in fact he does not possess a valid audit and tax license issued by the relevant authority.
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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