Zambri Mat (24245) as the director of ZM Corporate Services Sdn. Bhd. (‘the Company’) had been punished and imposed a fine of RM4000-00 and costs of RM4000-00 by the Disciplinary Committee of the Institute on 16/4/2024 for it was discovered via a search conducted on 7/11/2022 by the Complainant on the Company’s Corporate Information with SSM that the Company’s nature of business is described as providing public practice service amongst others, accounting, secretarial services, tax, and business consultancy that may lead the public at large to infer that he and/or the Company is qualified to provide and/or offer public practice services despite the fact that he does not hold the prerequisite valid practising certificate and/or tax agent license.
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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