Decisions of the Disciplinary Committee of the Malaysian Institute of Accountants (‘Institute’) against members pursuant to Rule 18(1) of the Malaysian Institute of Accountants (Disciplinary) Rules 2002
Wan Nadzir Wan Mohamad (13490) as the partner of Messrs. Wan Nadzir & Co (‘the Firm’) had been punished and imposed a fine of RM3,000.00, costs of RM2,000.00 and ordered to attend a course conducted by the Institute on Audit Quality Enhancement Programme by the Disciplinary Committee of the Institute on 21 May 2018 after the Firm had been rated as ‘unsatisfactory’ as indicated in the Follow-up Review Report dated 17 June 2014 which detailed the weaknesses in the audit work performed.
Chua Boon Leong (3329) as the Chairman of the Audit Committee of Haisan Resources Berhad (‘the Company’) for the financial year ended 31 December 2012 (‘the said financial year’) had been punished and imposed a fine of RM5,000.00, costs of RM3,000.00 and ordered to attend courses entitled Common Errors in Presenting Financial Statements and Governance for the Audit Committee Members conducted by the Institute within one year by the Disciplinary Committee of the Institute on 21 May 2018 for failure to exercise due care and diligence in the review of the financial statements of the Company for the said financial year, which contained multiple disclosure errors, omissions and non-compliances with the Malaysian Financial Reporting Standards.
Jap Kuet Phiaw (3990) as the partner of Messrs. CT Wong & Company (‘the Firm’) had been punished and imposed a fine of RM3,000.00, costs of RM2,000.00 and ordered to attend a course conducted by the Institute on Audit Quality Enhancement Programme by the Disciplinary Committee of the Institute on 21 May 2018 after the Firm had been rated as ‘unsatisfactory’ as indicated in the Follow-up Review Report dated 17 September 2014 which detailed the weaknesses in the audit work performed.
Wong Chi Tieng (3920) as the partner of Messrs. CT Wong & Company (‘the Firm’) had been punished and imposed a fine of RM3,000.00 and costs of RM2,000.00 by the Disciplinary Committee of the Institute on 21 May 2018 after the Firm had been rated as ‘unsatisfactory’ as indicated in the Follow-up Review Report dated 17 September 2014 which detailed the weaknesses in the audit work performed.
Richard William Wilfred (16686) as the sole proprietor of Messrs. RW William (‘the Firm’) had been punished and imposed a fine of RM3,000.00, costs of RM2,000.00 and ordered to attend a course conducted by the Institute on Audit Quality Enhancement Programme by the Disciplinary Committee of the Institute on 11 June 2018 after the Firm had been rated as ‘unsatisfactory’ as indicated in the Follow-up Review Report dated 30 September 2016 which detailed the weaknesses in the audit work performed.
Richard William Wilfred (16686) as the sole proprietor of Messrs. S.P. Lee & Co (‘the Firm’) had been punished and imposed a fine of RM3,000.00, costs of RM2,000.00 and ordered to attend a course conducted by the Institute on Audit Quality Enhancement Programme by the Disciplinary Committee of the Institute on 11 June 2018 after the Firm had been rated as ‘unsatisfactory’ as indicated in the Follow-up Review Report dated 30 September 2016 which detailed the weaknesses in the audit work performed.
