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Decisions of the Disciplinary Committee of the MIA

October 24, 2018
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Decisions of the Disciplinary Committee of the MIA

Lai Min Pin (6686) as the sole proprietor of Messrs. Lai Min Pin & Co (‘the Firm’) had been punished and imposed a fine of RM3000-00, costs of RM2000-00 and ordered to attend a course conducted by the Institute on Audit Quality Enhancement Program by the Disciplinary Committee of the Institute on 16 July 2018 after the Firm had been rated as ‘unsatisfactory’ as indicated in the Follow-up Review Report dated 2 June 2016 which detailed the weaknesses in the audit work performed.

Lee Kim Foon (1140)  as the sole proprietor of Messrs. K. F. Lee & Co (‘the Firm’) had been punished and imposed a fine of RM3000-00, costs of RM2000-00 and ordered to attend a course conducted by the Institute on Audit Quality Enhancement Program by the Disciplinary Committee of the Institute on 16 July 2018 after the Firm had been rated as ‘unsatisfactory’ as indicated in the Follow-up Review Report dated 19 January 2016 which detailed the weaknesses in the audit work performed.

Chew Teck Cheng (3039)  as the sole proprietor of Messrs. T. C. Chew & Co (‘the Firm’) had been punished and imposed a fine of RM4000-00, costs of RM2000-00 and ordered to attend a course conducted by the Institute on Audit Quality Enhancement Program by the Disciplinary Committee of the Institute on 16 July 2018 after the Firm had been rated as ‘unsatisfactory’ as indicated in the Follow-up Review Report dated 6 March 2017 which detailed the weaknesses in the audit work performed.

Wong Joo Hua (18069) the partner of Messrs. Wong Joo Hua & Co (‘the Firm’) had been punished and imposed a fine of RM3000-00, costs of RM2000-00 and ordered to attend a course conducted by the Institute on Audit Quality Enhancement Program by the Disciplinary Committee of the Institute on 16 July 2018 after the Firm had been rated as ‘unsatisfactory’ as indicated in the Follow-up Review Report dated 19 January 2016 which detailed the weaknesses in the audit work performed.

Lee Chun Hian (29862) had been punished and imposed a fine of RM2000-00 and costs of RM2000-00 by the Disciplinary Committee of the Institute on 16 July 2018 for providing Public Practice Services i.e. performed audit engagements on Heng Yong Trading Sdn Bhd and Sin Yin Yan Sdn Bhd (‘the Companies’) for the year ended 2013 on behalf of Messrs. Saliman & Co., and was also the Company Secretary for the Companies within the period of December 2011 to Sept 2015 without holding a valid Practising Certificate issued by the Institute.

Ling Lee Chuong (1560) as the sole proprietor of Messrs. Ling Lee Chuong & Co (‘the Firm’) had been punished and imposed a fine of RM3000-00, costs of RM2000-00 and ordered to attend a course conducted by the Institute on Audit Quality Enhancement Program by the Disciplinary Committee of the Institute on 16 July 2018 after the Firm had been rated as ‘unsatisfactory’ as indicated in the Follow-up Review Report dated 17 August 2017 which detailed the weaknesses in the audit work performed.

Ong Boon Hai (11482) as the sole proprietor of Messrs. Lee & Ong Associates (‘the Firm’) had been punished and imposed a fine of RM3000-00, costs of RM2000-00 and ordered to attend a course conducted by the Institute on Audit Quality Enhancement Program by the Disciplinary Committee of the Institute on 16 July 2018 after the Firm had been rated as ‘unsatisfactory’ as indicated in the Follow-up Review Report dated 2 December 2014 which detailed the weaknesses in the audit work performed.

Wong Chin Teck (7120) the partner of Messrs. H.K. Phuah & Co (‘the Firm’) had been punished and imposed a fine of RM3000-00, costs of RM2000-00 and ordered to attend a course conducted by the Institute on Audit Quality Enhancement Program by the Disciplinary Committee of the Institute on 16 July 2018 after the Firm had been rated as ‘unsatisfactory’ as indicated in the Follow-up Review Report dated 9 February 2015 which detailed the weaknesses in the audit work performed.

Soo Yoke Mun (973) as the sole proprietor of Messrs. Y.M. Soo & Co (‘the Firm’) had been punished and imposed a fine of RM3000-00, costs of RM2000-00 and ordered to attend a course conducted by the Institute on Audit Quality Enhancement Program by the Disciplinary Committee of the Institute on 16 July 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.

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