Hor Siow Wei (43294) as a sole-proprietor of Hor SW Advisory (‘Firm’) had been punished and imposed a fine of RM4000-00 and costs of RM4000-00 by the Disciplinary Committee of the Institute on 21/12/2020 for advertising in the Facebook and in the JobStreet under the name of the Firm on 2/1/2019 and 18/1/2019 that she is in the business of providing audit and taxation services and to recruit Audit cum Accounts Associate that is not permitted within the ambit of the Institute’s By-Laws, which may lead the public at large to infer that the Firm is authorised to provide audit and tax services when in fact, she does not possess a valid audit and/or tax licence issued by the relevant authority.

Tan Eng Aun (2474) as a sole proprietor of  Messrs. Tan & Tan Associates (‘Firm’) had been punished and imposed a suspension of 3 months effective 1/3/2021, fine of RM5000-00, costs of RM4000-00, ordered the Practicing Certificate to be cancelled for 3 months effective 1/3/2021 and ordered to attend a course conducted by the Institute on Audit Quality Enhancement Program by the Disciplinary Committee of the Institute on 21/12/2020 after the Firm had been rated as ‘unsatisfactory’ as indicated in the Monitoring Review Report dated 26/4/2019 which detailed the weaknesses in the audit work performed.

Ng Ying Huey (25315) as a sole proprietor of Messrs. Ying & Associates (‘Firm’) had been punished and imposed a fine of RM2000-00, costs of RM4000-00 and reprimanded by the Disciplinary Committee of the Institute on 12/1/2021 for having impaired the independence of the Firm as a statutory auditor by sharing its head office with the company secretary who is also her close family member of certain of its audit clients, up to 31/3/2018 as revealed by the practice review conducted on the firm by the Institute.

Ng Ying Huey (25315) in her capacity as a partner of Messrs. Low & Co. (‘Firm’) and as appointed auditor of Fu Yat (M) Sdn Bhd and Dynivest Progress Sdn Bhd (‘Audit Clients’) had been punished and imposed a suspension of 1 year effective 1/4/2021 and costs of RM4000-00 by the Disciplinary Committee of the Institute on 12/1/2021 for committing an act of creating threat to independence when she had provided auditing services to the said Audit Clients, whilst her sister, one Ng Ying Sye was the company secretary of the said Audit Clients during the material time, from 7/8/2017 to 6/9/2018 and 18/8/2017 to 8/6/2018.

Chew Kah Hoe (11447) as a sole proprietor of Messrs. KHC (‘Firm’) had been punished and imposed a suspension of 3 months effective 1/3/2021, fine of RM5000-00, costs of RM4000-00 and ordered to attend a course conducted by the Institute on Audit Quality Enhancement Program by the Disciplinary Committee of the Institute on 12/1/2021 after the Firm had been rated as ‘unsatisfactory’ as indicated in the Follow-up Review Report dated 17/9/2019 which detailed the weaknesses in the audit work performed.

Tan Yen Siang (43554) as a sole proprietor of YS Accountancy (‘Firm’) had been punished and imposed a fine of RM4000-00 and costs of RM4000-00 by the Disciplinary Committee of the Institute on 12/1/2021 for having advertised in the Firm’s website at http://ysaccountancy.com, Facebook page and in the leaflet under the name of the Firm on or about 13/2/2019 that she is in the business of providing audit and taxation services which may lead the public at large to infer that the Firm provides audit and tax services when she in fact does not possess a valid audit and/or tax licence issued by the relevant authority.

She Pei Sze (25025) in her capacity as the tax agent of the Complainant’s company, Webfirm Operations Sdn Bhd had been punished and imposed a fine of RM3000-00 and costs of RM4000-00 and reprimanded by the Disciplinary Committee of the Institute on 12/1/2021 for failing to submit personal tax assessment for the year 2016 and 2017 on behalf of the Complainant to Lembaga Hasil Dalam Negeri and further failed to update and/or respond to the Complainant’s queries pertaining to the late tax filing for the said years.

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