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Decisions of the Disciplinary Committee of the MIA

August 6, 2021
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Decisions of the Disciplinary Committee of the MIA

Decisions of the Disciplinary Committee of Malaysian Institute of Accountants (‘Institute’) against members pursuant to Rule 18(1) of the Malaysian Institute of Accountants (Disciplinary) Rules 2002

Yeoh Nam Kooi (1022) the sole proprietor of Messrs. Teoh Phaik Lean & Co. (“the Firm”) had been punished and imposed a suspension of 3 months effective 1/7/2021, 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 30/3/2021 after the Firm had been rated as ‘unsatisfactory’ as indicated in the Monitoring Review Report dated 10/6/2019 which detailed the weaknesses in the audit work performed.

Ong Chee Seng (6255) :

  1. As the director of Cheng & Co Holding Sdn Bhd (“CCH”) had been punished and imposed a fine of RM2000-00 and costs of RM4000-00 by the Disciplinary Committee of the Institute on 22/4/2021 for  allowing CCH to make misleading disclosure on CCH’s website at https://www.chengco.com.my that CCH is a chartered accountant firm and is closely associated with some of CCH’s Member Firms which are not registered with the Institute and/or qualified to offer public practice services to the public at large.
  2. As the director of Cheng & Co Holding Sdn Bhd (“CCH”) had been punished and imposed a fine of RM2000-00 by the Disciplinary Committee of the Institute on 22/4/2021 for having allowed CCH, a non- chartered accountant firm to be referred by Soon Corporate Services (“SCS”) in its Facebook that SCS is a Member Firm of CCH as at 26/8/2019, when SCS is not registered with the Institute and/or qualified to offer public practice services to the public at large.

Lam Kwai Soon (21624) :

  1. As the director of Cheng & Co Holding Sdn Bhd (“CCH”) had been punished and imposed a fine of RM2000-00 and costs of RM4000-00 by the Disciplinary Committee of the Institute on 22/4/2021 for allowing CCH to make misleading disclosure on CCH’s website at https://www.chengco.com.my that CCH is a chartered accountant firm and is closely associated with some of CCH’s Member Firms which are not registered with the Institute and/or qualified to offer public practice services to the public at large.
  2. As a member of the Institute and the director of Cheng & Co Holding Sdn Bhd (“CCH”) had been punished and imposed a fine of RM2000-00 by the Disciplinary Committee of the Institute on 22/4/2021 for allowing CCH, a non- chartered accountant firm, to be referred by Soon Corporate Services (“SCS”) in its Facebook on 26/8/2019 that SCS is a Member Firm of CCH, when SCS is not registered with the Institute and/or qualified to offer public practice services to the public at large.

Dato’ Dr Chua Hock Hoo (7622) : 

  1. As the the director of Cheng & Co Holding Sdn Bhd (“CCH”) had been punished and imposed a fine of RM2000-00 and costs of RM4000-00 by the Disciplinary Committee of the Institute on 22/4/2021 for allowing CCH to make misleading disclosure on CCH’s website at https://www.chengco.com.my that CCH is a chartered accountant firm and is closely associated with some of CCH’s Member Firms which are not registered with the Institute and/or qualified to offer public practice services to the public at large.
  2. As the director of Cheng & Co Holding Sdn Bhd (“CCH”) had been punished and imposed a fine of RM2000-00 by the Disciplinary Committee of the Institute on 22/4/2021 for allowing CCH, a non- chartered accountant firm, to be referred by Soon Corporate Services (“SCS”) in its Facebook on 26/8/2019 that SCS is a Member Firm of CCH, when SCS is not registered with the Institute and/or qualified to offer public practice services to the public at large.

Ramacchandaran Periasamy (19176) as the sole proprietor of Alpha Force Consultants (“the Business”) had been punished and imposed a fine of RM4000-00 and costs of RM4000-00 by the Disciplinary Committee of the Institute on 19/5/2021 for he had on or about 23/4/2020 advertised, promoted and represented amongst others audit and tax services in the advertisement made in relation to the Business in its website i.e. http://www.alphaforce.com.my which may lead the public at large to infer that he offers audit and tax services which are public practice services when he in fact does not possess a valid audit and tax agent license issued by the relevant authority.

Azli Muhamad (36424) as the director and shareholder of Byond Corporate Management 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 19/5/2021 for he had on or about 13/1/2020 advertised, promoted and represented that the Company and/or he offered amongst others audit and tax services in the service descriptions made on his business card, Facebook page of the Company known as facebook.com/byondcorp, the Company’s banner and websites for talents scouting and job vacancies in https://jobs.jawatan-kerja.com, http://www.semakjawatan.com and http://graduan.co which may lead the public at large to infer that he offers audit and tax services when he in fact does not possess a valid audit and tax agent license issued by the relevant authority.

Daniel Wong Chan Wai (36853) :

  1. As the partner of ABC Solutions PLT (‘’the Partnership’’) had been punished and imposed a fine of RM5000-00 and costs of RM4000-00 by the Disciplinary Committee of the Institute on 19/5/2021 for allowing a person to be his partner to practice in public practice service from 28/6/2019 till 11/11/2019 without him being a member of the Institute.
  2. As the partner of ABC Solutions PLT (‘’the Partnership’’) had been punished and imposed a fine of RM4000-00 by the Disciplinary Committee of the Institute on 19/5/2021 for he had advertised, promoted and represented in an advertisement discovered via a search conducted in relation to the Partnership in its website i.e. http://abcs.my/index.html and JobStreet.com.my on 14/2/2020 and 17/2/2020 respectively, that the Partnership offers amongst others tax services, upon which may lead the public at large to infer that he is a qualified tax agent when he did not possess a valid tax agent license issued by the relevant authority.
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