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Decisions of the Disciplinary Committee of the MIA

February 9, 2022
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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.

Ma Piek Ching (42332) as a member of the Institute and the director of Contaq Advisory Sdn Bhd (“Contaq”)had been punished and imposed a fine of RM4000-00 and costs of RM4000-00 by the Disciplinary Committee of the Institute on 9/3/2021 for advertising that Contaq provides and/or offers audit and tax services via Contaq’s Facebook account and on Jobstreet to the public at large as at 19/9/2019. The said advertisements would lead the public at large to infer that she is authorised to provide public practice services such as audit and tax services via Contaq when she in fact, does not possess a valid audit licence nor a tax agent licence issued by the Ministry of Finance to qualify her to provide such services.

Premjeet Kaur Pertap Singh (17663):

  1. as the partner of Ng Beant & Company (‘the Partnership’) had been punished and imposed a fine of RM4000-00 and costs of RM4000-00 by the Disciplinary Committee of the Institute on 29/11/2021 for holding herself out as a member in public practice to the  public at large despite not holding a valid practicing certificate issued by the Institute from 5/4/2001 till 25/9/2003, 22/12/2005 till 8/2/2012,  6/12/2012 till 31/10/2013 and from 23/3/2015 to 13/12/2019.
  2. had been punished and imposed a fine of RM2500-00 by the Disciplinary Committee of the Institute on 29/11/2021 for performing audit work for O.A.A. Heavy Machinery Sdn. Bhd. and M.R. & Sons Vehicle Parts Sdn. Bhd for the financial years ended 31/3/2018 and 30/6/2018, respectively, on behalf of Messrs. MY & Co without holding a valid audit license or without being an employee of Messrs. MY & Co.
  3. as the company secretary for O.A.A. Heavy Machinery Sdn. Bhd (‘OHM’) and M.R. & Sons Vehicle Parts Sdn. Bhd. (‘MSVP’) had been punished and imposed a fine of RM2500-00 by the Disciplinary Committee of the Institute on 29/11/2021 for simultaneously performing audit work on the financial statements of OHM and MSVP for the financial years ended 31/3/2018 and 30/6/2018 respectively.

Selva Rasan Puspa Das (15135):

  1. as a partner of Messrs. Inpana & Associates(“the Firm”) had been punished and imposed a suspension of 3 months effective 1/1/2022, 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 29/11/2021 after the Firm had been rated as ‘unsatisfactory’ as indicated in the Follow-up Review Report dated 1/7/2019 which detailed the weaknesses in the audit work performed.
  2. as a partner of Messrs. Inpana & Associates (“the Firm”) had been punished and imposed a suspension of 1 year effective 1/1/2022 and fine of RM5000-00 by the Disciplinary Committee of the Institute on 29/11/2021 for signing the auditor’s report of Jaya Cepat Plastic Industries Sdn. Bhd. (“JCPI”) for the financial year ended 30/9/2017 despite knowing that the company secretary of JCPI is also the daughter of the Firm’s Managing Partner.

Augustine T.K. James (6360) as the sole proprietor of Messrs. James & Co (“the Firm”) had been punished and imposed a suspension of 3 months effective 1/1/2022, 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 29/11/2021 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.

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