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.
Phuah Lai Hock (6834) a partner of Messrs. Phuah & Loo had been punished and imposed a suspension of 6 months effective 1/10/2022, 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 19/5/2022 after the Firm had been rated as ‘unsatisfactory’ as indicated in the Monitoring Review Report dated 20/12/2019 which detailed the weaknesses in the audit work performed.
Ng Jiun Chee (19669) as the sole proprietor of a non-audit firm, JC NG & Associates (‘the Firm’) had been punished and imposed a fine of RM1500-00 and costs of RM4000-00 by the Disciplinary Committee of the Institute on 19/5/2022 for failing to lodge the annual return of the Firm with the Institute for the year 2020 by 31/1/2020 as required under the Institute’s By-Laws and that she had continuously failed to lodge the same, despite repeated reminders from the Institute, till the date a complaint was lodged against her.
Tan Tee Kheng (26978) as one of the director of TTK Biz Advisors Sdn Bhd (‘Company’) had been punished and imposed a fine of RM4000-00 and costs of RM4000-00 by the Disciplinary Committee of the Institute on 19/5/2022 for he had on or about 16/11/2020 advertised in www.jobstreet.com, that he is in the business of offering and/or providing audit and taxation services which may lead the public at large to infer that he is qualified to offer and/or provide audit and tax services when in fact, he does not possess a valid audit and/or tax licence issued by the relevant authority.
Koh Ming Cher (44859) as one of the partners of Rockwell Global Solution (‘the Business’) a business registered with the Registration of Businesses Act 1956 had been reprimanded and imposed a costs of RM4000-00 by the Disciplinary Committee of the Institute on 19/5/2022 for having provided and/or offered public practice services, and had allowed one person to be his partner in the Business to practice as Chartered Accountant without that person being a member of the Institute for the period between 24/6/2020 to 23/11/2020.
Noradatulsima Saiman (29572):-
- as the sole proprietor of Sandsi Management Services had been punished and imposed a fine of RM4000-00 and costs of RM4000-00 by the Disciplinary Committee of the Institute on 19/5/2022 for having practised, represented and/or held herself out from 2/1/2020 till 22/7/2020 as a member in public practice to the public in the field of company secretarial despite not holding a valid practising certificate issued by the Institute.
- as the sole proprietor of Sandsi Management Services and as the company secretary for Minda Cerdas Solution Sdn. Bhd (‘Company’) had been punished and imposed a fine of RM3000-00 by the Disciplinary Committee of the Institute on 19/5/2022 for having failed to submit the Application to Strike Off of the Company under Section 550 of the Companies Act 2016 in a timely manner after receiving instructions from the Complainant, resulting in the Company being compounded with a total sum of RM35,000.00 for failing to lodge financial statements and reports with Registrar of the Company under Section 259(1)(a) of the Companies Act 2016 for the years of 2017 and 2018 and further for failing to lodge annual return under Section 68(1) of the Companies Act 2016 for the years 2017, 2018, and 2019.
Ho Toh Chee (3826):-
- as the statutory auditor of Kwan Chee Hang Sdn. Bhd. (‘Company’) had been punished and imposed a fine of RM2000-00 and costs of RM5000-00 by the Disciplinary Committee of the Institute on 6/4/2022 for having failed to perform his statutory duties as an auditor in respect of reporting to Suruhanjaya Syarikat Malaysia of any breach or non-observance of the applicable provisions of the Companies Act 1965 for the financial year ended 30/9/2013. The above breach or non-observance was evidenced by the erroneous disclosure of the opening and current year movements in Directors’ Interest in Shares and the incorrect entries made on similar disclosure items included in the Annual Returns made up to 31/3/2013 and 31/3/2014 respectively and lodged to SSM by the Company, despite him being privy to all the relevant information and records/documents needed to detect such erroneous disclosures and/or entries leading to the inconsistency as observed.
- as the statutory auditor of Kwan Chee Hang Sdn. Bhd. (‘Company’) had been punished and imposed a fine of RM5000-00 by the Disciplinary Committee of the Institute on 6/4/2022 for he had on the financial years ended 30/9/2008, 30/9/2009, 30/10/2010 and 30/9/2011 failed to perform his statutory duties as an auditor in respect of reporting to Suruhanjaya Syarikat Malaysia of any breach or non-observance of the applicable provisions of the Companies Act 1965 (‘Act’). The above breach or non-observance was evidenced by the non-compliance with approved accounting standard due to the inappropriate accounting treatment adopted for its Investment in Associated Companies by the Directors of the Company for the said financial years, resulting in a breach of Section 166A of the Act on Compliance with approved accounting standards.
Tham Kut Cheong (1790) as the sole proprietor of an audit firm, K.C. Tham & Co (‘Firm’) had been punished and imposed a fine of RM1000-00 and costs of RM4000-00 by the Disciplinary Committee of the Institute on 6/4/2022 for having failed to lodge the annual return of the Firm with the Institute for the year 2020 by 31/1/2020 as required under the Institute’s By-laws and that he had continuously failed to lodge the same untill 31/1/2021 despite repeated reminders from the Institute, untill the date a complaint was lodged against him.
