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.
Koa Ching Yi (35273) as the sole proprietor of an audit firm, K & Co. (‘the Firm’) had been punished and imposed a fine of RM3000-00 and costs of RM4000-00 by the Disciplinary Committee of the Institute on 21/6/2023 where he was found to have shared the same telephone number with Sino Management Solutions Sdn Bhd and Sino Concept Sdn Bhd (‘the Companies’) for whom he had performed audit services for the financial year ended 31/12/2018 and 31/12/2017. There is also an advertisement/publication posted on Facebook of which it is claimed that the Firm is one of the entities that formed part of the group of companies under Sino Management Solutions Sdn Bhd. Hence, the sharing of the same telephone number with the Companies and the advertisement have given rise to an inference that there are close business relationships between himself/the Firm with the Companies of which these business relationships could be significant and might involve material financial interests between himself/the Firm and the Companies.
Yong Siew Ching (16872) as the sole director of QR Management Sdn Bhd (‘the Company’) had been reprimanded and imposed costs of RM4000-00 by the Disciplinary Committee of the Institute on 21/6/2023 for she had on 2/6/2022 through the Company, advertised on Jobstreet for a vacancy of an Accounts/Audit cum Tax Senior Executive, when in fact she and/or the Company are not allowed to advertise as such since she does not possess a valid audit and tax licence issued by the relevant authority and the Company is also not an audit firm. Therefore, such advertisement may lead the public at large to infer that she and/or the Company offer audit and tax services, which under the law she and/or the Company are prohibited to do so.
Yong San Liew (30322) a sole proprietor of Messrs S Yong & Associates (‘SYA’) had been punished and imposed a fine of RM4000-00 and costs of RM5000-00 by the Disciplinary Committee of the Institute on 21/6/2023 for she had on 14/8/2019 advertised the provision of audit and tax services via SYA’s website at https://www.syongassociates.com/ and via SYA’s Facebook account to the public at large. 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 when she in fact, does not possess a valid audit nor a tax licence issued by the relevant authority.
Tan Sing Yee (41629) as the sole proprietor of SY Tan & Co (‘the Firm’) had been punished and imposed a fine of RM4000-00 and costs of RM4000-00 by the Disciplinary Committee of the Institute on 21/6/2023 for she had as at 15/7/2022 through the Firm’s Facebook page and website at www.sytan.com.my advertised for audit and tax services and job recruitment relating to audit and tax services. Such advertisements are highly likely give rise to an inference to the public at large that the Firm is in the business of offering audit and tax services when in fact she is not an audit and tax license holder issued by the relevant authorities nor is the Firm an audit firm permitted to advertise as such.
Ong Suu Kiek (44898) as the sole director of EAS Advisory Group Sdn Bhd (‘the Company’) had been punished and imposed a fine of RM3000-00 and costs of RM4000-00 by the Disciplinary Committee of the Institute on 18/7/2023 for she had, as at 15/11/2022 through the website at https://easconsults.com of EAS Consultancy and https://malaysiadata.com/company/ezrlmmj/eas-advisory-group-sdn-bhd advertised and/or misrepresented to the public the provision of public practice services that includes audit and tax services wherein the Company is not an audit firm and EAS Consultancy is not a registered legal entity as a business vehicle. Hence, such advertisement is highly likely give rise to an inference to the public to believe that the Company and/or EAS Consultancy is in the business of offering audit and tax services when in fact she is not an audit and tax license holder issued by the relevant authorities nor is the Company and EAS Consultancy an audit firm permitted to advertise as such.
