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
Phuan Phui Seck (20000) as a sole proprietor of Supreme Advisory (‘Business’) 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 he had on or about 13/6/2022 advertised and/or promoted and/or represented that the Business is a provider of auditing, accounting, taxation and corporate secretarial services in its recruitment advertisement published on www.jobstreet.com which is likely to lead the public at large to infer that he provides and/or offer audit, accounting, tax and corporate secretarial services when in fact he does not possess a valid audit and tax license nor does he possess a valid Practicing Certificate issued by the relevant authority and the Institute respectively.
Tan Chun Guan (20228) as a company secretary of Wizio Sdn Bhd (‘Company’) had been reprimanded and imposed a costs of RM4000-00 by the Disciplinary Committee of the Institute on 22/8/2023 for he had failed to submit the annual return of the Company for the year 2021 to the Companies Commission of Malaysia.
Dato’ Lim Kim Hai (15689) as a sole proprietor of KH Lim & Associates and one of the directors of KH Lim Corporate Resources Sdn Bhd, KH Lim Corporate Consultancy Sdn Bhd and KH Lim Corporate & Tax Advisory Sdn Bhd had been punished and imposed a fine of RM4000-00 and costs of RM4000-00 by the Disciplinary Committee of the Institute on 22/8/2023 for he had on or about 4/11/2022 promoted/represented at the website of www.khlim.com.my that KH Lim Group of Companies is a provider of auditing services and a publication at Facebook page of KH Lim Group of Companies for a candidate recruitment who can be responsible amongst others to perform audit fieldwork and preparation of audit paperwork which is likely to lead the public at large to infer that he and his KH Lim Group of Companies are qualified to provide audit services when he is not allowed to do so, as he does not possess the pre-requisite audit license issued by the relevant authority, and neither entities in the Group of Companies is a Firm registered as an audit firm with the Institute.
Mohd Syafik Mohd Taufik (47739) as a sole proprietor of a non-audit firm, MS & Co (‘Firm’) had been punished and imposed a fine of RM3000-00 and costs of RM4000-00 by the Disciplinary Committee of the Institute on 22/8/2023 for he had on or about 4/10/2022 promoted/offered at the Firm’s website at www.msco.com.my and Facebook page the provision of taxation services, which is likely to lead the public at large to infer that he and his Firm are qualified to promote/offer tax services when he is not allowed/qualified to do so, as he does not possess the pre-requisite tax license issued by the relevant authority.
Chai Sze Siew (6827) being the sole proprietor of Messrs. S S Chai & Co. had been punished and imposed a suspension of 1 year effective 1/12/2023, 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 23/8/2023 after the Firm had been rated as ‘Type 4 Unsatisfactory’ as indicated in the Practice Review Report dated 2/6/2021 which detailed the weaknesses in the audit work performed.
Sai Sing Yih (39066) as a sole proprietor of SY Sai & Co. (‘SY Sai’) and one of the partners of Sai Lawrence & Dominic PLT (‘SLD’) had been punished and imposed a fine of RM3000-00 and costs of RM4000-00 by the Disciplinary Committee of the Institute on 23/8/2023 for he had on or about 3/1/2022 promoted/offered at SLD’s LinkedIn account, website of www.myssai.com the provision of audit services and on or about 7/9/2022 published a recruitment advertisement on Jobstreet through SLD, which is likely to lead the public at large to infer that he and his Firm, namely SY Sai and SLD are qualified to promote/offer audit services when he is not allowed/qualified to do so, as he does not possess the pre-requisite audit license issued by the relevant authority.
