Jyakumaran Muniandy (13821) being a partner of Messrs. Ahamad Naina Mydin & Associates (‘the Firm’) had been punished and imposed a suspension of 3 months 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 21/6/2023 after the Firm had been rated as ‘Type 4 Unsatisfactory’ as indicated in the Practice Review Report dated 8/2/2021 which detailed the weaknesses in the audit work performed.
Aina Syafiqah Ismail (50729) :-
- as one of the directors of Marissa Consultant Sdn Bhd had been punished and imposed a fine of RM3000-00 and costs of RM4000-00 by the Disciplinary Committee of the Institute on 26/10/2023 for she had on or about 2/3/2023 held herself out as a member in public practice by offering and/or representing that she provides accounting, taxation, company secretarial, audit services, without a valid Practicing Certificate issued by the Institute.
- as one of the directors of Marissa Consultant Sdn Bhd had been punished and imposed a fine of RM2000-00 by the Disciplinary Committee of the Institute on 26/10/2023 for she had on or about 2/3/2023 promoted/offered at the Company’s website, Facebook page and Instagram the provision of audit and taxation services, which is likely to lead the public at large to infer that she and her Company are qualified to promote/offer audit and tax services when she is not allowed to do so, as she does not possess the audit and tax agent license issued by the relevant authority.
Sai Sing Loong (34082) in his capacity as the partner of Sai Lawrence & Dominic PLT (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 26/10/2023 for he had, as at 7/9/2022 advertised a job recruitment of an audit associate on Jobstreet when he does not possess an audit licence issued by the relevant authority nor the Company is an audit firm. He had also on 3/1/2023 advertised and/or published and/or promoted the provision of statutory audit services on the group website of the Company at www.myssai.com.
Khairul Aznida Kamarudin (39070) as the sole proprietor of Messrs Khairul Kamarudin & Co, Jitudata Services (JS) and Jitudata Management Services Sdn Bhd (JMS) (‘Entities’) had been punished and imposed a fine of RM3000-00 and costs of RM4000-00 by the Disciplinary Committee of the Institute on 26/10/2023 for she had on or about 15/2/2023 promoted/represented at the Facebook page of JMS at www.facebook.com/akaundancukai and Blogspot page of http://khidmatperakaunan.blogspot.com the provision of audit and tax services, which is likely to lead the public at large to infer that she and her Entities are qualified to promote/offer audit and tax services when she is not qualified to do so, as she does not possess the audit and tax license issued by the relevant authority and the Entities are not an audit firm to promote as such.
Luqmannulhakim Mohd Halim (38856) in his capacity as the company secretary of Juara Pasifik Sdn Bhd had been punished and imposed a fine of RM2500-00 and costs of RM4000-00 by the Disciplinary Committee of the Institute on 26/10/2023 for he had failed to update the Complainant on the status of his resignation letter with the Company though having duly acknowledged receipt of the resignation letter and thereafter had failed to take the necessary action to lodge and update Suruhanjaya Syarikat Malaysia on the said resignation.
Dato’ Yap Pian Seen (6621) in his capacity as the director of Asitax Sdn Bhd had been reprimanded and imposed costs of RM4000-00 by the Disciplinary Committee of the Institute on 7/11/2023 for he had on 2/3/2023 published and/or advertised misrepresented information that Asitax Sdn Bhd and ASI Group of Companies (‘the Companies’) provides and/or offers amongst others audit service where in fact neither Companies is an audit firm registered with the Institute. In the same Jobstreet website and my.joblum.com, he had advertised for a job vacancy for an audit executive post. The said advertisement and the misrepresented information is likely to lead the public at large to infer that the Companies are authorised to provide audit related services where in fact it is not qualified to do so.
Au Yeong Yuen Cheong (1540) as the sole proprietor of Au Yeong & 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 7/11/2023 for failing and/or refusing to submit relevant documents relating to his alleged resignation of his audit engagements with his clients to the Practice Review Department (PRD) despite being requested by the PRD, and thus resulting in the interruption of the practice review exercise by PRD and/or for the Practice Review Committee to consider an exemption of a practice review over his firm.
Adam Selamat Musa (12121) in his capacity as the statutory auditor of London Biscuits Berhad (‘LBB’) had been punished and imposed a suspension of 1 year effective 15/12/2023, fine of RM5000-00 and costs of RM5000-00 by the Disciplinary Committee of the Institute on 29/11/2023 for he had failed to discharge his duty with due care and diligence when he expressed an unqualified audit opinion on the financial statements of LBB for the FYE 30/9/2017 which contained material misstatements that he failed to detect due to the deficiencies in his audit of the cash and bank, trade receivables and property, plant and equipment balances as stated in the financial statements of LBB.
Lim Fang Hau (28424) being the sole proprietor of Messrs. Fanghau Lim & Co (‘the Firm’) had been punished and imposed a suspension of 1 year effective 2/1/2024, fine of RM3000-00, 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 29/11/2023 after the Firm had been rated as ‘Type 4 Unsatisfactory’ as indicated in the Practice Review Report dated 30/6/2021 which detailed the weaknesses in the audit work performed.
Lim Fang Hau (28424) being a former partner of Messrs. Terence Oh & Associates (‘the Firm’), had been punished and imposed a suspension of 1 year effective 2/1/2024, fine of RM3000-00, 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 29/11/2023 after the Firm had been rated as ‘Type 4 Unsatisfactory’ as indicated in the Practice Review Report dated 30/6/2021 which detailed the weaknesses in the audit work performed.
Khor Chun Wai (36234) the sole proprietor of Messrs. Khor & Associates (‘the Firm’) had been punished and imposed a suspension of 1 year effective 1/3/2024, 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 29/11/2023 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.
Oh Seong Lye (941) being a former partner of Messrs. Terence Oh & Associates (‘the Firm’) had been punished and imposed a suspension of 1 year effective 29/12/2023, 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 29/11/2023 after the Firm had been rated as ‘Type 4 Unsatisfactory’ as indicated in the Practice Review Report dated 30/6/2021 which detailed the weaknesses in the audit work performed.
