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
Tsui Pui Lam(36240)being a partner of Messrs. KHLC PLT (‘the Firm’) had been punished and imposed a suspension of 9 months effective 1/2/2024, 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 19/1/2024 after the Firm had been rated as ‘Type 4 Unsatisfactory’ as indicated in the Practice Review Report dated 3/11/2021 which detailed the weaknesses in the audit work performed.
Chong Kwang Fock (33882) being a partner of Messrs. KHLC PLT (‘the Firm’) had been punished and imposed a suspension of 9 months effective 1/5/2024, 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 19/1/2024 after the Firm had been rated as ‘Type 4 Unsatisfactory’ as indicated in the Practice Review Report dated 3/11/2021 which detailed the weaknesses in the audit work performed.
Kow Hoay Lee (29781) being a partner of Messrs. KHLC PLT (‘the Firm’) had been punished and imposed a suspension of 9 months effective 1/8/2024, 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 19/1/2024 after the Firm had been rated as ‘Type 4 Unsatisfactory’ as indicated in the Practice Review Report dated 3/11/2021 which detailed the weaknesses in the audit work performed.
Lau Jia Tze (39755) being a former partner of Messrs. KHLC PLT (‘the Firm’) had been punished and imposed a suspension of 9 months effective 1/11/2024, 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 19/1/2024 after the Firm had been rated as ‘Type 4 Unsatisfactory’ as indicated in the Practice Review Report dated 3/11/2021 which detailed the weaknesses in the audit work performed.
Chan Siau Shan (30099) :-
- in her capacity as the directors of ANC Hub Tax Advisory (North) Sdn Bhd (‘the Company’) had been punished and imposed a fine of RM2000-00 and costs of RM5000-00 by the Disciplinary Committee of the Institute on 22/1/2024 for she had from 27/2/2019 until 2/9/2020 practised and/or held herself out as a member in public practice via the Company’s website at http://ancgroup.biz and Facebook page known as @ANCGroupConsultants to the public despite not holding a valid practising certificate issued by the Institute.
- in her capacity as the directors of ANC Hub Tax Advisory (North) Sdn Bhd (‘the Company’) had been punished and imposed a fine of RM2000-00 by the Disciplinary Committee of the Institute on 22/1/2024 for she had on 11/2/2020 and 3/4/2020 represented, advertised and promoted amongst others audit services in the Company’s website at http://ancgroup.biz and Facebook page known as @ANCGroupConsultants which may lead the public at large to infer that she provides and/or offers audit services through the Company when in actual fact she does not possess a valid audit licence issued by the Ministry of Finance and therefore is not authorised to advertise and/or promote and/or offer as such.
Ang Choon Teng (47208) :-
- as the director of Constantin Serval & Associes (Malaysia) 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 22/1/2024 for she had on or about 13/2/2023 and 14/2/2023 held herself out as a member in public practice by advertising, promoting, misrepresenting and/or indicating on JobStreet.com on the Company’s vacancy listing and on the advertisement made on the Company’s website known as www.constantin.com respectively, that she and/or the Company provides and/or offer amongst others audit and taxation services which may lead the public at large to infer that she and the Company provides and/or offer those services when she is not allowed to do so as she does not possess a valid practising certificate issued by the Institute.
- as the director of Constantin Serval & Associes (Malaysia) Sdn. Bhd (‘the Company’) had been punished and imposed a fine of RM3000-00 by the Disciplinary Committee of the Institute on 22/1/2024 for she had on or about 13/2/2023 and 14/2/2023 advertised, promoted and/or misrepresented that she and/or the Company provide and/or offer amongst others audit and taxation services on JobStreet.com on the Company’s vacancy listing and on the Company’s website known as www.constantin.com respectively. Such advertisements may lead the public at large to infer that she and/or the Company provides and/or offer audit and taxation services when she is not allowed to do so as she does not possess a valid audit nor a tax agent license issued by the relevant authority.
Adam Selamat Musa (12121) being a former partner of Messrs. Adam & Co (‘the Firm’) had been punished and imposed a suspension of 2 years effective 1/3/2024, fine of RM5000-00 and costs of RM5000-00 by the Disciplinary Committee of the Institute on 8/2/2024 after the Firm had been rated as ‘Type 4 Unsatisfactory’ as indicated in the Practice Review Report dated 6/5/2022 which detailed the weaknesses in the audit work performed.
