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.
Eddie Kok Kon Sang (1537) as a sole proprietor of Eddie Kok & Co. had been punished and removed from the Register and imposed a costs of RM5000-00 by the Disciplinary Committee of the Institute on 13/6/2024 for he has to date, continuously failed, delayed and/or refused to pay a total sum of RM38,620-00 as at 30/11/2018, in compliance with the Institute’s Disciplinary Committee’s decision dated 23/5/2012, and the subsequent Courts’ Orders, made against him, in upholding the Disciplinary Committee’s decision.
Tan Leong Hin (13762) as the sole proprietor of Messrs. Tan, Choong & Partners (‘Firm’) had been punished and imposed a suspension of 3 months effective 15/8/2024, fine of RM5000-00, costs of RM5000-00 and ordered to attend a course conducted by the Institute on Audit Quality Enhancement Program by the Disciplinary Committee of the Institute on 26/6/2024 where the Firm was selected for review under the Practice Review Program have persistently failed to submit a Remedial Action Plan of the Firm drawn up to the satisfaction of the Practice Review Committee for its approval, despite being given three attempts to do so between 30/8/2019 and 17/7/2020.
See Yun Choy (23125) as one of the directors of Weld Asia Tax Advisory Sdn Bhd (‘Company’) had been punished and imposed a fine of RM3000-00 and costs of RM4000-00 by the Disciplinary Committee of the Institute on 24/9/2024 for he had on or about 18/12/2023 advertised and/offered, and/or promoted, and/or represented that the Company is a provider of auditing, accounting and taxation services in its advertisement published in the Maukerja website at http://www.maukerja.my/en/company/163449-weld-asia-tax-advisory-sdn-bhd which is likely to lead the public at large to infer that he and his Company are qualified to promote/offer audit and tax services when he is not qualified to do so, as he does not possess the pre-requisite audit and tax agent license issued by the relevant authority. Furthermore, audit services can only be provided via an audit firm and not a Company. Thus, such advertisement is likely to infer inaccurately to the public at large.
Shahrizam A. Shukor (17202) in his capacity as a company secretary of 1 Step Facility Providers Sdn Bhd (‘Company’) had been punished and imposed a suspension of 3 months effective 1/11/2024, fine of RM3000-00 and costs of RM4000-00 by the Disciplinary Committee of the Institute on 24/9/2024 pursuant to a complaint lodged with Suruhanjaya Syarikat Malaysia (‘SSM’) on his appointment as the Company’s director on 18/4/2019 without obtaining his prior consent and approval, and upon investigation by SSM he has been found to have breached Bank Negara Malaysia’s (BNM) Guidelines in relation to Anti-Money Laundering, Countering Financing of Terrorism and Targeted Financial Sanctions for Designated Non-Financial Business and Professions (DNFBP) and Non-Bank Financial Institutions (NBFI) (AML,CFT and TFS for DNFBPs and NBFIs) (“DNFBP Guidelines”) in which he had failed to fulfil his responsibility as a “reporting institution” in his capacity as company secretary in respect of “Know Your Customer (KYC)” and “Customer Due Diligence (CDD)” in the transaction of the gazetted activities under DNFBP Guidelines in relation to the said appointment of directorship of the Company.
Adam Ray Teh (41417) in his capacity as the director of WeCorporate Global Consultancy Sdn Bhd and as the company secretary of OTH Properties Sdn Bhd (‘OPSB’) had been punished and imposed a fine of RM2000-00 and costs of RM4000-00 by the Disciplinary Committee of the Institute on 24/9/2024 for he had upon receiving a payment of RM1219-00 on 15/10/2020, admittedly failed to lodge or submit the Annual Return of OPSB for the year 2021 with Suruhanjaya Syarikat Malaysia (‘SSM’) which had caused OPSB be compounded by SSM.
Chuah Eng Peng (29046) as the director of Taxcount Secretarial Sdn. Bhd and My Taxcount Sdn. Bhd. (‘the Companies’) and the sole-proprietor of Messrs. Steven Chuah & Co. (‘the Firm’) (collectively ‘Taxcount Consulting Group’) had been punished and imposed a fine of RM3000-00 and costs of RM4000-00 by the Disciplinary Committee of the Institute on 24/9/2024 for he had on 9/1/2024 and 10/1/2024 advertised and/or promoted and/or represented on the website of www.taxcount.com.my, Jobstreet, Joblum, Facebook account of TaxCount and various other online job seeking platforms that TaxCount Consulting Group is in the business of providing amongst others audit and taxation which may lead the public at large to infer that he and/or the Companies and/or the Firm and/or TaxCount Consulting Group offer and/or provide audit and tax services despite the fact that he does not hold a valid audit and tax agent license from the relevant authority and the Companies and/or TaxCount Consulting Group is not an audit firm registered with the Institute.
