The Disciplinary Committee (the DC) is the other statutory arm of the Institute established under Section 19(b) of the Accountants Act 1967 (the Ac’). It is empowered under the Act to consider all complaints referred to it by the Investigation Committee (the IC) and cases coming directly to it under Rule 18(2) of the MIA (Disciplinary) Rules 2002 [P.U. (A) 299/2002] (the Disciplinary Rule).
Over the years the DC has imposed punishments against the Respondents who have been found guilty for ‘unprofessional conduct’ pursuant to Rule 2 and Rule 18(3) Disciplinary Rules for various types of misconduct. In this article we would like to share some common offences committed by members.
Once found guilty, the DC is empowered to impose an appropriate punishment(s) pursuant to Rule 18(3) of the Disciplinary Rules. Pursuant to Rule 30 of the Disciplinary Rules, and in the interest of transparency as well as to deter potential misconduct, the DC’s decisions will be published once they take effect.
In doing so, the members’ name and the DC’s decision are published on the Institute’s official website, local newspapers and the Government gazette. Relevant Government licensing authorities and the association of accountants to which the member is associated may also be notified accordingly.
Please note that the above lists are not exhaustive. Members are strongly advised to seek the advice and guidance of the respective department of the Institute to ensure members strictly comply and adhere to the Act, the Disciplinary Rules and the Institute’s By-Laws. For information on the Institute’s legislation and the decisions of the DC please click on the links below:
- https://mia.org.my/regulatory-public-interest/accountants-act-1967/
- https://mia.org.my/regulatory-public-interest/enforcement/disciplinary/
