B 11 continues to apply to practice reviews commenced

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Unformatted text preview: urance 1 January 2007 520 Death or Incapacity of a Sole Practitioner 1 January 2007 530 Client Documents and Exercise of Lien 1 January 2007 540 Referrals 1 January 2007 550 Quality Assurance and Practice Review 1 January 2007 137 By-Laws (On Professional Ethics, Conduct and Practice) of the Malaysian Institute of Accountants [Issued January 2007] APPENDICES APPENDIX I Additional Guidance on Confidentiality for Section 140 In addition to the requirements in Section 140, professional accountants should also consider the additional guidance for the following situations: Seeking Additional Advice Where a professional accountant is in doubt as to whether he or she has a right or duty to disclose, that professional accountant may, if appropriate, initially discuss the matter within the firm or employing organisation. If that is not appropriate, or if it fails to resolve the issue, the professional accountant should seek legal advice. Evidence in Court Where a professional accountant is requested to appear before a Court of law as a witness against a current or former client or employer as the case may be, the professional accountant is only legally obliged to do so if served with a subpoena or other form of witness summons. In legal proceedings, the professional accountant should answer any questions that are put, even though this may require the disclosure of information obtained in a confidential capacity but guidance may be sought from the Court on whether there is an obligation to answer particular questions. Assistance to Authorities If a professional accountant is requested to assist the police, the Inland Revenue Board or other authority by providing information about the business affairs of a client or employer in connection with enquiries being made, the professional accountant should first enquire under what statutory authority the information is requested. Unless the professional accountant is satisfied that such statutory authority exists, no information should be given until authorisation has been obtained from the client or employer. If such statutory authority is not forthcoming and the demand for information is pressed, the professional accountant should not accede unless so advised by his or her legal advisor. The position is the same whether the enquiries relate to a civil or criminal matter. 138 By-Laws (On Professional Ethics, Conduct and Practice) of the Malaysian Institute of Accountants [Issued January 2007] APPENDICES APPENDIX II Procedures for seeking Professional Clearance for Section 210 When seeking professional clearance upon a change in professional appointment, professional accountants are required to comply with the following procedures: 1. Upon receipt of a request for information on whether it would be appropriate to accept the engagement, the existing professional accountant should: (a) (b) 2. reply in writing normally within 14 working days of receipt of such request, advising whether there are any professional reaso...
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This document was uploaded on 09/23/2013.

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