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Unformatted text preview: onal duty or right to disclose, when not prohibited by
(i) To comply with the quality assurance or practice review programme
of the Institute ; (ii) To respond to an inquiry or investigation by the Institute’s
Investigation Committee or Disciplinary Committee or any other
regulatory body; (iii) To protect the professional interests of a professional accountant in
legal proceedings; or
(iv) To comply with technical standards and ethics requirements. Please also refer to the additional guidance on confidentiality in Appendix I to
the By-Laws. 140.8 In deciding whether to disclose confidential
accountants should consider the following points: information, professional (a) Whether the interests of all parties, including third parties whose interests
may be affected, could be harmed if the client or employer consents to the
disclosure of information by the professional accountant; (b) Whether all the relevant information is known and substantiated, to the
extent it is practicable; when the situation involves unsubstantiated facts,
incomplete information or unsubstantiated conclusions, professional
judgment should be used in determining the type of disclosure to be made,
if any; and (c) The type of communication that is expected and to whom it is addressed;
in particular, professional accountants should be satisfied that the parties
to whom the communication is addressed are appropriate recipients. 23 By-Laws (On Professional Ethics, Conduct and Practice) of the Malaysian Institute of Accountants
[Issued January 2007] PART I: BY-LAWS ON PROFESSIONAL ETHICS Section 150 Professional Behaviour Professional Behaviour
150.1 The principle of professional behaviour imposes an obligation on professional
accountants to comply with the relevant laws and regulations in addition to
these By-Laws and avoid any action that may bring discredit to the profession.
This includes actions which a reasonable and informed third party, having
knowledge of all relevant information, would conclude negatively affects the
good reputation of the profession. 150.1A In reference to section 150.1, the relevant laws and regulations will include but
are not limited to the provisions in the Companies Act, 1965 (for example,
section 9, section 10 and section 182) the provisions in the Securities Industry
Act, 1983, the Banking and Financial Institutions Act, 1989 and other relevant
legislation currently in force. The specific legislation stated above are merely
examples of the relevant laws and regulations that professional accountants
must comply with and are by no means exhaustive.
Advertising, marketing and promotions
150.2 In advertising, marketing or promoting themselves and their work, professional
accountants should not bring the profession into disrepute and should ensure
that such advertisement, marketing or promotional material is:
(b) 150.3 professionally dignified and in good taste; and
carried out in accordance with the relevant legislation where applicable. Profession...
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This document was uploaded on 09/23/2013.
- Fall '13