Experience the professional accountant should not

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Unformatted text preview: onal duty or right to disclose, when not prohibited by law: (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: (a) (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.

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