Of accountants issued january 2007 part i by laws on

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Unformatted text preview: the Institute, employers or clients, regulators and other stakeholders, as well as with each other. 3. A breach of these By-Laws will prima facie give rise to a complaint of unprofessional conduct against the member concerned. As such, members who fail to observe proper standards of professional conduct as set out in these bylaws may be required to answer a complaint before the Investigation and the Disciplinary Committees of the Institute pursuant to the Malaysian Institute of Accountants (Disciplinary) Rules 2002 [P.U.(A) 229/2002]. 4. The By-Laws on Professional Conduct and Practice consists of two parts. Part A sets out the professional conduct obligations of all professional accountants as members of the Institute. Part B sets out the professional conduct or practice obligations of members in public practice or member firms, as may be the case. NOTE: Part II of the By-Laws incorporates some of the Institute’s existing By-Laws (On Professional Ethics and Conduct) that have not been subsumed in Part I. 110 By-Laws (On Professional Ethics, Conduct and Practice) of the Malaysian Institute of Accountants [Issued January 2007] PART II: BY-LAWS ON PROFESSIONAL CONDUCT AND PRACTICE PART A ALL PROFESSIONAL ACCOUNTANTS Section 400 Induction Course upon Admission Section 410 Continuing Professional Education Section 420 Description and Designatory Letters Section 430 Public Practice Programme Section 440 Attention to Correspondence and Enquiries 111 By-Laws (On Professional Ethics, Conduct and Practice) of the Malaysian Institute of Accountants [Issued January 2007] PART II: BY-LAWS ON PROFESSIONAL CONDUCT AND PRACTICE Section 400 Induction Course upon Admission Induction Course 400.1 (1) All professional accountants once admitted as members of the Institute, are required to attend an Induction Course organised by the Institute, within six (6) months of admission. 400.2 The Council may in its absolute discretion, grant a postponement from the requirement of this section for the following reasons:(a) prolonged illness or disability; or (b) overseas for an indefinite period of time; or (c) any other reason as may be found reasonable by the Council. 400.3 An application made pursuant to paragraph 400.2 should be in writing and supported by a certificate from a licensed physician or hospital in the case of subparagraph (a), or supported by any other relevant documents in respect of subparagraphs (b) and (c), wherever appropriate. Such application should be made as soon as practicable and in any event, before the expiry of six (6) months from the date of admission. 400.4 The decision of the Council on an application made pursuant to paragraph 400.2 is final. 400.5 In exercising its discretion pursuant to paragraph 400.2, the Council may require the professional accountant to submit a letter of undertaking stating that the professional accountant will attend the Induction Course upon recovery from the illness or upon returning to the country or upon the lapse...
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This document was uploaded on 09/23/2013.

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