Recovery from the illness or upon the lapse of the

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Unformatted text preview: d reason. Any professional accountant aggrieved with such a decision, may appeal to the Council whose decision on the same is final. 117 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 440 Attention to Correspondence and Enquiries Attention to Correspondence and Enquiries 440.1 Each professional accountant must reply to professional correspondence and enquiries expeditiously. 118 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 B MEMBERS IN PUBLIC PRACTICE Section 500 Method of Practice Section 510 Professional Indemnity Insurance Section 520 Death or Incapacity of a Sole Practitioner Section 530 Client Documents and Exercise of Lien Section 540 Referrals Section 550 Quality Assurance and Practice Review 119 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 500 Method of Practice Method of Practice 500.1 A member in public practice should not use a trade or association name or any other impersonal or fictitious names under which to practise the profession. The term "trade or association name" means a business name that is not a personal name or a composite of personal names. 500.2 A member in public practice is not allowed to practise as a chartered accountant or licensed accountant other than (a) (b) in the name of a firm existing at the time of the coming into operation of the Act or formed thereafter provided that the partners in Malaysia are eligible to be registered as chartered accountants or licensed accountants. (1) A member in public practice should not allow the name of the firm to be used by any organisation to conduct business that is incompatible to public practice or which would bring the profession to disrepute. (2) A member in public practice should not report or express an opinion on financial statements examined for the purposes of such report or opinion by a person other than a staff or member of his or her firm, unless such other person is also a member in public practice, except for entities which are incorporated or operating outside Malaysia. (3) 500.4 in the name or names of his or her partner or partners, being chartered accountants or licensed accountants; or (c) 500.3 in his or her own name, or A member in public practice should not assist by any means and in any manner whatsoever any person who practises or holds himself or herself out as a chartered accountant, auditor, tax consultant, tax adviser or any other like description in contravention of the Act or any other law for the time being in force in Malaysia. Subject to paragraph 500.6, a member in public practice should not allow any person who is not a member of the Institute...
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This document was uploaded on 09/23/2013.

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