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Unformatted text preview: er is required to attach any written submission or representation made, to the
reviewer’s report in its final form before submitting it to the Practice Review Committee.
The reviewer will delete any reference to the member firm’s identity in these written
submissions or representations to preserve anonymity.
34. The reviewer will subsequently send to the member firm a copy of the final report as
submitted to the Practice Review Committee, by registered post or recorded delivery.
Powers and procedures of the Practice Review Committee
35. The Practice Review Committee shall:a. determine the practice and procedures to be observed in relation to practice
reviews to the extent not set out in this Statement and supporting appendices; b. issue instructions to any reviewer on any matter relating to practice reviews or a
particular practice review; c. do or perform any other thing or act as may be incidental to or which it considers
necessary or expedient for the performance of its functions or exercise of its powers
under this Statement. 163 By-Laws (On Professional Ethics, Conduct and Practice) of the Malaysian Institute of Accountants
[Issued January 2007] APPENDICES
APPENDIX VII Review and Report
36. After completing the draft report process, the reviewer will forward a copy of the reviewer’s
report, any submissions or representations from the member firm (suitably summarised
and codified) to the Practice Review Committee for its review.
37. On receiving the report from a reviewer, the Committee, having regard to the report and
any submissions or representations attached to it, may:
a. make recommendations to the member firm concerned regarding its application or
observance of (or lack thereof) professional standards; b. i. issue an instruction to a reviewer to carry out, within such period as may be
specified in the instruction (which period shall not commence earlier than
twelve (12) months after the date on which the instruction is issued), a further
practice review as regards the member firm to which the report relates; and ii. specify in the instruction, the matters as regards which the review is to be
carried out; c. if it is of the opinion that any one or more or all of the partners in the member firm
subject to practice review may have failed to observe, maintain or apply, as the
case may be, professional standards, then subject to paragraph 37 below, the
Practice Review Committee may make a complaint regarding such partner
concerned or, in case there is more than one such person concerned, a separate
complaint in respect of each of them, to the Investigation Committee of the
Institute. 38. Where:a. there exists a potential complaint; and b. immediately prior to the commencement of the relevant practice review i. the proprietor or partner to whom the complaint relates had not previously
been a partner in any firm at any time when a practice review was carried out
as regards that firm; and ii. a practice review had not...
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This document was uploaded on 09/23/2013.
- Fall '13