To correspondence and enquiries 4401 each

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Unformatted text preview: to practise in partnership with him or her as a chartered accountant/licensed accountant or to practise in his or her name as a chartered accountant/licensed accountant. 120 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 500.5 (1) A member who is not entitled to be a member in public practice is not allowed to (a) hold himself or herself out to be a member in public practice in any manner whatsoever; (b) provide public practice services as a chartered accountant, auditor, tax consultant or tax adviser or any services of a similar nature that may indicate or be likely to lead persons to infer that he or she is a member in public practice or qualified by any written law to practise the profession of or is in practice as a chartered accountant. (2) Notwithstanding paragraph 500.5(1), the aforesaid member may carry on the work of a tax consultant or a tax adviser if authorised to do so under section 153 of the Income Tax Act 1967. (3) A member who is registered with the Institute as a licensed accountant is not precluded by paragraph 500.5(1) from carrying on any practice in which he or she was professionally engaged immediately before the coming into operation of the Act. 500.6 (1) A member may subject to these by-laws, participate whether as a director and/or shareholder in a limited or unlimited company which offers taxation, tax advice and taxation consultancy services, provided that in doing so (a) (b) (2) the member and/or the company does not contravene any written law; and the company is not in any way Accountants or Licensed Accountants. described as Chartered Where members participate as directors and/or shareholders in limited or unlimited companies in the manner as stated in paragraph 500.6(1), such members are (a) deemed for the purposes of these by-laws to be members in public practice and the provisions of the rules of the Institute and these by-laws with the appropriate modifications, apply to such members; and (b) cause the companies to comply with these by-laws if such members hold the majority interest and/or voting rights whether directly or indirectly in the companies. 121 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 Establishment and Registration of Member Firm 500.7 Every professional accountant prior to commencement of public practice should apply to the Institute for approval of the proposed name of the intended firm or practice. 500.8 (1) Where an application is made pursuant to paragraph 500.7, the Membership Affairs Committee of the Council or any other Committee so delegated by the Council for this purpose must be satisfied that the proposed name of the intended practice does not duplicate the name of an existing member firm and is not a name which in the opinion of the Counci...
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This document was uploaded on 09/23/2013.

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