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MALAYSIAN INSTITUTE OF ACCOUNTANTS
(MEMBERSHIP AND COUNCIL) RULES 2001 [P.U.(A)343/2001]

(as amended by the MALAYSIAN INSTITUTE OF ACCOUNTANTS (MEMBERSHIP AND COUNCIL) (AMENDMENT) RULES 2002 [P.U.(A)258/2002])

IN exercise of the powers conferred by section 7 of the Accountants Act 1967 [ Act 94], the Malaysian Institute of Accountants with the approval of the Minister makes the following rules:

PART I - PRELIMINARY

Citation and commencement
1.	(1)	These rules may be cited as the Malaysian Institute of Accountants (Membership and Council) Rules 2001.
	(2)	These Rules come into operation on 9 November 2001.

Interpretation
2.	In these Rules, unless the context otherwise requires -
“member in public practice” means a chartered accountant or licensed accountant who, as a sole proprietor or in a partnership, provides or is engaged in public practice services in return for a fee or reward for such services otherwise than as an employee;
	“seal” means the common or official seal of the Institute.
	“public practice services” includes—
	(a)	auditing including internal auditing;
	(b)	accounting and all forms of accounting related consultancy;
	(c)	accounting related investigations or due diligence;
	(d)	forensic accounting;
	(e)	taxation, tax advice and consultancy;
	(f)	bookkeeping;
	(g)	costing and management accounting;
	(h)	insolvency, liquidation and receiverships;
	(i)	provision of management information systems and internal controls;
	(j)	provision of secretarial services under the Companies Act 1965 [ 125]; or
	(k)	such other services as the Council may from time to time prescribe.