Statistics

During the FYE 30 June 2017, as indicted in Table A below, the DC dealt with a total of 21 cases out of which 20 cases were referred by the IC and 1 case came directly under the 18(2) Rule. The most number of complaints heard and disposed by the DC involves auditors for matters pertaining to Practice Review and audit issues. The scheduling of hearings of these cases has to take into account the availability of the DC members, the representatives of the IC, the member involved and if they are represented, their legal counsel. The DC nevertheless had in a timely manner disposed these cases leaving a balance of 9 cases.

Where the DC makes a decision on a case and metes out its punishment, these decisions, including the members' names are published in the Institute’s magazine ‘Accountants Today’ and in both an English and Bahasa Malaysia news daily. Such information is also given to all relevant government licensing authorities and to the association of accountants to which the member is associated and is also uploaded to the Institute’s website for transparency and to serve as a warning to potential wrongdoers.

TABLE A: CASES BEFORE THE DISCIPLINARY COMMITTEE FROM 1 JULY 2016 TO 30 JUNE 2017

Cases from previous financial years No. of cases referred to the DC during current financial year Cases heard including cases from previous financial years Pending Cases Complainant Cases involving:
No. of cases resulting in disciplinary punishment No. of cases dismissed by the Disciplinary Committee Individual/ Internal/ Council complaints Regulators Auditors
  • Directors
  • Liquidators
  • Company Secretary
  • Others
7 14* 7 5 9** 17 4 14 7

* 1 case came directly to the Disciplinary Committee under Rule 18 (2) of the MIA (Disciplinary) Rules, 2002
** Pending hearing before the Disciplinary Committee

Punishments meted out by the Disciplinary Committee analysed as follows:

PUNISHMENTS METED OUT BY THE DISCIPLINARY COMMITTEE 2016/2017
Removal (includes Costs and/or Fine) 0
Suspension (includes Costs, Fine and/or Attend Course) 1
Reprimand/Attend Course/Costs and/or Fine 4
Fine and/or Costs 2
Admonish/Censure/Reprimand Only 0