MIA- method of scope
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Members must practice under their own name or the name of their firm and are prohibited from using trade names or fictitious names. This avoids duplication and confusion for the public. Members are also prohibited from expressing opinions on financial statements examined by persons outside their own firm. The law requires that members use the designatory letters 'C.A(M)' or 'L.A(M)' to describe themselves as accountants in Malaysia.
MIA- method of scope
- 2. Prohibit a member using trade name / fictitious name to practice the profession Method of Practice
- 3. Own name Partners (being auditor / licensed accountant Name of firm existing (in operation) Or formed thereafter (partners in M’sia are eligible to be registered as auditor / licensed auditor)
- 4. Avoid duplication and cause confusion of names of the public practice Affects goodwill of established company The objectives
- 5. Prohibit members from expressing opinion on FS examined by person other than the member of his firm. By Law S 500.3(2)
- 6. Description and designatory letter ‘C.A(M)’ or ‘L.A(M)’ • As an accountant in M’sia every member shall use the designatory letter in describing themselves S.420 / By-law 6