Section 18
Without prejudice to any other provisions of this Act or rules or by-laws no member shall—
(a)
allow any person not being a member to practise in his name as a chartered accountant;
(b)
be a director or a shareholder in a company incorporated under the *Companies Act 1965, or any other written law,
*NOTE—The Companies Act 1965 [Act 125] has since been repealed by the Companies Act 2016
[Act 777] w.e.f. 31 January 2017—see subsection 620(1) of Act 777.
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being a company which carries on a business of auditing, nor shall he use a trade or association name under which to practise the profession;
(c)
in any way, practise as a chartered accountant or licensed accountant other than—
(i)
in his own name;
(ii)
in the name or names of his partner or partners being chartered accountants or licensed accountants; or
(iii)
in the name of a firm existing at the time of the coming into operation of this Act or formed thereafter provided that the partners in Malaysia are eligible to be registered as chartered accountants or licensed accountants;
(d)
certify accounts verified by a person other than a member of his firm or of his staff, unless the qualification of that other person and the extent of his work is disclosed;
(e)
directly or indirectly allow or agree to allow any advocate to participate in the profits of the member’s professional work or participate in the profits of the professional work of an advocate;
(f)
directly or indirectly accept or agree to accept from an auctioneer, broker, or other agent employed for the sale or letting of or otherwise in dealing with any movable or immovable property in the management, administration, or disposal of which the member or his partner or any of his partners is engaged, any part or proportion of or any commission or bonus on the charges payable to the auctioneer, broker, or agent, which is in the nature of a secret commission.
(g)
(Deleted by Act A1099).
Accountants 23