Malaysia legislation
Section 7
of KAEDAH-KAEDAH PROFESION GUAMAN SYARIE (WILAYAH-WILAYAH PERSEKUTUAN) (LAPORAN AKAUNTAN) 2023
Seksyen 7
(1)
For the purposes of paragraph 28(2)(b) of the Act, Peguam Syarie shall be exempted from submitting an accountant’s report in respect of any practice year in which the Peguam Syarie—
(a)
holds his first practising certificate;
(b)
after having for twelve months or more ceased to hold a current practising certificate, holds his next practising certificate;
or
(c)
has not in the twelve months preceding his application for an Annual Practising Certificate—
(i)
practised as a sole proprietor or in partnership; or
P.U. (A) 67 28
(ii)
held or received client’s money.
(2)
The Majlis Peguam Syarie may require any Peguam Syarie to whom subrule (1) applies to produce to the Majlis Peguam Syarie such evidence, by statutory declaration or otherwise, as may be required to verify the facts mentioned in subrule (1).
Accounting periods