Malaysia legislation
Section 8
of KAEDAH-KAEDAH PROFESION GUAMAN SYARIE (WILAYAH-WILAYAH PERSEKUTUAN) (LAPORAN AKAUNTAN) 2023
Seksyen 8
(1)
The accounting period specified in an accountant’s report submitted during the practice year beginning on 1 January shall begin on 1 January of that year and terminate on 31 December of the same year.
(2)
In any practice year beginning on or after 1 January—
(a)
in the case of a Peguam Syarie who—
(i)
is required to submit his first accountant’s report; or
(ii)
having been exempted under rule 7 in respect of the preceding practising year, is required to submit an accountant’s report, the accounting period shall begin on the date upon which he first holds or receives client’s money, or after the exemption he begins to hold or receive client’s money; and
(b)
in the case of a Peguam Syarie retiring from practice who is required to submit his final accountant’s report, the accounting period shall end on the date upon which he ceased to hold or receive client’s money.
P.U. (A) 67 29
(3)
The accounting period—
(a)
in respect of a Peguam Syarie referred to in subrule (2); and
(b)
in any practice year beginning on or after 1 January, in respect of a Peguam Syarie who—
(i)
is not exempted under rule 7 in respect of the preceding practice year; and
(ii)
since the expiry of the accounting period covered by his last accountant’s report, has become, or ceased to be, a member of a firm of Peguam Syarie, may cover less than twelve months and shall in all other aspects comply with the requirements of subsection 67(3) of the Act.
Service of notice