SC names Nik Hasyudeen as AOB exec chairman

PETALING JAYA: The Securities Commission (SC) yesterday named the executive chairman and six non-executive members of the Audit Oversight Board (AOB), whose appointments are effective immediately.

Established pursuant to the recently gazetted SC Amendment Act, the AOB commenced operations yesterday and has the role to oversee the auditors of public interest entities (PIEs) to protect investors’ interests and promote confidence in the quality and reliability of audited financial statements of PIEs.