A number of firms have accounts qualified

PETALING JAYA: Auditors qualified the accounts of a large number of companies due to the stricter requirements of the Audit Oversight Board (AOB).

The AOB, which was established under Part IIIA of the Securities Commission Act 1993, commenced operations on April 1 last year. It requires firms that audit the books of public listed companies to comply with international accounting best practice standards.

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