PETALING JAYA: After operating for more than two years, the Audit Oversight Board (AOB) has finally wielded its powers of sanction. The senior partner of a mid-tier accounting firm is the first auditor to be penalised for breaching a condition imposed when he registered with the board.
Last Thursday, Alvin Tee Guan Pian of UHY Malaysia was reprimanded for “failure to comply with the relevant requirements of the recognised auditing standards in Malaysia i.e. the International Standards on Auditing”.
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