PETALING JAYA: Mid-tier accounting firm UHY Malaysia believes it has strong grounds to appeal against the Audit Oversight Board's (AOB) reprimand on one of its partners for allegedly breaching a condition imposed when the latter registered with the board.
In a statement responding to StarBiz's report, UHY explained that the particular public interest entity (PIE), which was at the centre of the reprimand, was “merely undergoing a recapitalisation exercise, where the focus on UHY's decision to concur with its client's going concern assumption' had been an area that the AOB differed in terms of its technical view of the matter”.
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