KUALA LUMPUR: Malaysia’s audit framework has been acknowledged by the European Commission as being on par with international and best practices, with its rules pertaining to public oversight, quality assurance, investigation and penalty systems for auditors and audit, equivalent to theirs.
“With such recognition, Malaysian audit firms can provide audit services to companies from the European Union (EU) without additional regulation,” Audit Oversight Board (AOB) executive chairman Nik Hasyudeen Yusof said in a statement yesterday.
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