Audit Oversight Board reprimands two auditors


  • Business
  • Thursday, 29 Aug 2013

KUALA LUMPUR: The Audit Oversight Board (AOB) has reprimanded two auditors for failing to discharge their professional duties as set out in the International Standards on Auditing (ISA).

One of the auditors was also fined RM10,000 for breaching the ISA and the by-laws of the Malaysian Institute of Accountants (MIA) relating to auditors’ independence.

In a statement issued by the Securities Commission (SC), AOB said this was the second enforcement action taken by the audit regulator in 2013. Last week, AOB reprimanded four auditors, with one being fined RM5,000 for breaching the by-laws.

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Business , SC , AOB , ISA

   

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