In a circular to auditors and audit committees, the AOB has announced that the audit regulator would only commence inspection of audit firms of PIEs after May 15,2020.Firms that are required to submit any remedial action plan to the AOB will be given an extended deadline till June 30,2020.The AOB has also extended the payment of registration fees to July 1,2020.
PETALING JAYA: The Securities Commission Audit Oversight Board (AOB) has announced measures to ease challenges faced in the auditing of financial reports of public interest entities (PIEs) during the period of Covid-19 pandemic.
In a circular to auditors and audit committees, the AOB has announced that the audit regulator would only commence inspection of audit firms of PIEs after May 15,2020.
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