“There is an even greater imperative for audit professionals to be cautious and highly sceptical when scrutinising disclosures and information relating to the effects of the Covid-19 pandemic, particularly with regard to public interest entities, ” said AOB chairman Datuk Gumuri Hussain (pic).
KUALA LUMPUR: The Securities Commission (SC)’s audit oversight board (AOB) has issued its Annual Inspection Report for 2019, and urged auditors to heighten vigilance and increase responsiveness to emerging issues, particularly during the Covid-19 pandemic.
The AOB stressed that auditors and audit committees need to pay particular attention to certain areas of focus, especially when discharging their responsibilities in response to the pandemic, in order to consistently uphold audit quality.
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