SC bans audit firm RSL from auditing for 1 year


The SC said in a statement on Monday RSL was barred from accepting as clients and auditing public interest entities (PIEs) or schedule funds for a period of 12 months, effective Nov 1.

KUALA LUMPUR: The Securities Commission’s Audit Oversight Board (AOB) has banned audit firm, RSL PLT (RSL) and its partners from auditing for one year and imposed a total fine of RM219,000.

The SC said in a statement on Monday RSL was barred from accepting as clients and auditing public interest entities (PIEs) or schedule funds for a period of 12 months, effective Nov 1.

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