RSL and auditors barred for a year

In a statement, the SC said the two partners involved were Lim Lip Chin and Lim Sang Chee. In addition to the prohibition, the SC’s Audit Oversight Board (AOB) has also imposed fines of RM175,000 on RSL and RM44,000 on Lim Lip Chin

KUALA LUMPUR: Audit firm, RSL PLT (RSL) and its partners have been prohibited by the Securities Commission (SC) from accepting clients and auditing public interest entities or schedule funds for a 12-month period, commencing Nov 1.

In a statement, the SC said the two partners involved were Lim Lip Chin and Lim Sang Chee. In addition to the prohibition, the SC’s Audit Oversight Board (AOB) has also imposed fines of RM175,000 on RSL and RM44,000 on Lim Lip Chin.