Audit oversight board's enforcement cases halve to 8% in 2024 - SC


The Securities Commission building in Kuala Lumpur

KUALA LUMPUR: The Securities Commission Malaysia’s (SC) Audit Oversight Board (AOB) revealed that the number of enforcement cases from inspected engagements in 2024 had fallen significantly to eight per cent, compared with 16 per cent recorded in 2023.

In its Annual Inspection Report 2024, the AOB said the positive outcome reflects the continuous efforts of audit firms and individual auditors to enhance audit quality.

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