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A Democratic senator prevented legislation from being quickly considered that would expand the FBI's power to use secretive surveillance orders to obtain some Internet records, arguing it would lead to a "dramatic erosion" of US privacy rights.
KUALA LUMPUR: Audit firms need to do more to ensure that their quality control systems are more effective, says the Audit Oversight Board (AOB).
American spy chiefs have told congressmen that a plan to allow the National Security Agency to share more raw eavesdropping reports with other agencies will not be unlawful and will protect the privacy rights of US citizens.
KUALA LUMPUR: The Court of Appeal has allowed the Securities Commission’s (SC) application to strike out the suit filed by Crowe Horwath and two of its partners, Onn Kien Hoe and Lee Kok Wai.
WHO says minority shareholders are a helpless lot? How can that be true when a person with a minuscule number of shares in a listed company became the only one to nominate the new external auditors for the company? And he didn’t even have to explain why he did so.
TOKYO: Japan's financial regulator will punish an Ernst & Young affiliate next week after its audit of Toshiba Corp failed to detect the country's worst accounting scandal in four years, a person familiar with the process said on Friday.
PETALING JAYA: The Audit Oversight Board (AOB) has revoked the registration of audit firm Wong Weng Foo & Co, along with its managing partner and partner, Wong Weng Foo and Abdul Halim Husin respectively, effective since yesterday.