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Deloitte pays US$2mil for audit rule violations
WASHINGTON: Accounting giant Deloitte & Touche will pay a US$2 million penalty to settle civil charges that it allowed a suspended auditor to continue working in the firm's public company audit practice, the U.S. audit watchdog said Tuesday.
Instacom to seek shareholder approval regarding appointment of new auditor
KUCHING: Instacom Group Bhd is seeking shareholder approval for the appointment of a new auditor at an extraordinary general meeting (EGM) on Nov 1.
Keep the explanations coming
SO NOW we know why two large shareholders and board members of Karyon Industries Bhd have requisitioned for an extraordinary general meeting (EGM) to boot out the company’s auditors.
MIA supports AOB’s move to reprimand auditors
From Johan Idris, President, Malaysian Institute of Accountants & Partner KPMG.
Name those PIEs
In this month’s rash of reprimands of auditors, it’s unhelpful that the listed companies involved aren’t identified.
Audit Oversight Board reprimands two auditors
KUALA LUMPUR: The Audit Oversight Board (AOB) has reprimanded two auditors for failing to discharge their professional duties as set out in the International Standards on Auditing (ISA).
Rampant police corruption harms Liberia's progress - report
WASHINGTON, Aug 22 (Thomson Reuters Foundation) - Rampant police corruption is impeding Liberia's development a decade after its 14-year civil war ended, and abuses should be reined in as the United Nations scales back its presence in the West African country, Human Rights Watch said.
Audit Oversight Board takes four auditors to task
KUALA LUMPUR: The Audit Oversight Board (AOB) has reprimanded four auditors for failing to discharge their professional duties as set out in the International Standards on Auditing.
Families of Newtown shooting victims to each receive $281,000 in donated funds
MILFORD, Connecticut (Reuters) - Families of 20 children and six adults killed in the mass shooting at a Connecticut elementary school each will receive $281,000 (184,860 pounds) from the $11.4 million in donations, an oversight board said on Wednesday.
Malaysia's Audit framework lauded by European Commission
KUALA LUMPUR: Malaysia’s audit framework has been acknowledged by the European Commission as being on par with international and best practices, with its rules pertaining to public oversight, quality assurance, investigation and penalty systems for auditors and audit, equivalent to theirs.
