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World 02 Oct 2012 | 12:00 AM

Costa Rica fires judge for being serial oversleeper

SAN JOSE:Your honor, you're late. Again. And you're fired.

Business 22 Aug 2012 | 12:00 AM

Silver Bird case raises several audit-related issues

ERROL OHS article on a local listed company possibly being the first to sue its internal and external auditors (i>StarBizWeek, /i>Aug 11) had raised a plethora of issues on the distinction between the functions of internal and external audit. It is indeed right to say that “there is a universal lack of understanding of the internal audit profession …”

Business 07 Aug 2012 | 12:00 AM

Standard Chartered may lose New York license over Iran ties(Update)

NEW YORK: In a rare move, New York's top bank regulator threatened to strip the state banking license of Standard Chartered Plc, saying it was a rogue institution that hid US$250 billion in transactions tied to Iran, in violation of U.S. law.

Business 28 Jul 2012 | 12:00 AM

Tan Theng Hooi answers your 10 questions

Tan Theng Hooi of Deloitte Malaysia country managing partner answers ....

Business 21 Jul 2012 | 12:00 AM

A time for professional scepticism

FINALLY, the Audit Oversight Board (AOB) has imposed its first sanction. On July 12, more than two years after it had been set up, the board reprimanded Alvin Tee Guan Pian, the senior partner of accounting firm UHY Malaysia.

Business 17 Jul 2012 | 12:00 AM

UHY says it has responded positively to reprimand on one of its partners

PETALING JAYA: Mid-tier accounting firm UHY Malaysia believes it has strong grounds to appeal against the Audit Oversight Board’s (AOB) reprimand on one of its partners for allegedly breaching a condition imposed when the latter registered with the board.

Business 16 Jul 2012 | 12:00 AM

Auditor penalised for failure to meet standards

PETALING JAYA: After operating for more than two years, the Audit Oversight Board (AOB) has finally wielded its powers of sanction. The senior partner of a mid-tier accounting firm is the first auditor to be penalised for breaching a condition imposed when he registered with the board.

Business 13 Jul 2012 | 12:00 AM

Probe into PFGBest’s use of small auditor

WASHINGTON: US futures industry investigators are looking into why Iowa-based collapsed brokerage PFGBest used a tiny accounting firm that appears to be operating from inside a suburban Chicago home to audit its books, according to a person familiar with the matter.

Community 03 Jul 2012 | 12:00 AM

Celebrating community growth

THE Federation of Public Listed Companies Berhad (FPLC) recently held their 25th anniversary celebration at an exclusive charity gala dinner at the Sunway Resort Hotel and Spa.

Business 15 May 2012 | 12:00 AM

Many companies could be audited by more than one audit firm

PETALING JAYA: Group audit is becoming an important topic given that many companies are operating in more than one jurisdiction and could be audited by more than one audit firm, according to a roundtable discussion on issues relating to the implementation of the International Standards of Auditing No 600 (ISA 600).