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A number of firms have accounts qualified
PETALING JAYA: Auditors qualified the accounts of a large number of companies due to the stricter requirements of the Audit Oversight Board (AOB).
SEC settles charges in RM3.2bil Indian accounting fraud
b>WASHINGTON:/bFederal securities regulators settled charges against Satyam Computer Services and sanctioned its accountants, adding to the damage from a massive accounting fraud that prompted a takeover of the company by the Indian Government and criminal charges against its former executives.
US-listed backdoor firms under probe
WASHINGTON: Securities regulators are probing Chinese and other foreign companies with questionable accounting practices that have used backdoor methods to access US capital markets, a top regulator said on Monday.
SEC settles charges in US$1bil Indian accounting fraud
WASHINGTON: Federal securities regulators settled charges against Satyam Computer Services and sanctioned its accountants, adding to the damage from a massive accounting fraud that prompted a takeover of the company by the Indian government and criminal charges against its former executives.
Reliable audit opinions don’t come cheap
Errol Oh says a lot is riding on the sturdiness of theAudit Oversight Board framework.
Big Four among audit firms with faults
KUALA LUMPUR: The Audit Oversight Board (AOB) has pinpointed 'a number of shortcomings' after inspecting the country's six largest audit firms last year. This raises the possibility of the board finding more areas of concern when it widens its inspection coverage to include smaller firms this year.
Five audit firms run afoul of board
PETALING JAYA: Five accounting firms were the first to run into trouble with the Audit Oversight Board (AOB) because they had accepted appointments last year as auditors of public interest entities (PIEs) without first registering with the board.
Najib hands out appointment letters to MACC panel members
PUTRAJAYA: Blogger Syed Akbar Ali is one of five new members of a Malaysian Anti-Corruption Commission (MACC) panel who received their letters of appointment for the next two years from Prime Minister Datuk Seri Najib Tun Razak Friday.
Crowe Horwath ops expand on merger
KUCHING: Crowe Horwath, Malaysia's fifth largest accounting firm, has increased its offices in the country by four to 12 locations with the merger of Hii Lee, together with Kenny Chong of Tong Chong Partners.
Is the auditing of firms and other sectors that bad?
IN the wake of the recent global financial and economic crisis, the role of audit was queried. Fingers were pointed at external auditors as easy scapegoats for not providing forewarning of the crisis. However, it must be remembered that audit has not failed one hundred percent.
