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Business 04 May 2011 | 12:00 AM

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).

Technology 06 Apr 2011 | 12:00 AM

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.

Business 06 Apr 2011 | 12:00 AM

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.

Business 06 Apr 2011 | 12:00 AM

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.

Business 02 Apr 2011 | 12:00 AM

Reliable audit opinions don’t come cheap

Errol Oh says a lot is riding on the sturdiness of theAudit Oversight Board framework.

Business 01 Apr 2011 | 12:00 AM

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.

Business 28 Feb 2011 | 12:00 AM

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.

Nation 25 Feb 2011 | 12:00 AM

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.

Business 29 Dec 2010 | 12:00 AM

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.

Business 01 Nov 2010 | 12:00 AM

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.