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Corporate News 06 Mar 2019 | 6:18 AM

SC imposes ban, fine on auditors for failing to meet audit standards

KUALA LUMPUR: The Securities Commission has imposed a 12-month ban on McMillan Woods Mea and two of its partners from accepting clients and auditing any public interest entities.

Corporate News 17 Feb 2019 | 10:38 PM

UK concludes it can mitigate risk from Huawei equipment use in 5G

LONDON: The British government has decided it can mitigate the risks arising from the use of Huawei Technologies Co Ltd in 5G networks, the Financial Times reported on Sunday, citing two sources familiar with the conclusion of Britain's National Cyber Security Centre (NCSC).

Business 05 May 2018 | 12:00 AM

Short position

MALAYSIA has a history of its government seeking to support its local technology and innovation efforts by providing venture capital (VC) money.

Business 06 Mar 2018 | 12:00 AM

SC publicly reprimands two auditors for oversight

PETALING JAYA: The Securities Commission (SC) has publicly reprimanded two auditors for failing to comply with the International Standards on Auditing when auditing the financial statements of a public interest entity.

Corporate News 26 Jan 2018 | 12:00 AM

Most users find value in enhanced auditors’ report

PETALING JAYA: The enhanced auditors’ report (EAR) has spurred constructive behavioural changes within the financial reporting ecosystem and improved engagement between investors and companies in Malaysia.

Corporate News 22 Jan 2018 | 11:00 PM

Three former staffers of audit watchdog charged with criminal and civil offences

WASHINGTON: The U.S. government on Monday announced criminal and civil charges against three former staffers of an audit watchdog, accusing them of providing confidential information to help accounting firm KPMG pass regulatory inspections.

Business 12 Aug 2017 | 12:00 AM

Companies Commission should explain its stand

WHAT will change when potentially tens of thousands of small companies in Malaysia are no longer required by law to appoint auditors? Will these companies benefit from not having to bother with annual audits of their financial statements? Will others find it riskier if they have to rely on the companies’ unaudited accounts? And how will audit firms deal with the drop in revenue?

Business 05 Jul 2017 | 12:36 AM

Breakfast briefing: Wednesday, July 5 (Update)

Breakfast briefing: Wednesday, July 5

Business 05 Jul 2017 | 12:00 AM

SC: Audit firms should strengthen quality controls

PETALING JAYA: The Securities Commission’s (SC) Audit Oversight Board (AOB) is urging audit firms to strengthen their quality controls, following work deficiencies that have become a growing concern

Corporate News 04 Jul 2017 | 8:49 AM

SC audit oversight board to root out auditors' weakness

KUALA LUMPUR: The Securities Commission's (SC) Audit Oversight Board has expressed concerns over certain weaknesses in the work of auditors on revenue recognition, inventory, group audits and related-party transactions.