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