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Banking 29 Jun 2017 | 3:27 AM

SEC may take action against bankers from Barclays and Morgan Stanley

The U.S. Securities and Exchange Commission may take action against bankers from Barclays Plc and Morgan Stanley for their roles in Puerto Rico bond sales, according to filings with the Financial Industry Regulatory Authority (FINRA)

Corporate News 30 Mar 2017 | 8:45 AM

This Chinese stock soared 4,500% on Nasdaq and no one knows why

NEW YORK: Investors who put money into U.S. index funds usually aren’t looking for surprises. Those who bought into the Russell 2000 recently got one anyway: a little-known Chinese stock that went crazy for no apparent reason.

Business 22 Feb 2017 | 10:14 AM

Asean audit regulators, audit firms to boost audit quality

KUALA LUMPUR: Four Asean audit regulators have agreed with the four largest audit firms in the region on a measurable goal to improve audit quality.

Business 31 Dec 2016 | 12:00 AM

A surprise move to register CFOs

MALAYSIAN Institute of Accountants (MIA) president Datuk Mohammad Faiz Azmi revealed something surprising when interviewed by Bernama recently.

Property 19 Nov 2016 | 12:00 AM

SC announces new appointments

PETALING JAYA: The Securities Commission Malaysia (SC) has appointed former board member Datuk Gumuri Hussain its Audit Oversight Board executive chairman effective yesterday.

Business 18 Nov 2016 | 12:57 PM

SC appoints Gumuri as AOB executive chairman

KUALA LUMPUR: The Securities Commission (SC) has appointed Datuk Gumuri Hussain as executive chairman of Audit Oversight Board (AOB) effective Friday.

Business 30 Jul 2016 | 12:00 AM

A rare change of heart

BEING the fickle creatures that we are, we change our minds all the time. But when an audit opinion is withdrawn, that’s highly unusual. This is why there was much surprise when 1Malaysia Development Bhd and Deloitte Malaysia separately told the public on Tuesday that 1MDB’s audited accounts for 2013 and 2014 should no longer be relied upon.

Business 21 May 2016 | 12:00 AM

Sizing up the changes in auditors

IN the Audit Oversight Board’s scheme of things, an audit firm is either one of a few large players or it belongs with the rest.

Corporate News 10 May 2016 | 10:58 AM

Audit firms must ensure better quality quality control systems

KUALA LUMPUR: Audit firms need to do more to ensure that their quality control systems are more effective, says the Audit Oversight Board (AOB).

Corporate News 27 Jan 2016 | 1:56 PM

Court of Appeal strikes out Crowe Horwarth’s suit against SC

KUALA LUMPUR: The Court of Appeal has allowed the Securities Commission’s (SC) application to strike out the suit filed by Crowe Horwath and two of its partners, Onn Kien Hoe and Lee Kok Wai.