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Corporate News 18 Dec 2015 | 6:41 AM

Japan to fine Toshiba auditor, suspend business over scandal

TOKYO: Japan's financial regulator will punish an Ernst & Young affiliate next week after its audit of Toshiba Corp failed to detect the country's worst accounting scandal in four years, a person familiar with the process said on Friday.

Business 23 Sep 2015 | 12:00 AM

Funding option for private companies, startups

PETALING JAYA: Selected private companies that are not able to offer shares to members of the public, would be able to do so under the amendments to the Capital Markets and Services (Amendment) Act 2015 (CMSA).

Business 03 Jun 2015 | 8:42 AM

Breakfast briefing: Wednesday, June 3

Breakfast briefing: Wednesday, June 3

Economy 21 Mar 2015 | 12:00 AM

Auditing the Auditor-General

Is the Public Accounts Committee equipped to assess the work of Ambrin who has been tasked with verifying the books of 1MDB from 2009?

Business 03 Jun 2014 | 12:00 AM

12 months restriction, penalty for Wong Weng

PETALING JAYA: The Securities Commission’s (SC) Audit Oversight Board (AOB) has prohibited Wong Weng Foo & Co from accepting clients for 12 months, as the firm had failed to comply with Section 31N (1) of the Securities Commission Act 1993, which requires audit firms to be registered with the AOB when acting as auditors of public interest entities (PIE).

Business 13 May 2014 | 12:00 AM

Board reminds audit firms of their duties

PETALING JAYA: Audit firms have been reminded to perform the necessary procedures to check whether the overall presentation of financial statements is in accordance with the applicable financial reporting framework.

Business 19 Feb 2014 | 12:00 AM

SC's Audit Oversight Board reprimands two auditors

PETALING JAYA: The Securities Commission’s (SC) Audit Oversight Board (AOB) has rapped two registered auditors, Lim Kok Beng of Ong Boon Bah & Co and Chan Kee Hwa of Khoo Wong & Chan, for non-compliance.

Business 18 Feb 2014 | 6:41 PM

Audit Oversight Board raps, fines two auditors for non-compliance

KUALA LUMPUR: The Securities Commission’s Audit Oversight Board has rapped two registered auditors Lim Kok Beng of Ong Boon Bah & Co and Chan Kee Hwa of Khoo Wong & Chan for non-compliance.

Business 09 Nov 2013 | 12:00 AM

Can China firms buck their bearish trend?

WHEN a stock trades below its initial public offering (IPO) price, investors may shrug it off and say the fault lies with the company or its valuations.

Business 23 Oct 2013 | 6:45 AM

Deloitte pays US$2mil for audit rule violations

WASHINGTON: Accounting giant Deloitte & Touche will pay a US$2 million penalty to settle civil charges that it allowed a suspended auditor to continue working in the firm's public company audit practice, the U.S. audit watchdog said Tuesday.