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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

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).

Corporate News 07 Mar 2019 | 12:00 AM

SC imposes ban on firm, partners for auditing breach

KUALA LUMPUR: The Securities Commission Malaysia’s (SC) audit oversight board (AOB) has banned McMillan Woods Mea (AF 001995) and two of its partners, Mea Fatt Leong and Wong Joo Hua, from accepting clients and auditing any public interest entities or schedule funds for 12 months, effective Feb 14, 2019.

TECH 27 Sep 2017 | 5:44 AM

Chinese drop investment in maps firm HERE after US resistance

A Chinese-led group has withdrawn its offer to buy a stake in German carmaker-backed mapping company HERE after it failed to win approval from a US national security oversight board.

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).

Business 03 Dec 2015 | 12:00 AM

AOB revokes registration of audit firm and its partners

PETALING JAYA: The Audit Oversight Board (AOB) has revoked the registration of audit firm Wong Weng Foo & Co, along with its managing partner and partner, Wong Weng Foo and Abdul Halim Husin respectively, effective since yesterday.

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 03 Jul 2010 | 12:00 AM

High quality and reliable auditing vital

KUALA LUMPUR: Qualitative auditing is critical in determining market confidence, according to Audit Oversight Board executive chairman Nik Mohd Hasyudeen Yusoff.

Business 04 Aug 2010 | 12:00 AM

Concerns over AOB mandate

KUALA LUMPUR: A forum organised by professional accountants have raised some concerns over confidentiality, costs and outcome of reviews held by the Audit Oversight Board (AOB), a body formed by the Securities Commission in April.

Business 22 Sep 2010 | 12:00 AM

AOB accepted into International Forum of Independent Audit Regulators

KUALA LUMPUR: The Audit Oversight Board (AOB) has been admitted as a member of the International Forum of Independent Audit Regulators (IFIAR), making Malaysia only the second country from Asean to be admitted. The membership was obtained on Sept 13.