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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 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.
A Chinese-led group has withdrawn its offer to buy a stake in German carmaker-backed mapping company HERE after it failed to win approval from a US national security oversight board.
KUALA LUMPUR: Audit firms need to do more to ensure that their quality control systems are more effective, says the Audit Oversight Board (AOB).
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.
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).
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.