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A Chinese-led group has withdrawn its offer to buy a stake in German carmaker-backed mapping company HERE after it failed to win approval from a US national security oversight board.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.
KUALA LUMPUR: The Federal Court dismissed Ramesh Chelliah’s application for leave to challenge the Court of Appeal’s decision on the Audit Oversight Board’s (AOB) registration of PricewaterhouseCoopers (PwC) on April 1, 2010 under the Securities Commission Act 1993.
PETALING JAYA: The Audit Oversight Board (AOB), which has taken enforcement actions against two individual auditors and an audit firm last year, expects audit firms to adhere strictly to the laws.