ASIA REGULATORY ROUND UP – MALAYSIA AUDIT BOARD REVOKES REGISTRATION FOR FIRST TIME
December 1st, 2015
MALAYSIA’S Audit Oversight Board (AOB) has revoked the registration of an audit firm for the first time since the regulator was established by the Securities Commission Malaysia in 2010.
It has scrapped the registration of Wong Weng Foo & Co, managing partner, Wong Weng Foo and partner Abdul Halim Husin, from December 2. They were found breaching auditing standards regarding assessments of two public listed entities. The company failed to carry out its practice honestly, competently and with due care and did not ensure an auditor was appropriately ...
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