Audit Oversight Board (AOB) has revokes registration of auditors for the first time!
The revocation is under section 31Q(1)(a)(B) of the SCMA 1993 for failure to remain fit and proper to audit public interest entities.
Wong Weng Foo & Co (Wong Weng Foo and Abdul Halim Husin were found to have failed to comply with auditing standards in the engagement performance of two public listed entities.
The auditors also failed to ensure that the person who audits the financial statement of a public listed entity on behalf of the audit firm is appropriately qualified, sufficiently trained and competent.
大马证监会(SC)首次援引1993年证监会法令，撤消一家会计楼的审计注册!
SC今天在一项文告中指出，被撤消审计注册的会计楼是WONG WENG FOO & CO。
该会计楼的主要合伙人WONG WENG FOO及另一位合伙人Abdul Halim Husin 的审计注册也同样被撤消。
WONG WENG FOO & CO在去年6月也曾被SC罚款1万令吉，及在12个月内不能招收新的审计生意。
在我国的1993年证监会法令下，所有欲审计上市公司账目的会计楼，皆须向SC注册。 SC文告补充说，WONG WENG FOO会计楼在审计2家上市公司的账目时，没有遵守审计准则，此外，该会计楼也没有诚实地执行审计任务。
SC说，这是该会首次援引法令撤消一家会计楼的审计注册。
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