Audit Oversight Board Annual Report 2021
Fostering high quality independent auditing to promote confidence in the quality and reliability of audited financial statements of public-interest entities and schedule funds in Malaysia.
introduction
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RM905.5
billion
RM519.5
billion
RM4.8
billion
RM39.3
billion
Monitoring and Supervision of PIE and Schedule Fund Auditors
Stakeholder Engagement and Capacity-Building Initiatives
Statements
The Board of the AOB comprises a Non-Executive Chairman, an Executive Officer, and 5 other Non-Executive Members who are appointed by the SC. The Non-Executive Members are representatives from the regulators, namely Bank Negara Malaysia (BNM) and Companies Commission of Malaysia (SSM), the legal profession, auditing profession and the private sector. The Executive Officer is responsible for the day-to-day administration of the AOB.
The Non-Executive Chairman of the AOB is appointed for a term of 3 years and the Non-Executive Members of the Board are appointed for a term of 2 years. Both the Non-Executive Chairman and Non-Executive Members are eligible for reappointment upon the completion of their term.