Registration and Recognition of Audit Firms and Individual Auditors

As of 31 December 2021, there were 41 audit firms registered and recognised by the AOB, which audited 1,203 PIEs and 1,255 schedule funds. There were four foreign audit firms and 12 foreign individual auditors recognised by the AOB. Collectively, they audited five foreign incorporated companies listed on Bursa Malaysia.

Table 1 shows the profile of the audit firms and individual auditors registered and recognised with the AOB as of 31 December 2021. The number of registered individual auditors has increased from 339 in 2020 and 345 in 2021.

The number of audit firms and individual auditors registered with the AOB, and the number of PIEs audited in the last five years are shown in Table 2.

table 1 - Registered and recognised auditors as at 31 December 2021

Profile of audit firms
No. of audit firms
No. of individual auditors
No. of PIE audit client
% of total market capitalisation
No. of schedule fund audit clients
% of total net asset value
Registered audit firms
Partnerships with 10 and
more audit partners
8
228
898
96.07%
1,215
98.67%
Partnerships with 5 – 9 audit partners
18842393.32%
401.33%
Partnerships with fewer than 5 audit partners
1133610.44%
--
Sub Total
37
3451,198
99.83%
1,255
100%
Recognised foreign audit
firms

41250.17%
--
TOTAL
41357 1,203
100%
1,255
100%

table 2 - Registered and recognised auditors from 2017 to 2021

2017
2018
2019
2020
2021
Registered audit firms
49
53
43
3837
Registered Individual auditors
334
366
337
339345
Recognised foreign audit firms
53444
Recognised foreign individual auditors
179121312
No. of PIEs
1,155
1,171
1,179
1,189
1,203
No. of schedule funds
1,023
1,042
1,100
1,149
1,255
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