The AOB conducts, participates and contributes its views through stakeholder engagements to promote capacity building and high quality financial reporting and practices. These engagement sessions on the local, regional and international fronts involve regulators, accounting profession, directors and AC members. In 2022, the AOB actively worked on creating awareness on the audit firm’s Annual Transparency Reports and its value to stakeholders.

The AOB’s ongoing involvement and contribution at global and regional levels through the International Forum of Independent Audit Regulators (IFIAR) and the ASEAN Audit Regulators Group (AARG) facilitated mutual sharing of valuable insights into audit regulatory best practices. Further, as a member of IFIAR’s IOSWG, the AOB has been leveraging the experience and knowledge from other jurisdictions on matters relating to investor protection an improving audit quality. 

In 2022, the AOB’s Executive Officer, Alex Ooi was invited by the Department of Accounting and Auditing Regulations, Ministry of Finance, Vietnam and the Institute of Chartered Accountants in England and Wales (ICAEW) to share Malaysia’s experience and best practices on audit oversight.