Audit Oversight Board

The Audit Oversight Board (“AOB”) is established under Part IIIA of the Securities Commission Act Malaysia 1993 (“SCMA”) which came into force on 1 April 2010 to promote and develop an effective audit oversight framework and to promote confidence in the quality and reliability of audited financial statements in Malaysia.

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.

The AOB is responsible for the registration of auditors of public interest entities or schedule funds under Part IIIA of the Securities Commission Malaysia Act 1993 (SCMA).

Part IIIA of the Securities Commission Malaysia Act 1993 establishes a framework to enable the Audit Oversight Board (AOB) to grant recognition to foreign auditors who audit the financial statements of foreign corporations listed on Bursa Malaysia.

Section 31E (1)(d) of the Securities Commission Act, 1993 (“SCA”) provides that one of the key responsibilities of the AOB is to conduct inspections and monitoring programs on auditors to assess the degree of compliance with auditing and ethical standards.

The principle of proportionality, efficiency and achieving the desired outcome continue to be essential to the strategic enforcement approach adopted by AOB.

AOB's Sanctions

Revocation and Suspension of Registration

Withdrawal and Suspension of Recognition

AOB Announcements

To get in touch with the Audit Oversight Board

GET IN TOUCH
HOTLINE: +603-6204 8000
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