Audit Oversight Boards Core Function

The Audit Oversight Board (AOB) was established under Part IIIA of the Securities Commission Malaysia Act 1993 (SCMA) to regulate auditors of PIEs and schedule funds for and on behalf of the SC. The AOB also exercises oversight over any person who prepares a report relating to financial information of PIEs and schedule funds in relation to capital market activities.

REGISTRATION
The AOB is responsible for the registration of auditors of PIEs and schedule funds. It also recognises foreign auditors who audit the financial statements of foreign corporation listed on Bursa Malaysia.

INSPECTION
The AOB conducts inspection and monitoring programmes on auditors to assess the auditors’ degree of compliance with auditing and ethical standards applicable in Malaysia.

ENFORCEMENT
The AOB initiates enforcement proceedings and imposes appropriate sanctions for non-compliance with auditing / ethical standards, regulation and securities laws.

about the SC

The Securities Commission Malaysia (SC) was established on 1 March 1993 under the Securities Commission Act 1993 (SCA). We are a self-funded statutory body entrusted with the responsibility to regulate and develop the Malaysian capital market.

General Line: +603-6204 8000
General Email: [email protected]