On 13 June 2024, the Audit Oversight Board issued the following revised handbooks:

(a) Audit Oversight Board (AOB) Handbook for Registration; and
(b) AOB Handbook for Recognition of Foreign Auditors,

(collectively the AOB Handbooks).

The key amendments made to the AOB Handbooks are, among others, to—

(a) enhance the criteria and conditions of registration and recognition by requiring—

     (i) the registration or recognition of audit firm and individual auditor are not contrary to public interest;

     (ii) audit firm to immediately notify the AOB if it is aware that its registered/recognised individual auditor is no longer fulfilling the registration/recognition criteria;

(b) ensure the requirements are aligned with the International Standards on Quality Management; and

(c) ensure consistency and provide better clarity to the requirements.

The revised AOB Handbooks were effective on 13 June 2024.

The revised AOB Handbooks and the summary of amendments are available on the SC website via the links below:

AOB Handbook for Registration - https://www.sc.com.my/aob/registration-of-audit-firm-and-individual-auditors
AOB Handbook for Recognition of Foreign Auditors - https://www.sc.com.my/aob/recognition-of-audit-firms-and-individual-auditors