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 | 18 | 84 | 239 | 3.32% | 40 | 1.33% |
| Partnerships with fewer than 5 audit partners | 11 | 33 | 61 | 0.44% | - | - |
| Sub Total | 37 | 345 | 1,198 | 99.83% | 1,255 | 100% |
| Recognised foreign audit firms | 4 | 12 | 5 | 0.17% | - | - |
| TOTAL | 41 | 357 | 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 | 38 | 37 |
| Registered Individual auditors | 334 | 366 | 337 | 339 | 345 |
| Recognised foreign audit firms | 5 | 3 | 4 | 4 | 4 |
| Recognised foreign individual auditors | 17 | 9 | 12 | 13 | 12 |
| 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 |
