2015 Sanctions - AOB's Sanctions | Securities Commission Malaysia

2015 Sanctions

No.	Nature of Misconduct	Parties Involved	Brief Description of Misconduct	Action Taken	Date of Action
1.	Breach the AOB’s registration condition imposed under Section 31O(3) of the Securities Commission Malaysia Act 1993 (SCMA).	Lee Kok Wai Partner of Crowe Horwath who was the engagement partner in the audit of a public interest entity (PIE) for the financial year ended 31 October 2010.	Failure to comply with certain requirements of the International Standards on Auditing (Pre Clarified ISA) in discharging his professional duties in the performance of an audit of the PIE.	(i) Reprimand; and (ii) Penalty of RM50,000 On 16 January 2015, Lee Kok Wai appealed to the Commission against the above decision made by the AOB On 29 February 2016, the Commission decided to reject the appeal.	16 January 2015

No.

Nature of Misconduct

Parties Involved

Brief Description of Misconduct

Action Taken

Date of Action

Breach the AOB’s registration condition imposed under Section 31O(3) of the Securities Commission Malaysia Act 1993 (SCMA).

Lee Kok Wai
Partner of Crowe Horwath who was the engagement partner in the audit of a public interest entity (PIE) for the financial year ended 31 October 2010.

Failure to comply with certain requirements of the International Standards on Auditing (Pre Clarified ISA) in discharging his professional duties in the performance of an audit of the PIE.

(i) Reprimand; and
(ii) Penalty of RM50,000

On 16 January 2015, Lee Kok Wai appealed to the Commission against the above decision made by the AOB

On 29 February 2016, the Commission decided to reject the appeal.

16 January 2015

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