| 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). | Siew Boon Yeong & Associates (AF 0660) | Failure to comply with relevant requirements of the approved standards on auditing in Malaysia, namely the International Standards on Quality Control (ISQC 1) and International Standards on Auditing (ISA) as adopted by the Malaysian Institute of Accountants. |
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17 August 2018 |
| 2. | Breach the AOB’s registration condition imposed under Section 31O(3) of the Securities Commission Malaysia Act 1993 (SCMA). | Dato’ Siew Boon Yeong of Siew Boon Yeong & Associates
Engagement partner in the audit of public listed entities (PIEs) for the financial years ended 31 December 2016, 31 January 2017 and 31 March 2017, respectively. |
Failure to comply with certain requirements of the ISA in discharging his professional duties in the performance of audits of PIEs.
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| 3. | Breach the AOB’s registration condition imposed under Section 31O(3) of the Securities Commission Malaysia Act 1993 (SCMA). | Lim Teik Ee former partner of Siew Boon Yeong & Associates Engagement Quality Control Reviewer (EQCR) in the audit of public listed entities for the financial years ended 31 December 2016, 31 January 2017 and 31 March 2017, respectively. |
Failure to comply with certain requirements of the ISA in discharging his professional duties as EQCR. | (i) Prohibited from auditing the financial statements of a PIE and schedule fund for a period of nine (9) months. | |
| 4. | Breach the AOB’s registration condition imposed under Section 31O(3) of the SCMA. | Chuah Soo Huat (CSH), former partner of PKF.
CSH was the engagement partner in the audit of a public listed company for the financial year ended 31 December 2012. |
Failure to comply with certain requirements of the International Standards on Auditing in the performance of an audit of a public listed company. | Reprimand | 4 April 2018 |
| 5. | Breach the AOB’s registration condition imposed under Section 31O(3) of the Securities Commission Malaysia Act 1993 (SCMA). | Elwyn Tang Boon Hiap of CHI-LLTC who was the engagement partner in the audit of a public listed entity for the financial year ended 30 April 2015. | Failure to comply with certain requirements of the International Standards on Auditing in the performance of an audit of the public listed entity. | Reprimand and monetary penalty of RM225,000
On 26 January 2018, Elwyn Tang Boon Hiap appealed to the Securities Commission Malaysia (SC) on the quantum of the monetary penalty imposed by AOB. The SC rejected the appeal and affirmed the decision made by AOB. |
9 January 2018 |
| 6. | Breach the AOB’s registration condition imposed under Section 31O(3) of the Securities Commission Act Malaysia 1993 (SCMA). | Sathiea Seelean A/L Manickam of Morison Anuarul Azizan Chew
Engagement partner in the audit of a public listed entity for the financial year ended 31 December 2011. |
Failure to comply with certain requirements of the International Standards on Auditing in the performance of an audit of the public listed entity. | Reprimand
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| 7. | Breach the AOB’s registration condition imposed under Section 31O(3) of the SCMA. | Tan Poh Ling, former partner of Morison Anuarul Azizan Chew
Engagement partner in the audit of a public listed entity for the financial year ended 31 December 2012. |
Failure to comply with certain requirements of the International Standards on Auditing in the performance of an audit of the public listed entity. | Reprimand |
