Auditor fined for Non-compliance with International Standards on Auditing
26 December 2019   |   Kuala Lumpur
The Securities Commission Malaysia’s Audit Oversight Board (AOB) has fined Huang Khean Yeong a sum of RM63,000 for failing to comply with the International Standards on Auditing when auditing a public interest entity (PIE).

Huang, a partner of Deloitte PLT, has failed to design and perform audit procedures involving multi location audit of the PIE and has performed insufficient audit procedures on, among others, group consolidation, construction contracts and goodwill.

Huang is not appealing on the case and the fine will take effect immediately.


AUDIT OVERSIGHT BOARD
SC-World Bank-IOSCO Asia Pacific Hub Conference 2019: Enhancing Financial Inclusion through Islamic Finance and FinTech
(From left to right):
  1. Abayomi A. Alawode, Head of Islamic Finance, Finance, Competitiveness and Innovation, The World Bank Group
  2. Datuk Syed Zaid Albar, Chairman of the Securities Commission Malaysia (SC)
  3. Dr. Firas Raad, Country Manager for Malaysia, East Asia and Pacific, The World Bank Group 
  4. Datuk Zainal Izlan Zainal Abidin, Deputy Chief Executive of SC
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