Additionally, the AOB imposed a fine of RM87,500 on him.
Sathiea was a partner of Morison Anuarul Azizan Chew, an audit firm formerly registered with the AOB.
He was also the engagement partner of a public listed company (PLC) client for the financial period ended (FPE) 31 December 2016 as well as financial years ended (FYE) 31 December 2017 and 31 December 2018.
Sathiea failed to comply with the relevant International Standards on Auditing (ISA) when auditing the PLC.
Specifically, he did not obtain sufficient audit evidence to support his audit opinion on audit of group financial statements in key audit areas, namely cash and bank balances, prepayments and investments.
Sathiea had appealed to the SC against the AOB’s enforcement action. The SC dismissed the appeal and affirmed the AOB’s decision.