<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 25): The Securities Commission Malaysia's (SC) Audit Oversight Board (AOB) has reprimanded and fined Tang Boon Hiap of CHI-LLTC RM225,000 for failure to comply with the International Standards on Auditing when auditing a public-listed company.</p></div>

<div class=newsTextDataWrapInner><p>In a statement today, the SC said compliance with auditing standards when auditing the financial statements of a public-interest entity is a condition of registration for AOB registrants.</p></div>

<div class=newsTextDataWrapInner><p>It said the AOB's action reflects the seriousness of its findings against Tang who failed to design and perform certain audit procedures in auditing the financial statements on inventories, other receivables, fixed deposits and goodwill.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"Tang's appeal to the SC against the quantum of the monetary penalty imposed was rejected, and the decision of the AOB was affirmed," it said.</p></div>

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KUALA LUMPUR (April 25): The Securities Commission Malaysia's (SC) Audit Oversight Board (AOB) has reprimanded and fined Tang Boon Hiap of CHI-LLTC RM225,000 for failure to comply with the International Standards on Auditing when auditing a public-listed company.

In a statement today, t...

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<p>Digital Nasional Bhd (DNB), the operator of Malaysia’s 5G telecommunications assets, said the process in relation to the subscription of its shares by five mobile network operators (MNOs) in this country is ongoing.</p>


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<p>The World Bank on Friday said that 11 countries have pledged to contribute over US$11 billion (RM52.62 billion) to new hybrid capital and portfolio guarantee instruments designed to expand the bank's financing capacity by US$70 billion over a decade to tackle climate change, pandemics and other global challenges.</p>


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