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Securities Commission Malaysia: Recognitions Of Foreign Audit Firm And Its Partner Withdrawn By Audit Oversight Board

Date 29/11/2018

The Securities Commission Malaysia’s (SC) Audit Oversight Board (AOB), has withdrawn the recognition of Singapore-based audit firm RT LLP and Su Chun Keat, who is a partner in the firm.

 RT LLP and Su Chun Keat breached AOB’s conditions of recognition as they failed to comply with a Notice issued by SC which required them to submit the audit working papers of a client, a public-listed company and its subsidiaries within a prescribed time.

The AOB’s action was taken under Section 31Q of the Securities Commission Malaysia Act 1993 (SCMA).