KUALA LUMPUR: The Securities Commission’s Audit Oversight Board (AOB), has withdrawn the recognition of Singapore-based audit firm RT LLP and Su Chun Keat, who is a partner in the firm.
The SC said in a statement today that RT LLP and Su Chun Keat had breached AOB’s conditions of recognition as they failed to comply with a notice issued by the 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,” the SC added.