Khairul Azahar Bin Ariffin

granted a stay of execution of AOB’s sanctions on 11 February 2022. On 7 January 2022, KAA applied to the Federal Court for leave to appeal against the Court of, to the high court against the sc and aob's decisions. on 10 august 2020, the high court quashed the sanctions imposed against kaa. the sc has filed an appeal to the court of, ’s decision. on 17 august 2022, the federal court ruled in favour of the sc and dismissed kaa eave application. court of, on 25 september 2019, kaa appealed to the sc on the aob's decision. the sc dismissed the appeal and affirmed the decision made by the aob. the prohibitions to accept and audit any public interest entity or schedule fund for 12 months will take effect from 25 november 2019., stay order on the aob’s sanctions is also lapsed. following the decision of the federal court, the aob’s sanctions imposed on kaa will take effect from 17 august 2022., ruled in favour of the sc and set aside the high court's decision on 10 august 2020 to quash the sanctions imposed against kaa. following the decision of the court of, kaa filed an application for, prohibit kaa from accepting any public interest entity or schedule fund as client or preparing reports in relation to financial information of any public interest entity or schedule fund, as may be required under the securities laws or guidelines issued by the securities commission for 12 months; prohibit kaa from auditing financial statements of a public interest entity or schedule fund or preparing reports in relation to financial information of a public interest entity or schedule fund, as may be required under the securities laws or guidelines issued by the securities commission malaysia for 12 months; and imposed monetary penalty of rm88,000.00., to set aside the high court's decision. on 10 december 2021, the court of, for a stay of execution of the aob’s sanctions until the disposal of their leave application to the federal court. the court of and , kaa has made the following applications : on 31 december 2021 , kaa applied to the court of

Failure to comply with certain requirements of the International Standards on Auditing in the performance of an audit of a public interest entity.

Breach the AOB's registration condition imposed under Section 31O(3) of the Securities Commission Malaysia Act 1993 .

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