Datuk Mohd Afrizan Bin Husain
Regulator warningMalaysia. Named in 1 sanctions listing.
Summary
Datuk Mohd Afrizan Bin Husain (“MAH”) of AFTAAS was the engagement partner for the audit of a public interest entity for the financial year ended 30 June 2018 and the engagement quality control reviewer for the audit of a public interest entity for the financial year ended 31 December 2017.
Sanctions and listings1
- Effective
- 28 Aug 2019
Official designation
Suruhanjaya Sekuriti MalaysiaMalaysia Securities Commission AOB EnforcementsMalaysia
in relation to the 2nd JR. On 17 August 2022, the Federal Court ruled in favour of the SC and dismissed MAH leave application. 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 mah. the sc has filed an appeal to the court of, , mah has made the following applications : on 31 december 2021 , mah applied to the court of, stay order on the aob’s sanctions is also lapsed. following the decision of the federal court, the aob’s sanctions imposed on mah will take effect from 17 august 2022., to set aside the high court's decision.on 10 december 2021, the court of, ruled in favour of the sc and set aside the high court's decision on 10 august 2020 to quash the sanctions imposed against aftaas. following the decision of the court of, concerning the effective date of the sanctions imposed by the aob (“2nd jr”) and an interim stay of among others, the sanctions imposed. the leave application and the interim stay were granted by the high court on 27 january 2022. the 2nd jr by mah has been struck out by the high court on 29 june 2022. on 28 july 2022, mah has filed an appeal to the court of, ’s decision. on 20 january 2022, mah made an ex-parte application to the high court for leave to file, mah filed an application for, against the high court’s decision. on 14 november 2022, mah has filed a notice of discontinuance to withdraw the appeal to the court of, on 25 september 2019, mah 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., prohibit mah 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 mah 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 3. imposed monetary penalty of rm88,000.00., 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 granted a stay of execution of aob’s sanctions on 11 february 2022. on 7 january 2022, mah applied to the federal court for leave to appeal against 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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