Ng Kee Siang

Prohibition from accepting any PIE or schedule fund as clients or preparing reports in relation to financial information of any PIE or schedule fund, as may be required under the securities laws or guidelines issued by the SC for 12 months pursuant to Section 31Z(2)(f) of the SCMA; and Prohibition from auditing financial statements of a PIE or schedule fund or preparing reports in relation to financial information of a PIE or schedule fund, as may be required under the securities laws or guidelines issued by the SC for 12 months pursuant to Section 31Z(2)(g) of the SCMA. The prohibitions are effective concurrently from 30 April 2025.

Failure to comply with relevant requirements of the International Standards on Auditing (ISA) in the engagement review of a public interest entity (PIE) NKS has failed to perform sufficient appropriate audit procedures to support the conclusion reached in key areas, including existence of fixed deposits, the existence and completeness of other payables and accruals, and the relevant assertions concerning revenue and cost of sales.

Breach of Section 31Z(1)(b) of the Securities Commission Malaysia Act 1993 (SCMA) for failure to comply with AOB’s conditions of registration imposed by the AOB pursuant to Section 31O(3) of the SCMA.

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