Ahmad Hilmy Bin Johari

On 2 April 2021, Hilmy appealed to the SC against the sanctions imposed by the AOB. The SC dismissed the appeal and affirmed the AOB’s sanctions against Hilmy. NoteAOB had also revoke the registration of Hilmy with the AOB for failure to comply with Malaysian Institute of Accountants (“MIA”) By-Laws on Professional Ethics, Conduct and Practice (“MIA By-Laws”). and penalty of rm50,000.

Failure to comply with relevant requirements of the International Standards on Auditing (“ISA”) in the performance of an audit of a public interest entity Hilmy failed to perform sufficient audit procedures and obtained sufficient audit evidence to support the conclusions reached in the area of fixed deposits, share capital and other reserves, provision for defect liabilities, revenue and cost of sales and group consolidation. In most instances, the audit evidences in the audit file are either incomplete or inadequate to support the audit work performed, the basis of judgement applied and the conclusions reached.

Breach of Section 31Z(1)(b) of the 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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