Page 23 - AOB 2018 (ENG)

Audit
Oversight
Board
ANNUAL
REPORT
2018

30 January 2018 16-19 april 2018

Monitoring Group Roundtable on the IFIAR Annual Plenary Meeting
Governance of Audit-Related Standard
Setting Boards During the IFIAR 2018 Plenary Meeting hosted
by the Canadian Public Accountability Board in
The AOB shared its regulatory experiences and Ottawa, Canada, the AOB co-hosted a session
views on the Monitoring Group’s consultation paper, and shared insights into the experiences, trends
Strengthening the Governance and Oversight on and best practices observed from the first-year
the International Audit-Related Standard Setting implementation experience of EARs in Malaysia.
Boards in the Public Interest, at a global roundtable
discussion hosted by the Singapore’s Accounting and
Corporate Regulatory Authority (ACRA).
19 JULY 2018

AOB Dialogue with the Professional
20-22 february 2018 Accountancy Bodies

12 IFIAR Inspection Workshop The AOB organised a dialogue with professional
th
accountancy bodies in Malaysia such as MIA, the
The AOB facilitated a session and jointly Malaysian Institute of Certified Public Accountants
shared insights into the experiences, trends (MICPA), Certified Practising Accountant (CPA)
and best practices observed from the first-year Australia, ACCA and the Institute of Chartered
implementation experience of EARs in Malaysia and Accountants in England and Wales (ICAEW).
Singapore at the 12 IFIAR Inspection Workshop
th
hosted by the Sri Lanka Accounting and Auditing The dialogue provided an avenue for discourse on
Standards Monitoring Board. The session also the key observations and concerns from the AOB’s
included experience sharing from the UK and inspections among the professional accountancy
Switzerland audit regulators. The annual workshop bodies who were then able to discuss and agree
was attended by over 110 participants representing on the best way forward towards improving audit
40 audit regulators worldwide. quality in Malaysia. Their views were incorporated
into the New Criteria for Registration with the AOB.

The professional accountancy bodies were also
urged to consider and convey the AOB’s concerns
11 APRIL 2018 when organising capacity building activities and
opportunities for their respective members. The AOB
The AOB’s Engagement with MIA continues to welcome invitations to speak and share
its regulatory experiences and expectations at events
The AOB highlighted common findings and trends organised for relevant stakeholders.
during its inspection of audit firms and individual
auditors with MIA.

PART ONE FOSTERING HIGH QUALITY INDEPENDENT AUDITING IN THE CAPITAL MARKET | 21

T_2018 AOB AR PART 1.indd 21 10/04/2019 5:03 PM