Page 33 - AOB 2018 (ENG)

Audit
Oversight
Board
ANNUAL
REPORT
2018

• Conduct inspections and monitoring Table 1
programmes on registered auditors to assess Attendance at Board meetings
the degree of compliance of auditing and Number of
ethical standards; Board member
meetings attended
• Conduct inquiries and impose appropriate Dato’ Gumuri Hussain 8/8
sanctions against registered auditors who fail (Non-Executive Chairman)
to comply with auditing and ethical standards; Alex Ooi Thiam Poh
(Executive Officer) 8/8
• Co-operate with relevant authorities in Dato’ Zahrah Abd Wahab
formulating and implementing strategies to Fenner 3/8
enhance standards of financial disclosures of
PIEs or schedule funds; Eugene Wong Weng Soon 7/8

• Liaise and co-operate with oversight bodies Wong Chong Wah 8/8
outside Malaysia to enhance the standing Dato’ Darawati Hussain 8/8
of the auditing profession in Malaysia and
internationally; Marzunisham Omar* 5/6

• Carry out inspection on a person who Hew Ee-Lu** 2/2
prepares a report in relation to financial * Retired 25 September 2018
information of PIEs or schedule funds, in ** Appointed 5 October 2018
relation to capital market activities, as may be
required to be prepared under the securities
laws or guidelines issued by the SC; and
Committee of the AOB
• Perform such other duties or functions as
necessary or appropriate to promote high The Registration Committee was established to
professional standards of registered auditors deliberate on matters regarding the registration
and to improve the quality of audit services or recognition of auditors with the AOB. Where
provided by registered auditors. applicable, the Registration Committee will
make recommendations to the Board for further
deliberation and decision.
Board Meetings

The following are members of the Registration
There were eight Board meetings held during the Committee:
year. The quorum required is three members present.

1. Dato’ Gumuri Hussain
The attendance record of the Board members is set 2. Dato’ Zahrah Abd Wahab Fenner
out in Table 1. 3. Eugene Wong Weng Soon

The Chairman of the AOB chairs meetings of the
Committee and in his absence, a member of the
Board who sits on the Committee can be tasked to
take on this responsibility.

PART TWO STATEMENTS | 31

T_2018 AOB AR PART 2.indd 31 10/04/2019 5:11 PM