Page 65 - AOB 2018 (ENG)

Audit
Oversight
Board
ANNUAL
REPORT
2018

DEFINITIONS

Auditor An individual auditor or audit firm who is registered or recognised under section
31O of the SCMA as a registered auditor or recognised auditor of a PIE or schedule
fund.

Big-Four Audit Firms Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers.

Major Audit Firms Audit firms with more than 10 partners and audit more than 50 PIEs clients with a
total market capitalisation of above RM25 billion.

Other Audit Firms Audit firms other than Major Audit Firms.

Public-interest entity Entity specified in Part 1 of Schedule 1 of the SCMA:

(a) a PLC or a corporation listed on the stock exchange;
(b) a bank licensed under the Financial Services Act 2013;
(c) an insurer licensed under the Financial Services Act 2013;
(d) a takaful operator licensed under the Islamic Financial Services Act 2013;
(e) an Islamic bank licensed under the Islamic Financial Services Act 2013;
(f) a person prescribed as a prescribed financial institution under section 212 of
the Financial Services Act 2013 or a person prescribed as a prescribed Islamic
financial institution under section 223 of the Islamic Financial Services Act
2013;
(g) a developmental financial institution prescribed under the Development
Financial Institutions Act 2002;
(h) a holder of the Capital Markets Services Licence for the carrying on of the
regulated activities of dealing in securities, dealing in derivatives or fund
management;
(i) an exchange holding company approved under the securities laws;
(j) an exchange approved under the securities laws;
(k) a central depository approved under the securities laws;
(l) a clearing house approved under the securities laws;
(m) a self-regulatory organisation recognised under the securities laws;
(n) a private retirement scheme administrator approved under the securities laws;
(o) a trade repository approved under the securities laws;
(p) the Capital Market Compensation Fund Corporation;
(q) any other person as the Minister may prescribe by order published in the
Gazette.

PART THREE STATISTICS AND OTHERS | 63

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