Policing Auditors
March 2008
Malaysia is expected to table the draft bill for the establishment of the Public Company Accounting Oversight Board (PCAOB) in Parliament by March 2008. The establishment of the PCAOB is aimed at improving governance and investors' confidence by regulating auditors following the unravelling of several corporate scandals. With this move, Malaysia is following in the footsteps of jurisdictions like the US, the UK, Australia, Canada and Singapore, which have all established auditing oversight authorities to regulate the profession.
Malaysia is expected to table the draft bill for the establishment of the Public Company Accounting Oversight Board (PCAOB) in Parliament by March 2008. The establishment of the PCAOB is aimed at improving governance and investors' confidence by regulating auditors following the unravelling of several corporate scandals. With this move, Malaysia is following in the footsteps of jurisdictions like the US, the UK, Australia, Canada and Singapore, which have all established auditing oversight authorities to regulate the profession.
posted by Toyers at
7:35 PM
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