Sunday 30 June 2019

AOB Annual Report 2018

The Audit Oversight Board issued its latest annual report last week.

Amongst the highlights are:

  • The AOB was recognised by the Asian Corporate Governance Association as one of the most effective audit regulator and probably the best communicator.
  • Introduced new criteria for registration with the AOB where the minimum number of partner has been increased to 3 and attached to a single firm only
  • AOB considered the usage of data analytics in audit of public interest entities
  • 14 enforcement actions were taken in 2018 focusing on the outcomes of these measures
  • Various engagement with local and international stakeholders in enhancing audit quality
The AOB 2018 annual report can be downloaded here:

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