Categories: Complaints & Sanctions, DecisionsPublished On: 29/11/2021

Augustine T.K. James (6360) as the sole proprietor of Messrs. James & Co (“the Firm”) had been punished and imposed a suspension of 3 months effective 1/1/2022, fine of RM5000-00, costs of RM4000-00 and ordered to attend a course conducted by the Institute on Audit Quality Enhancement Program by the Disciplinary Committee of the Institute on 29/11/2021 after the Firm had been rated as ‘unsatisfactory’ as indicated in the Monitoring Review Report dated 10/6/2019 which detailed the weaknesses in the audit work performed.