Ho Ruenn Li (16371) as then a partner of Messrs. CN & Associates (‘the Firm’) had been punished and imposed a suspension of 3 months effective 1/11/2021, 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 27/8/2021 after the Firm had been rated as ‘unsatisfactory’ as indicated in the Monitoring Review Report dated 26/4/2019 which detailed the weaknesses in the audit work performed.