Categories: Complaints & Sanctions, DecisionsPublished On: 12/01/2021

Ng Ying Huey (25315) in her capacity as a partner of Messrs. Low & Co. (‘Firm’) and as appointed auditor of Fu Yat (M) Sdn Bhd and Dynivest Progress Sdn Bhd (‘Audit Clients’) had been punished and imposed a suspension of 1 year effective 1/4/2021 and costs of RM4000-00 by the Disciplinary Committee of the Institute on 12/1/2021 for committing an act of creating threat to independence when she had provided auditing services to the said Audit Clients, whilst her sister, one Ng Ying Sye was the company secretary of the said Audit Clients during the material time, from 7/8/2017 to 6/9/2018 and 18/8/2017 to 8/6/2018.