Categories: Complaints & Sanctions, DecisionsPublished On: 19/05/2022

Phuah Lai Hock (6834) a partner of Messrs. Phuah & Loo had been punished and imposed a suspension of 6 months effective 1/10/2022, 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 19/5/2022 after the Firm had been rated as ‘unsatisfactory’ as indicated in the Monitoring Review Report dated 20/12/2019 which detailed the weaknesses in the audit work performed.