Yeoh Nam Kooi (1022) the sole proprietor of Messrs. Teoh Phaik Lean & Co. (“the Firm”) had been punished and imposed a suspension of 3 months effective 1/7/2021, 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 30/3/2021 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.