31B. Functions of Commission relating to audit oversight

The functions of the Commission for the purposes of Part IIIA shall be as follows:

to promote and develop an effective and robust audit oversight framework in Malaysia;

to promote confidence in the quality and reliability of audited financial statements in Malaysia;

to regulate auditors of public interest entities or schedule funds; and

to exercise oversight over any person who prepares a report in relation to financial information of public interest entities or schedule funds, in relation to capital market activities, as may be required to be prepared under the securities laws or guidelines issued by the