Securities Commission Act 1993 · Updated to 1 Mar 2016 · Part III · Finance
Section 31N
Feedback & supportNo person shall, unless he is registred as a registered auditor or recognised as a recognised auditor under this
Division—
hold himself out or act as an auditor of a public interest entity or schedule fund;
public interest entity
“public interest entity” means the entity specified in Part 1 of
Securities Commission Malaysia 53
Commission
“Commission” means the Securities Commission Malaysia established under section 3;
knowingly consents to be appointed and knowingly acts as auditor of a public interest entity or schedule fund; or
prepare for or on behalf of a public interest entity or schedule fund any report required by the Companies Act 1965 to be prepared by an auditor.
Any person who contravenes subsection (1) commits an offence and shall, on conviction, be liable to a fine not exceeding one million ringgit or to imprisonment for a term not exceeding five years or to both.
Application for registration or recognition as an auditor of a public interest entity or schedule fund