Securities Commission Act 1993 · Updated to 1 Mar 2016 · Part III · Finance
Section 31O
Feedback & supportFor the purposes of this Act, an application for—
registration as a registered auditor; or
recognition as a recognised auditor, shall be made to the Audit Oversight Board.
Audit Oversight Board
“Audit Oversight Board” means the Audit Oversight Board established under section 31C;
The application under subsection (1)—
shall be made in the form as may be determined by the
Audit Oversight Board; and
shall be accompanied with—
the fees as may be prescribed by the
Commission; and
such information or documents as may be required by the Audit Oversight Board.
54 Laws of Malaysia ACT 498
The Audit Oversight Board may upon the—
registration of an applicant as a registered auditor; or
grant of recognition of an applicant as a recognized auditor, impose such conditions as the Board deems necessary or expedient and from time to time amend any such conditions or impose new or additional conditions.
The Audit Oversight Board shall serve a written notice to the auditor concerned of the amendment of any conditions imposed under subsection (3), and such conditions as amended or such new or additional conditions shall take effect at the time the notice is served or at such time as specified in the notice, whichever is the later.
Subject to section 31P, the Audit Oversight Board may—
approve or refuse the registration of an applicant as a registered auditor; or
approve or refuse the grant of recognition of an applicant as a recognized auditor.