Wan Looi & Co PLT

Internal auditors confront fraud risks Internal auditors are facing a heightened risk of fraud at organizations as schemes change and internal controls weaken over time, according to a new report.

AI cannot audit itself, and the profession knows why When a CPA signs off on a work product that an AI system helped produce, what is the independent verification standard that certifies the system producing that work is actually reliable? There isn't one.

Auditor resignations and opinion shopping | New Straits Times In Malaysia, every now and then, we come across instances when external auditors resign due to fee disagreements. Such resignations create what is called ‘casual vacancies’. In such instances, the Board is empowered to appoint the auditors for the remainder of the term till the next annual gener...

UK accounting watchdog to probe PWC's audit of investment trust Digital 9 Britain's accounting ‌watchdog on Thursday opened a probe into PricewaterhouseCoopers' financial audit of UK-based investment ​trust Digital 9 Infrastructure for the ​fiscal year ended December 2023.

BDO axes 31 partner roles as AI pressure grows and profits fall Move comes amid downturn for professional services after hiring spree during pandemic

'Cashflow Queen' Zoe Goodchild banned from accounting body A woman at the centre of a tax rebate scandal has been excluded from another professional association.

Accounting firms lose ground on growth The average growth rate for accounting and financial services firms has fallen from an all-time high of 13% to less than 10% today, the lowest in five years.

Amended Hire Purchase Act to take effect on June 1 | New Straits Times KOTA KINABALU: The amended Hire Purchase Act will come into force on June 1, introducing reforms aimed at strengthening consumer protection and modernising the hire purchase framework in Malaysia.

UK proposes audit changes to attract Chinese listings Regulator’s move comes amid pressure from government to revive stock market

The Big Four's AI revolution has a problem: how junior staff actually learn AI is taking on routine tasks for junior employees at the Big Four, but is it damaging their skills development and future potential?

Friday Footnotes: Departing EY Partner Clowns Firm Leadership in His Farewell Email; PwC Doesn't Care About Your AI Agents | 1.30.26 In the news: ADM settled with the SEC, an accountant behaving badly takes a plea, Trump sues the IRS, and PwC disses McKinsey