AAS by

AAS by https://padlet.com/azamrio/AAS_Sem2_1819 1MDB en-us 2019-01-30 04:26:57 UTC 2025-12-04 03:00:56 UTC hello@padlet.com Group member please.. azamrio https://padlet.com/azamrio/AAS_Sem2_1819/wish/330677832 Group 1
Ayunil Widad Muhamad Ali 1422342
Nurul syahida bt mohanad zamzami 1424582
Amalina binti Borhan 1423132
Nur Zakira Imana binti Mohamad Hashim 1512778
Nur Syakirah binti Mohd Disa 1516306
Maryam binti Yahaya 1522974

Group 2
Nur'ain Nabila Binti Sarwan 1519318
Nursyafiqah Nadia binti Halim Ishak 1512314
Nur Hidayatun Hatimah binti Ab Rahaman 1512112
Nur Aida Amalia binti Ramdzan 1420050
Suhana binti Abdul Rashid 1428684

Group3
AYYAT ALI 1531370
FAIZ FAHMI BIN JASMI 1426533
AHMAD SAFWAN BIN MOHAMAD SALLEH 1322325
Mohamed Gouda 1614305
Mariam Ishak Ali 1428698

]]> 2019-02-13 06:14:54 UTC https://padlet.com/azamrio/AAS_Sem2_1819/wish/330677832 Listing req. (Bursa Msia) azamrio https://padlet.com/azamrio/AAS_Sem2_1819/wish/333044005 2019-02-20 05:08:46 UTC https://padlet.com/azamrio/AAS_Sem2_1819/wish/333044005 MCCG 2017 azamrio https://padlet.com/azamrio/AAS_Sem2_1819/wish/333044143 2019-02-20 05:09:41 UTC https://padlet.com/azamrio/AAS_Sem2_1819/wish/333044143 CG-discussion point azamrio https://padlet.com/azamrio/AAS_Sem2_1819/wish/333046082 1. How many mmber sb in BOD?
who lead the BOD? what is his/her responsibilities?
2.Can CEO also be Chairmna? why? why not?
3. How long should the BOD receives the meeting material before actually attend the meeting?
4. what is SID? what is s/he supposed to do?
5. where should COE be displayed? what's inside there?
6. What is an ideal composition in BOD?
7. how long is INE independent?
8. What is nominating committee?
9.How large SH affects nomination process?
10.Remuneration - in what band/quantum?
11. can CM of BOD be CM of AC?
12.is setting up of IA wajib?
13. Must co. has website?
14.- How long before the AGM ,should the notice of meeting be given?]]> 2019-02-20 05:23:59 UTC https://padlet.com/azamrio/AAS_Sem2_1819/wish/333046082 GROUP 1 https://padlet.com/azamrio/AAS_Sem2_1819/wish/333052029 1. Min = 3 members ( to easily get the majority)
Max= 31 members
Chairman lead the BOD
Responsibilities:
- appoint, super ises, advises management board
- Involved in importance decisions
2. The CEO cannot be a chairman due to conflict of interest that may arise. (To promote accountability & facilitates division of responsibilities)
CEO duality : CEO is also the Chairman (usually happen in the family oriented company) eg: Hong Leong Bank
3. Directors should receive meeting materials which are complete and accurate within a reasonable period prior to the meeting. (At least 5 days before.
So that BOD can question CEO CFO what is happening)
4. Senior Independent Director (new term)
- provide a sounding board for the Chairman
-to serve as an intermediary for the other directors when necessary
(Probably new BOD shy)
5. COE: Code of Conduct and Ethics
Issue of whistleblowing
Under the Audit Committee jurisdiction
6. Ideal composition of BOD:
At least half of BOD= independent directors
Large Companies: more than half are independent
(Refer Pic Below)
7. Up until 9 years (after that can continue to become non-independent)
8. Nominating committee is the independent entity which help the BOD to identify candidates for the appointment of directors.
9. Large SH control big portion of voting shares of company = not less than 33%
10. In bands of RM50 000. (Yearly basis)
11. CM of BOD cannot be CM of AC. But CM of AC can be member of BOD. CM of AC must be financially literate.
12. It is not compulsary to set up an IA however, it is important to impose the effectiveness of risk management, internal control and governance process of the company.
13. It is not a must, but company is encouraged to have a website to facilitate the communication with its stakeholders.
14. 28 days before the meeting.

]]> 2019-02-20 06:12:04 UTC https://padlet.com/azamrio/AAS_Sem2_1819/wish/333052029 Group 2 flora_secret95 https://padlet.com/azamrio/AAS_Sem2_1819/wish/333052296 1. - minimum 3 members
- chairman lead the BOD
- Their responsible : +conducting the meeting +instill the good corporte governance practice +leadership and effectiveness after board appointed

2. Yes, but when the CEO is also the chairman, a conflict of interest arises, as the CEO is voting on his or her own compensation. Although a board is required by legislation to have some members who are independent of management, the chair can influence the activities of the board, which allows for abuse of the chair position.

3. -28 days due to having a sufficient time for the shareholder to consider the resolution to be discuss

4.- Senior independent director
- they should lead performance evaluation of the chair person within a framework agreed by the council of the governor and taking into account the views of the directors and governors.

5.COE = Code of conduct and ethics
-

6. at least 2 directors or 1/3 of the board of directors of a listed
issuer, whichever is the higher, are independent directors.

7.Not exceed 9 years after finished the 9years can continue to become non independent director

8.- A nomination committee is a committee that acts as part oaf an organization's corporate governance.
- A nomination committees will evaluate the board of directors of its respective firm and examine the skills and characteristics needed in board candidates.
- The nominating committee is chaired by a Independent Director or the Senior Independent Director

12. Is a must to set up IA , because they need to comply the additional governance requirement as prescribe by the Exchange

13. Not necessary but encourage. Easy to the stakeholder to access information about the company

14. An annual general meeting of a public company must be called by notice of at least 21 days]]> 2019-02-20 06:14:07 UTC https://padlet.com/azamrio/AAS_Sem2_1819/wish/333052296 Group 3 azamrio https://padlet.com/azamrio/AAS_Sem2_1819/wish/333052404 1. From 3 to maximum 31 member , the chairman is who lead the BOD , is responsible to ensure that the BOD is effective in it task of setting and implementing company direction and strategy.

2. No CEO can’t be a chairman. These positions should be held by different individuals. The purpose from that is to promote accountability and to facilitate division of res

3. 28 days prior to the meeting

4. Senior independent director.

6. At least half independent. Lrge company must have majority independent

7. 9 years

8. Nominating committee a requirement for listed company which comprises exclusively non-executive director with majority being independent. It must have auhority in selection and assessment of director.

9. Mccg pg. 25

10. In the band ofRM50,000

11. Cannot

12. Internal audit function

13. Direct access

14 . At least before 21 days of AGM

5. Code of conduct and professional ethic outlines the ethical principles that govern decisions and behavior at a company or organization.

]]> 2019-02-20 06:14:56 UTC https://padlet.com/azamrio/AAS_Sem2_1819/wish/333052404 Big data & audit azamrio https://padlet.com/azamrio/AAS_Sem2_1819/wish/334698531 2019-02-25 04:39:08 UTC https://padlet.com/azamrio/AAS_Sem2_1819/wish/334698531 Big data azamrio https://padlet.com/azamrio/AAS_Sem2_1819/wish/334708879 1. What is big data?
2. What is data analytics?
3. How is auditing impacted?]]> 2019-02-25 05:59:42 UTC https://padlet.com/azamrio/AAS_Sem2_1819/wish/334708879 azamrio https://padlet.com/azamrio/AAS_Sem2_1819/wish/334711177 2019-02-25 06:17:19 UTC https://padlet.com/azamrio/AAS_Sem2_1819/wish/334711177 azamrio https://padlet.com/azamrio/AAS_Sem2_1819/wish/335748105 2019-02-27 04:52:41 UTC https://padlet.com/azamrio/AAS_Sem2_1819/wish/335748105 CAAT azamrio https://padlet.com/azamrio/AAS_Sem2_1819/wish/335751964 Think how can you run GAS for each of the audit procedure below? Specifically,
i. What info do you need (think in term of column)
ii. How should you run the test]]> 2019-02-27 05:24:34 UTC https://padlet.com/azamrio/AAS_Sem2_1819/wish/335751964 MIA Bylaws azamrio https://padlet.com/azamrio/AAS_Sem2_1819/wish/337348842 2019-03-04 05:51:59 UTC https://padlet.com/azamrio/AAS_Sem2_1819/wish/337348842 Threat & Safeguard (Goodstar) azamrio https://padlet.com/azamrio/AAS_Sem2_1819/wish/338248631 1. What types of threat
2. What is the safeguard for the threat

a) FINANCIAL INTEREST -
102-109- Threat - Self- interest
The auditor's family member owns significant shares in the client company // Change the auditor with the one who is free from any related interest
110-112- Self-interest // dispose financial interest
113- Self interest, familiarity, intimidation// remove the member of audit team, having professional accountant
114-116 Self interest, familiarity, intimidation// remove the member of audit team, having professional accountant

b) LOANS AND GUARANTEES- (290.118-290.123)
118- Self Interest // no safeguard
119- Self Interest // Engagement or Specific Safeguard
120- no threats
121- Self Interest // no safeguard
122- Self Interest // no safeguard

c) BUSINESS RELATIONSHIP
124- Self interest or intimidation // no safeguard
125- No threat
126- Self interest // Firm-wide

d) FAMILY AND PERSONAL RELATIONSHIP
127-131 Self interest, familiarity, intimidation // remove the individuals, structuring the responsibility of the audit team so that the professional does not deal with matters the close relationship
132-Self interest, familiarity, intimidation // structuring the partner’s or employee’s responsibilities to reduce any potential influence over the audit engagement, having a professional accountant review the relevant audit work performed.

e)EMPLOYMENT WITH AN AUDIT CLIENT
134 & 135- Familiarity/ Intimidation // no safeguard
136- Familiarity/ Intimidation // Arrangement of specific safeguards
137- Any threat to independence // necessary safeguards
138- Self-interest // Remove the individual/review
Audit clients = Public Interest Entities
139-141 Familiarity/ Intimidation //Audited financial statements issued not less than TWO years & partner not in the audit team

f)TEMPORARY STAFF ASSIGNMENTS
142-Self review // Arrangement of specific safeguards

g)RECENT SERVICE WITH AN AUDIT CLIENT
143- Self-interest, self-review, familiarity //
144- // no safeguard
145- Self-interest, self-review, familiarity //

h) SERVING AS A DIRECTOR OR OFFICER OF AN AUDIT CLIENT
146- Self-review, self-interest // no safeguard
147- Close association with the entity, self-review, advocacy
148- Self-review, advocacy // no safeguard
149- No threat

i)LONG ASSOCIATION OF SENIOR PERSONNEL (INCLUDING PARTNER ROTATION) WITH AN AUDIT CLIENT
General provision
150- Familiarity and self-interest // senior personnel rotation/ review by professional accountant/ regular independent internal or external quality reviews of engagement
Audit clients = Public Interest Entities
151 & 152- Familiarity // key audit partners should not be more that FIVE years except for rare cases
153 &154- Familiarity and self-interest //
155- may remain audit partner more than 5 years, no safeguards

]]> 2019-03-06 06:15:21 UTC https://padlet.com/azamrio/AAS_Sem2_1819/wish/338248631 Threat & Safeguard (Tanore) azamrio https://padlet.com/azamrio/AAS_Sem2_1819/wish/338248844 1. What types of threat

-Compensation and eveluation:
Self-interest threat.

-Gifts and hospitality:
Self-interest and familiarity threat.

-Actual or Threatened Litigation:
Self-interest and intimidation threat.

- long association of personnel with an audit client.
Familiarity and Self-interest threats.

Fees:
Relative size; total fees from audit client represent large proportion of fees of the firm expressing the opinion.
Safeguard: reduce dependency , consulting third party and have external quality control review.

Overdue fees; self interest threat when fees due to audit client remain unpaid for long time or after the report is issued .safeguard:have additional proffesional accountant that did not take part in engagememt.

Contingent fees ;self interest created through intermidiary in term of audit engagement for non assurance services .
There is no safeguard or it is too hard

2. What is the safeguard for the threat

-Compensation and evaluation safeguards:
Through engagement-specific safeguards in the work environment: 1- Removing such members from the audit team. 2- Having a professional accountant review the work of the member of the audit team.

-Gifts and hospitality safeguards:
The threats created would be so significant that no safeguard could reduce the threats to an acceptable level.

-Actual or threatened litigation safeguards:
Engagement specific safegurds in work environment includ: 1- If the litigation involves a member of the audit team, removing that individual from the audit team; or
2- Having a professional review the work performed.

- long association of personnel with an audit client.
Safeguards: client and engagement ]]> 2019-03-06 06:17:20 UTC https://padlet.com/azamrio/AAS_Sem2_1819/wish/338248844 Threat & Safeguard (Aabar) azamrio https://padlet.com/azamrio/AAS_Sem2_1819/wish/338248926 1. What types of threat
2. What is the safeguard for the threat

290-166 - 290-219
Administrative Service
•166-
•167-
•168 -169- self-review threat, firm-wide safeguard
•170 - no threat
•171- Self-review, engagement specific guard
•172 - Self-review, no safeguard
Valuation Services
•175-178 - Self-review threat, safeguard by profession
•179 - Self-review threat, safeguard by profession
•180 - Not Allowed due to public interest entity
Taxation Services
•181-182 - Self-review & advocacy threat
•183 - No threat

Audit Clients that are Not Public Interest Entities

• 184 - Self review // professionalism

Audit Clients that are Public Interest Entities

• 185- self review // professionalism
Tax Planning & Other Tax Advisory Services

• 187 - self review // client

• 188 - self review // professionalism

• 189 - all // professionalism

• 190 - self review // professionalism

• 191- self review // professionalism
Assistance in The Resolution of Tax Disputes
•192- Advocacy // Professionalism

• 193 & 194 - Advocacy // Professionalism

Internal Audit Services
•195-200- self review // no safeguard
IT Services
•201-206- self review // wize safeguards , clients
Legal Services
•209-210- self review, advocacy // professionalism

Dispute resolution service
•211- Self review // no safeguards because audit firm could provide this service
•212- Advocacy & Self Review // Professionalism
•213- Advocacy & Self Review // No safeguard
General Provision
•214- Self Interest & Intimidation // Engagement specific safeguard
•215- Not allowed due to public interest entity
Corporate Finance Services
•216- Advocacy & Self Review // Professionalism
•217- Advocacy & Self Review // Professionalism
•218- Self Review // no safeguard
•219- Advocacy & Self Review // No safeguard

]]> 2019-03-06 06:18:07 UTC https://padlet.com/azamrio/AAS_Sem2_1819/wish/338248926 IA_Discussionpoint azamrio https://padlet.com/azamrio/AAS_Sem2_1819/wish/339809949 1. Several natures of IA responsibilities... what are they?
2. Impact of outsourcing? remember by-laws?
3. Audit charter
4. line of reporting/communication]]> 2019-03-11 05:48:29 UTC https://padlet.com/azamrio/AAS_Sem2_1819/wish/339809949 azamrio https://padlet.com/azamrio/AAS_Sem2_1819/wish/342245066 2019-03-18 05:29:24 UTC https://padlet.com/azamrio/AAS_Sem2_1819/wish/342245066 ACL azamrio https://padlet.com/azamrio/AAS_Sem2_1819/wish/342249658 Email & Ohone No.]]> 2019-03-18 06:13:58 UTC https://padlet.com/azamrio/AAS_Sem2_1819/wish/342249658 Lia. to 3rd party azamrio https://padlet.com/azamrio/AAS_Sem2_1819/wish/343178147 Read pg 680-686]]> 2019-03-20 05:53:29 UTC https://padlet.com/azamrio/AAS_Sem2_1819/wish/343178147 ACL data azamrio https://padlet.com/azamrio/AAS_Sem2_1819/wish/346011549 Download the data in the link below]]> 2019-03-28 07:49:36 UTC https://padlet.com/azamrio/AAS_Sem2_1819/wish/346011549 azamrio https://padlet.com/azamrio/AAS_Sem2_1819/wish/350209663 2019-04-10 03:33:07 UTC https://padlet.com/azamrio/AAS_Sem2_1819/wish/350209663 azamrio https://padlet.com/azamrio/AAS_Sem2_1819/wish/357054266 2019-05-06 05:49:08 UTC https://padlet.com/azamrio/AAS_Sem2_1819/wish/357054266 azamrio https://padlet.com/azamrio/AAS_Sem2_1819/wish/389819790 2019-09-26 02:18:51 UTC https://padlet.com/azamrio/AAS_Sem2_1819/wish/389819790