The Malaysia Securities Commission dismissed Ahmad Aljafree bin Hj Mohd Razalli’s appeal against the Securities Commission Malaysia Audit Oversight Board’s monetary penalty and affirmed a MYR 50,000 fine, alongside a one-year prohibition on accepting as clients and auditing any public interest entities or schedule funds starting 30 April 2025. Aljafree, a partner of Al Jafree Salihin Kuzaimi PLT (an audit firm registered with the Audit Oversight Board), served as engagement partner for a public listed company client for the financial years ended 30 June 2020 and 30 June 2021. The findings related to failures to comply with relevant International Standards on Auditing covering prior year adjustments, property, plant and equipment, opening balances and consolidation, and he did not appeal the prohibitions.
Malaysia Securities Commission 2025-08-18
Malaysia Securities Commission dismisses appeal and upholds Audit Oversight Board MYR 50,000 fine and one-year ban on auditor Ahmad Aljafree
The Malaysia Securities Commission upheld a MYR 50,000 fine and a one-year prohibition against Ahmad Aljafree bin Hj Mohd Razalli, a partner at Al Jafree Salihin Kuzaimi PLT, for audit failures. The penalties relate to non-compliance with International Standards on Auditing for a public listed company for the financial years ending 30 June 2020 and 2021. Aljafree did not contest the prohibitions.