Statistics

The FSR carried out the following activities during the financial period ended 31 March 2022.

Review of Financial Statements

To monitor compliance with statutory and other requirements, approved accounting standards and approved auditing standards in Malaysia in relation to financial reporting, the FSRC reviewed financial statements of listed companies selected on a random basis and cases of public interest.

For the financial period ended 31 March 2022, the FSRC conducted in total 11 reviews, which included 5 new reviews of financial statements of public- listed companies and closed 7 of these reviews.

A summary of the reviews conducted and the categorisation of closed reviews are provided below:

Total 1 July 2021 -
31 March 2022
Cases b/f from previous financial period 6
Cases initiated by/referred by FSRC 5
Cases closed during the period (7)
Cases in progress as at 31 March 2022 4

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Monitoring of Public Interest Cases

The FSRC actively keeps track of cases of public interest reported in the media on financial reporting irregularities and ensures prompt action is taken to address the issues.

During the financial period ended 31 March 2022, media reports and referrals from other regulators that prompted further analysis by the Institute were as follows:

Total
Cases b/f from previous financial period 3
Cases initiated 15
Cases closed during the period (13)
Cases referred/to be referred to the Investigation Committee -
Cases in progress as at 31 March 2022 5