◉ HEADLINES

Audit Act 1957

Audit preparedness: 1,856 entities, GLCs must provide three key elements

Financial statements, company objectives, and governance data are essential for next year’s audit, says the Auditor-General

Amended Audit Act will usher in improved governance, positive investor confidence: industry figures

Experts believe the amendments will boost investor confidence, as well as create an improved governance framework for Malaysian citizens

◉ Popular

Cleared for layoffs? AirAsia to retrench 20% of workforce in major cost-cutting move

This allegedly involves cabin services, cargo and logistics, engineering and maintenance, as well as the commercial division, according to Scoop’s source

Over 23.6 million to benefit as new electricity tariff kicks in July 1

The Energy Commission has set a new average base tariff of 45.40 sen/kWh for RP4, slightly lower than before, bringing overall electricity costs down by up to 19% compared to the previous regulatory period

FIFA slams FAM: Forged documents, fines and 12-month suspension rattles Malaysian football

World football’s governing body has sanctioned the Football Association of Malaysia (FAM) and seven naturalised players for using falsified documents to secure eligibility in the Asian Cup qualifier against Vietnam in June