Review finding and decision
Low Aik Har, public-accountant registration 00933, failed to pass a revisit practice review. PAOC made the published orders on 23 February 2024. The notice lists these orders among others and does not reproduce the individual audit deficiencies.
Audit restrictions and their exact periods
All PIE audit/reporting is restricted for 24 months, 9 March 2024–8 March 2026.
Hot review: engagements, threshold and time
Ten engagements exceeding S$10 million annual turnover require an approved hot-review partner within 12 months, 9 March 2024–8 March 2025.
Audit-principal consequences
He cannot be an audit principal from 9 March 2024 during the restriction and hot-review orders. An audit principal supervises or oversees a pupil’s qualifying audit experience. The footnote requires at least five years in public practice and absence of an audit-principal prohibition, hot-review, restriction or suspension order.
Definitions and publication version
Public interest entities take their meaning from the professional Code of Conduct and Ethics, not merely entities casually described as large businesses. The hot-review footnote refers to Practice Direction 4 of 2010. The publication is a historical case record, not a confirmation that the person’s practice-review status has subsequently changed. The source says it was updated on 5 March 2026 to align with Practice Direction 1 of 2024, updated on the same date. That publication update does not change the order periods given above.
Official source
This article independently explains the substantive contents of the official PDF, including the relevant conditions, procedures and annexes. The linked document remains the authoritative source for its original wording, and later changes should be checked separately.
Read the official PDF ↗