Review finding and decision
Yap Boon Phye, public-accountant registration 01274, failed to pass a revisit practice review. PAOC made the published orders on 21 May 2021. 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, 5 June 2021–4 June 2023.
Hot review: engagements, threshold and time
Ten engagements exceeding S$10 million annual turnover require an approved hot-review partner within nine months commencing on 5 June 2021.
Audit-principal consequences
He cannot be an audit principal from 5 June 2021 until the restriction period ends, and until hot-review completion if later. 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 ↗