71.   He was also appointed to the audit committee.

72.   However, the society suggests listed companies in Hong Kong should form audit committees under a voluntary code, rather than as a mandatory requirement of the listing rules.

73.   In addition, Chin Teck has appointed Mr Gan Kim Toon, a non-executive director, as a member of the audit committee of the company.

74.   It revealed the allegations to its own audit committee for the first time the next day.

75.   It said it also discussed other issues, including the lack of segregation of duties, with the audit committee.

76.   It said the board should have ordered a special review by the audit committee, which in turn should have had tough questions for Arthur Andersen.

77.   Khor has also been appointed to the audit committee of the company.

78.   Last week, he suspended the audit committee as it was about to question Linzi.

79.   Liau Pow Hoo Leow Pow How, an independent and non-executive director, has been appointed a member of the audit committee.

80.   Later this year, a commission statement on auditing standards, public oversight and audit committees is expected.