(Sept 1): The U.K.’s Financial Reporting Council filed a disciplinary complaint against KPMG LLP, a former partner and current and former employees of the accounting firm over past audits of two U.K. companies.

KPMG and the charged individuals provided “false and misleading information” and documents to the FRC during its review of two KPMG audits, the regulator said in a statement. One was a 2016 audit of now defunct contractor Carillion Plc and the second a 2014 audit of Regenersis Plc, the regulator said.

KPMG didn’t immediately reply to an email seeking comment.


WTF standard?

Those who panic run will need more years of experience. This is the golden opportunity to collect cheap ticket. Keep for a years at least 50%++ profit easily.

KPMG has been fined £13m and ordered to pay more than £2.75m in costs by an independent tribunal over serious misconduct in its role in the sale of bed manufacturer Silentnight to a private equity fund.

The fine falls just short of the £15m penalty — a UK record — imposed on Deloitte last year for failings in its audits of former FTSE 100 software company Autonomy. It is the latest blow to KPMG, which was criticised by the UK accounting regulator last month for the “unacceptable” quality of its banking audits.

The disciplinary tribunal found in June that KPMG and one of its partners failed to comply with the UK accounting profession’s fundamental principles of objectivity and integrity when they advised on the sale of Silentnight to US private equity firm HIG Capital through a prepack administration in 2011.

Big boss pushing down for some VIP to enter. Something is coming....

LONDON, June 21 (Reuters) - Britain's accounting watchdog called for KPMG's UK arm to be fined more than 15 million pounds ($21 million) on Monday over a 'conflict of interest' when it advised on the sale of bed maker Silentnight.

KPMG, which is one of the world's Big Four auditors and was advising on the sale to U.S. private equity company HIG Capital in 2011, said the fine should be no more than 5 million pounds, and that it no longer has a restructuring business.

An independent tribunal was held on Monday to determine sanctions on KPMG and one of its partners following the tribunal's "adverse findings" of loss of objectivity.

Next week got big announcement on export deal with asean county.

大马卫生总监丹斯里诺希山宣布，在已召开的第359次药品控制执法组会议中，已批准了来自中国的康希诺疫苗（CanSino）和美国强生疫苗（Johnson & Johnson），这两种疫苗已获世界卫生组织批准可在紧急状况下使用。

这两种疫苗都属于一剂性疫苗，意思是人民只需要注射一剂疫苗即可。

诺希山说道，大马政府是通过全球冠病疫苗机制（COVAX）取得的强生疫苗注册，是通过世界卫生组织紧急使用清单批准的认证机制。

Kenyataan Akhbar KPK 15 Jun 2021 – Keputusan Mesyuarat Pihak Berkuasa Kawalan Dadah Kali Ke-359 Berkenaan Pendaftaran Vaksin COVID-19

Kementerian Kesihatan Kesihatan (KKM) ingin memaklumkan bahawa Mesyuarat Pihak Berkuasa Kawalan Dadah (PBKD) kali ke-359 telah bersidang pada hari ini, 15 Jun 2021.

Mesyuarat telah bersetuju memberikan kelulusan pendaftaran bersyarat untuk kegunaan semasa bencana bagi dua (2) produk vaksin yang memerlukan hanya satu (1) dos pelalian, iaitu Convidecia Recombinant Novel Coronavirus Vaccine (Adenovirus Type 5 Vector), keluaran CanSino Biologics Inc, China (pemegang pendaftaran produk: Solution Biologics Sdn. Bhd.) dan Janssen COVID-19 Vaccine keluaran Johnson & Johnson yang telah diberi kelulusan Penyenaraian Penggunaan Kecemasan (Emergency Use Listing atau EUL) oleh Pertubuhan Kesihatan Sedunia (WHO). Pendaftaran Janssen COVID-19 Vaccine yang diperolehi oleh kerajaan Malaysia melalui fasiliti COVAX ini dilaksanakan melalui mekanisme perakuan (recognition) ke atas kelulusan WHO EUL.

Selain itu, PBKD turut meluluskan penggunaan vaksin Comirnaty keluaran Pfizer-BioNTech kepada golongan yang berumur 12 tahun dan ke atas. Comirnaty, sebelum ini diluluskan pendaftaran bersyarat pada 8 Januari 2021, digunakan bagi tujuan imunisasi aktif kepada individu yang berusia 18 tahun dan ke atas. Walaupun tambahan indikasi ini telah diluluskan, KKM berpandangan keutamaan pemberian vaksin masih lagi kepada kumpulan berisiko tinggi selaras dengan dasar sedia ada yang ditetapkan di bawah Program Imunisasi COVID-19 Kebangsaan (PICK).

KKM ingin memaklumkan bahawa kelulusan pendaftaran bersyarat ini memerlukan maklumat kualiti, keselamatan dan keberkesanan produk vaksin tersebut dipantau dan dinilai berdasarkan data-data terkini dari semasa ke semasa. Ia bagi memastikan perbandingan manfaat-risiko (benefit over risk) bagi produk-produk vaksin tersebut kekal positif.

KKM akan sentiasa mempertingkatkan tahap kesihatan awam dalam memerangi wabak COVID-19 melalui perolehan bekalan vaksin yang telah dinilai daripada aspek kualiti, keselamatan dan keberkesanan oleh Bahagian Regulatori Farmasi Negara (NPRA) dan diluluskan oleh PBKD. Kerajaan juga komited untuk memastikan penduduk Malaysia mencapai imuniti kelompok (herd immunity) selaras dengan sasaran PICK.

Tan Sri Dato’ Seri Dr. Noor Hisham bin Abdullah

Ketua Pengarah Kesihatan

15 Jun 2021

https://kpkesihatan.com/2021/06/15/kenyataan-akhbar-kpk-15-jun-2021-keputusan-mesyuarat-pihak-berkuasa-kawalan-dadah-kali-ke-359-berkenaan-pendaftaran-vaksin-covid-19/

Don't miss the boat.

Karim game, newbies need to learn

Panic sell and now panic buy... oil and gas always have high receivable due to weak oil price 2 years back.

Good time to collect....thanks to panic seller.

Time to buy

For SD insider, they laughed collect happily below RM 1.
Panic gave them opportunity to collect cheap ticket

Recently, I was attracted with the company name Serba Dinamik Berhad an engineering oil and gas services provider, it made me recall to few friends who are working in the company, some was left, and some remained in the company till now. I was told by my friend, the company well taken care of their employees’ salaries, benefit, and bonuses. According to my friend, the company employees is 95% bumiputra, either management or the technical….kira anak anak tempatan lah….we should proud about it. Furthermore, this company originally from Sarawak and, Serba Dinamik able to close the gap between Sarawak and Semenanjung peoples by employing peoples from both areas.

Few days ago, I saw in the internet news online, the NST, reporting about the Serba Dinamik Audit Report produce by external auditor KPMG. The report shows that Serba Dinamik have some audit issues over the transaction worth about RM3 billion and lead to the raiding of Securities Commission investigators. If true about the report, it is very alarming to the Serba Dinamik for practising such unethical conduct in running their businesses.

I contacting my friend in Serba Dinamik and ask whats going on? He concurred about the audit report by external auditor KPMG. He said, there is an element of unusual audit process during the audit activities whereby, KPMG did not able to perform their audit activities as plan. They started in October 2020 and schedule to be completed by February/March 2021 and yet they unable to perform and completed the review process of confirmation. The Serba Dinamik management only be informed about the audit findings in early May 2021 and responded promptly. However, the KPMG decided to stop the audit and go one step further by requesting and independent review. Later someone from KPMG was reported so call the unusual findings in the audit report to Securities Commission which lead to the raiding by security commission on 18 May 2021. That is the version story from Serba Dinamik side shared by a friend of mine.

I have a few relatives worked in KPMG and start ask them, one of my relatives finally open her mouth, she able to have a look the report before it was sent to Securities Commission. She also doubtful about the audit report produce by the KPMG team, seem they are not competent to perform the job. One of the most significant items is about the supplier of Serba Dinamik registered at the same days, whats wrong with that? Other supplier incorporated their company at the same office address? So what? If the supplier registered to the same Company Secretary and using Company Secretary office address..is that wrong? Many companies in Malaysia done it. They send the report to Securities Commission without informing the Serba Dinamik Management, is an unfair audit program, the client has the right to be informed and give them a chance to address all the issues accordingly before reporting to authority. According to my relatives, the audit program was influence by the people with agenda, probably to distract the campaign against KPMG on the 1MDB case and the person reporting to Security Commission is one of Senior Manager KPMG, just a year an half with KPMG. He might be a kambing hitam…..by the way that is the version story from KPMG.

How about Minority Shareholders Watch Group (MSWG)? They are also not unhappy with the situation. The CEO of MSWG (ex KPMG), initially he supports the move by Serba Dinamik to remove the auditors to complete the program and in his statement to the press, he supports the move. However, he denied the statement and supporting the other party few days later, and inconsistence.

In my opinion, there are few doubtful things here, one, KPMG is external auditor service provider since 2013, and got fees for auditing approximately RM700,000 to RM800,000. Quite substantial amount a year, then why they trying to burn the bridge? There is a possibility of the external auditor who are conduct the audit may not competent. They violated the audit process program to suit their agenda. This Serba Dinamik audit report issues may one of the KPMG agenda to draw public attention and diverted their issues with Malaysia Government on 1mDB case. This KPMG also well known to be KPMG-------------KGB, very cunning and evil.

As a local Malaysian and Sarawakian, I am proud about Serba Dinamik and will continue support the local company.

Recently, I was attracted with the company name Serba Dinamik Berhad an engineering oil and gas services provider, it made me recall to few friends who are working in the company, some was left, and some remained in the company till now. I was told by my friend, the company well taken care of their employees’ salaries, benefit, and bonuses. According to my friend, the company employees is 95% bumiputra, either management or the technical….kira anak anak tempatan lah….we should proud about it. Furthermore, this company originally from Sarawak and, Serba Dinamik able to close the gap between Sarawak and Semenanjung peoples by employing peoples from both areas.

Few days ago, I saw in the internet news online, the NST, reporting about the Serba Dinamik Audit Report produce by external auditor KPMG. The report shows that Serba Dinamik have some audit issues over the transaction worth about RM3 billion and lead to the raiding of Securities Commission investigators. If true about the report, it is very alarming to the Serba Dinamik for practising such unethical conduct in running their businesses.

I contacting my friend in Serba Dinamik and ask whats going on? He concurred about the audit report by external auditor KPMG. He said, there is an element of unusual audit process during the audit activities whereby, KPMG did not able to perform their audit activities as plan. They started in October 2020 and schedule to be completed by February/March 2021 and yet they unable to perform and completed the review process of confirmation. The Serba Dinamik management only be informed about the audit findings in early May 2021 and responded promptly. However, the KPMG decided to stop the audit and go one step further by requesting and independent review. Later someone from KPMG was reported so call the unusual findings in the audit report to Securities Commission which lead to the raiding by security commission on 18 May 2021. That is the version story from Serba Dinamik side shared by a friend of mine.

I have a few relatives worked in KPMG and start ask them, one of my relatives finally open her mouth, she able to have a look the report before it was sent to Securities Commission. She also doubtful about the audit report produce by the KPMG team, seem they are not competent to perform the job. One of the most significant items is about the supplier of Serba Dinamik registered at the same days, whats wrong with that? Other supplier incorporated their company at the same office address? So what? If the supplier registered to the same Company Secretary and using Company Secretary office address..is that wrong? Many companies in Malaysia done it. They send the report to Securities Commission without informing the Serba Dinamik Management, is an unfair audit program, the client has the right to be informed and give them a chance to address all the issues accordingly before reporting to authority. According to my relatives, the audit program was influence by the people with agenda, probably to distract the campaign against KPMG on the 1MDB case and the person reporting to Security Commission is one of Senior Manager KPMG, just a year an half with KPMG. He might be a kambing hitam…..by the way that is the version story from KPMG.

How about Minority Shareholders Watch Group (MSWG)? They are also not unhappy with the situation. The CEO of MSWG (ex KPMG), initially he supports the move by Serba Dinamik to remove the auditors to complete the program and in his statement to the press, he supports the move. However, he denied the statement and supporting the other party few days later, and inconsistence.

In my opinion, there are few doubtful things here, one, KPMG is external auditor service provider since 2013, and got fees for auditing approximately RM700,000 to RM800,000. Quite substantial amount a year, then why they trying to burn the bridge? There is a possibility of the external auditor who are conduct the audit may not competent. They violated the audit process program to suit their agenda. This Serba Dinamik audit report issues may one of the KPMG agenda to draw public attention and diverted their issues with Malaysia Government on 1mDB case. This KPMG also well known to be KPMG-------------KGB, very cunning and evil.

As a local Malaysian and Sarawakian, I am proud about Serba Dinamik and will continue support the local company.

When people panic, is a good chance to trade. Collect only.... chaep

Big boss buy back !!

Big boy started buying back, panic seller will crying soon...

When everyone panic, you must not panic and start to collect.

Normally......to make investors crazy during weekend

Approval on paper already out.

Guys, prepare for announcement on soon.......single shoot.

Many CK ya... confusing

Lia liao....many ck....

I am insider mah, P and C bro....

Boss pushed down to 1.15 for KJ to enter...lai liao.

1.2 already......, who got gut to add stock ?

12 March 2021...... ready

Insider: KJ increase order to SOL....

Copy and paste ... this is how he got his degree... shame

Bad QR is coming......

Lai liao, don't need degree holder also know lia... even though I have PhD, but I am low profile, nothing to shout.

Mr Lim told me, not I said. Don't make mistake

Business 101 degree very big liao, he not even knows how to count his fingers... hahaha

Lai liao, degree holder mad liao....copy and paste liao....

My job is not solving your problem, you are degree holder mah...poor rich man leh....

Nick name can make money meh? Ah hai.

Next week go crazy....lai liao!
Count fingers week.

Stay tune, Mr Lim said next week got announcement....
Ini kali lah.

Degree is low class educational paper. Nothing to shout about.

Business 101, have you got your master degree?

P & C

Big boss said TP 3.00 by March 2021. You dare or not ?

The poor rich man though degree holder is clever fellow, my goodness, degree is just a minimum education paper only lah. Don't tell us you only hold degree.

And make the poor rich man count his fingers.

Gongxi Gongxi
May this Ox year make the bull run.. put degree aside.

Degree holder solve questions, not asking WHY.....and call himself rich... hahaha shame

Poor rich man also don't have degree

Haha... poor rich man...