Purchases vs Profit


Purchases overstated.... Actual profit higher?


Serbadk is the victim??




2. To assess the validity and veracity of the purchases from six identified local suppliers.

sales transactions vs materials on sites

If sales were fake... materials on sites?

If sales overstated... materials on sites?

If sales understated... materials on sites?

Materials on siteS

11 customers

Not at one site......




1. (a) To assess the validity and veracity of the transactions and balances with respect to the 11 identified customers on sales transactions, trade receivables and materials on sites;
(b) To quantify the possible financial impact, if any.

stock kingdom is tis u?

Stil fighting?


Which part of... have formally appointed... which u don't understand?


KUALA LUMPUR (July 2): Serba Dinamik Holdings Bhd has formally appointed Ernst & Young





shortinvestor77 One side offer is siok sendiri.

02/07/2021 10:22 PM

shortinvestor77 SD wanted to appoint E&Y, E&Y cannot accept the offer as KPMG refused to cooperate.

02/07/2021 10:22 PM

PRAGMATIC... black cat white cat good cats

But China has done it even better by having the best of both worlds

PRAGMATIC

No... the one thing that plagued China b4 Xi was corruption

Corruption brought down China till Xi came into d picture

A Xi presides democratic China would be a success too

Tis may sounds arrogant

But honestly

But d Chinese wil do well even if under total democracy

But d Chinese wil do well even if under total communism

Jz let em get organized

CCP has mixed d two n has d best of both worlds

Congratulations on ur 100th BD

TOLD U SO

EY wil b appointed

NIKON

Grossly oversold; More upside if staging a successful breakout above RM0.77 (50D SMA) levels


Strategic investments to drive future growth; Pending a double bottom formation

DNEX’s recent transformative deals in Silterra (right timing due to acute global shortage of semiconductor chips), PING Petroleum (strong cash inflow and riding on the high crude oil prices vs USD20/barrel of avg production cost), and strategic collaboration with TelkomInfra (Google & Facebook’s investment in Indonesia can create a big market for submarine cable business) are poised to drive the group’s future earnings to greater heights. Technically, a strong breakout above RM0.77 will confirm a bullish double bottom formation to spur prices towards RM0.82-0.935 territory

U r ok person but u r wrong

Ok la U r OK person

Can't say same abt ur dogs

Wake up lo

U n ur dogs

So as KPMG needs not provides all its audit working papers jz those related to the issues so do u stil think if KPMG refuses to cooperate is reasonable?

Haiz stock kingdom u n ur dogs

Haiz stock kingdom u n ur dogs

Haiz stock kingdom u n ur dogs

Tis term is not directed at KPMG

Tis term is EY telling Serbadk u cannot in anyways whatsoever stop us from communicating with KPMG.... we must hv total full unfettered access to KOMG to communication wit KPMG.


So it is basically EY telling Serbadk u cannot limit our scope of work... no limitation of scope

So KPMG can or cannot accept tis term is irrelevant coz it is not directed to KPMG


Haiz u stock kingdom



1. EY need to have full and unfettered access to KPMG PLT for information and confirmation for the purpose of analysing the transactions and concerns highlighted;





OrlandoOilSemiconIoT stock kingdom to interpret tis again carefully tis time


U hv got it wrong again


1. EY need to have full and unfettered access to KPMG PLT for information and confirmation for the purpose of analysing the transactions and concerns highlighted;





Posted by Stock Kingdom > Jun 28, 2021 7:15 PM | Report Abuse 

I have never heard one audit firm can have “full and unfettered access” on the working papers of another audit firm. Never in the history locally & internationally.

Some more that one is KPMG.

Haha, forget the appointment.


Some may think what about apply & get court order to command KPMG handover.

but at what basis? Will KPMG just sit quietly & do nothing letting Serba get the order? By then MIA will jump in to defend for KPMG.


———-++++++———
myinvesting I expect it will be rejected by kp&g due to resigned (no more relationship), confidential and suit case (how to give hold harmless?)

————+++++++———-
1. EY need to have full and unfettered access to KPMG PLT for information and confirmation for the purpose of analysing the transactions and concerns highlighted;

However, in light of the recent resignation of KPMG PLT as the Company’s external auditors, EY required assurance that the above requirements remain in place prior to executing the engagement letter and commencing the review, including a written confirmation from KPMG PLT that co-operation in the form of access and information will be provided to EY for the purpose of understanding the alleged irregularities and anomalies identified, such as

30/06/2021 10:21 AM

Tis term is not directed at KPMG

Tis term is EY telling Serbadk u cannot in anyways whatsoever stop us from communicating with KPMG.... we must hv total full unfettered access to KOMG to communication wit KPMG.


So it is basically EY telling Serbadk u cannot limit our scope of work... no limitation of scope

So KPMG can or cannot accept tis term is irrelevant coz it is not directed to KPMG


Haiz u stock kingdom



1. EY need to have full and unfettered access to KPMG PLT for information and confirmation for the purpose of analysing the transactions and concerns highlighted;





OrlandoOilSemiconIoT stock kingdom to interpret tis again carefully tis time


U hv got it wrong again


1. EY need to have full and unfettered access to KPMG PLT for information and confirmation for the purpose of analysing the transactions and concerns highlighted;





Posted by Stock Kingdom > Jun 28, 2021 7:15 PM | Report Abuse 

I have never heard one audit firm can have “full and unfettered access” on the working papers of another audit firm. Never in the history locally & internationally.

Some more that one is KPMG.

Haha, forget the appointment.


Some may think what about apply & get court order to command KPMG handover.

but at what basis? Will KPMG just sit quietly & do nothing letting Serba get the order? By then MIA will jump in to defend for KPMG.


———-++++++———
myinvesting I expect it will be rejected by kp&g due to resigned (no more relationship), confidential and suit case (how to give hold harmless?)

————+++++++———-
1. EY need to have full and unfettered access to KPMG PLT for information and confirmation for the purpose of analysing the transactions and concerns highlighted;

However, in light of the recent resignation of KPMG PLT as the Company’s external auditors, EY required assurance that the above requirements remain in place prior to executing the engagement letter and commencing the review, including a written confirmation from KPMG PLT that co-operation in the form of access and information will be provided to EY for the purpose of understanding the alleged irregularities and anomalies identified, such as

30/06/2021 10:21 AM

Tis term is not directed at KPMG

Tis term is EY telling Serbadk u cannot in anyways whatsoever stop us from communicating with KPMG.... we must hv total full unfettered access to KOMG to communication wit KPMG.


So it is basically EY telling Serbadk u cannot limit our scope of work... no limitation of scope

So KPMG can or cannot accept tis term is irrelevant coz it is not directed to KPMG


Haiz u stock kingdom




1. EY need to have full and unfettered access to KPMG PLT for information and confirmation for the purpose of analysing the transactions and concerns highlighted;





OrlandoOilSemiconIoT stock kingdom to interpret tis again carefully tis time


U hv got it wrong again


1. EY need to have full and unfettered access to KPMG PLT for information and confirmation for the purpose of analysing the transactions and concerns highlighted;





Posted by Stock Kingdom > Jun 28, 2021 7:15 PM | Report Abuse 

I have never heard one audit firm can have “full and unfettered access” on the working papers of another audit firm. Never in the history locally & internationally.

Some more that one is KPMG.

Haha, forget the appointment.


Some may think what about apply & get court order to command KPMG handover.

but at what basis? Will KPMG just sit quietly & do nothing letting Serba get the order? By then MIA will jump in to defend for KPMG.


———-++++++———
myinvesting I expect it will be rejected by kp&g due to resigned (no more relationship), confidential and suit case (how to give hold harmless?)

————+++++++———-
1. EY need to have full and unfettered access to KPMG PLT for information and confirmation for the purpose of analysing the transactions and concerns highlighted;

However, in light of the recent resignation of KPMG PLT as the Company’s external auditors, EY required assurance that the above requirements remain in place prior to executing the engagement letter and commencing the review, including a written confirmation from KPMG PLT that co-operation in the form of access and information will be provided to EY for the purpose of understanding the alleged irregularities and anomalies identified, such as

30/06/2021 10:21 AM

EY wil b appointed independent reviewer

It is really one small step away

Why write so long o??


Jz say la.... FINE !!


OK u hv a good rest


Don't let ur dogs out

OrlandoOilSemiconIoT U keep reading statements wrongly

And now u are no longer even talking sense


If KPMG refuses to cooperate tis is d best outcome for Serbadk


Serbadk will tell SC we try to proceed wit d independent review but KPMG refused to cooperate

As KPMG refused to cooperate as such the independent review cannot proceed



INDEPENDENT REVIEW CANNOT PROCEED DUE TO KPMGs fault




Stock Kingdom As I said earlier, as long as there is court case against KPMG by Serba, it is impossible for KPMG to open its files because the information has now become confidential court evidences.

30/06/2021 3:26 PM




X

OrlandoOilSemiconIoT Stamped NFA case CLOSED

30/06/2021 3:29 PM

Stamped NFA case CLOSED

U keep reading statements wrongly

And now u are no longer even talking sense


If KPMG refuses to cooperate tis is d best outcome for Serbadk


Serbadk will tell SC we try to proceed wit d independent review but KPMG refused to cooperate

As KPMG refused to cooperate as such the independent review cannot proceed



INDEPENDENT REVIEW CANNOT PROCEED DUE TO KPMGs fault




Stock Kingdom As I said earlier, as long as there is court case against KPMG by Serba, it is impossible for KPMG to open its files because the information has now become confidential court evidences.

Make it auditorS

young n old

current n ex

Auditor

Jz academic

Take up tis audit




OrlandoOilSemiconIoT Ok good.. insider


Ok let's make u a shadow 1 man audit team attempting to audit Serbadks MATERIALS ON SITE


1. For an O&M service provider like Serbadk materials on site comprises?

Kindly provide detailed breakdowns


2. For an O&M service provider like Serbadk is it a fair assumption that the materials on site are located at Serbadks customers premises with only a small part located at Serbadks own premises?

Kindly provide detailed breakdowns

30/06/2021 8:11 AM

Unless u wrongly read the following...



1. EY need to have full and unfettered access to KPMG PLT for information and confirmation for the purpose of analysing the transactions and concerns highlighted;

The terms set by EY r pretty standard

Post removed.Why?

stock kingdom to interpret tis again carefully tis time


U hv got it wrong again


1. EY need to have full and unfettered access to KPMG PLT for information and confirmation for the purpose of analysing the transactions and concerns highlighted;





Posted by Stock Kingdom > Jun 28, 2021 7:15 PM | Report Abuse 

I have never heard one audit firm can have “full and unfettered access” on the working papers of another audit firm. Never in the history locally & internationally.

Some more that one is KPMG.

Haha, forget the appointment.


Some may think what about apply & get court order to command KPMG handover.

but at what basis? Will KPMG just sit quietly & do nothing letting Serba get the order? By then MIA will jump in to defend for KPMG.


———-++++++———
myinvesting I expect it will be rejected by kp&g due to resigned (no more relationship), confidential and suit case (how to give hold harmless?)

————+++++++———-
1. EY need to have full and unfettered access to KPMG PLT for information and confirmation for the purpose of analysing the transactions and concerns highlighted;

However, in light of the recent resignation of KPMG PLT as the Company’s external auditors, EY required assurance that the above requirements remain in place prior to executing the engagement letter and commencing the review, including a written confirmation from KPMG PLT that co-operation in the form of access and information will be provided to EY for the purpose of understanding the alleged irregularities and anomalies identified, such as

Post removed.Why?

I hv blogged sc caused d blow up n I m stil in one piece

U call me weird

U look into d mirror man

R u sure u read tis correctly?


C4) But Serba refused such suggestion from KPMG and labelled that request WAS UNNECESSARY. (Go read yourself on the statement of claim point 58 by Serba over the law suit to KPMG)

Ok good.. insider


Ok let's make u a shadow 1 man audit team attempting to audit Serbadks MATERIALS ON SITE


1. For an O&M service provider like Serbadk materials on site comprises?

Kindly provide detailed breakdowns


2. For an O&M service provider like Serbadk is it a fair assumption that the materials on site are located at Serbadks customers premises with only a small part located at Serbadks own premises?

Kindly provide detailed breakdowns

Post removed.Why?

Something is missing??

Something is missing

Whr is Covid-19 lockdown impact?

Not gonna jump d gun n do a KPMG to SC

stock kingdom to interpret tis again carefully tis time


1. EY need to have full and unfettered access to KPMG PLT for information and confirmation for the purpose of analysing the transactions and concerns highlighted;

X

OrlandoOilSemiconIoT All 5000+ average man on d street here got the following WRONG


“full and unfettered access”


ALL 5000+ average man on d street here got it wrong

Average man on d street here knows nut

29/06/2021 12:57 PM

X

OrlandoOilSemiconIoT Especially that especially average man on d street stock kingdom

29/06/2021 12:58 PM

X

OrlandoOilSemiconIoT Average man on d street stock kingdom keeps interpreting things wrong

29/06/2021 12:59 PM

Those r pretty standard terms

Average man on d street stock kingdom keeps interpreting things wrong

Especially that especially average man on d street stock kingdom

All 5000+ average man on d street here got the following WRONG


“full and unfettered access”


ALL 5000+ average man on d street here got it wrong

Average man on d street here knows nut

EY wil b appointed as independent reviewer as well as d auditors

Post removed.Why?

Post removed.Why?

Post removed.Why?

Post removed.Why?

I m asking lya rasman to resign for saying it is mind blogging

OrlandoOilSemiconIoT * LYN RAHNAN U should resign!! Definitely must resign

Why mind blogging ? * LYN RAHMAN

U all accused her of being *NOT independent tat is why she resigned



It is also mind boggling to see the newly appointed INED Masleena Zaid who has been the talk of the town in view of her connection with the other two newly-appointed INEDs, namely chairman Datuk Mohamed Ilyas Pakeer Mohamed and Johan Mohamed Ishak, had tendered her resignation citing “personal commitment”