Tis is precisely the problem KPMG has performed its audit upto MAYBE



“In this regard, KPMG has in our view performed a substandard auditing work for they failed to form a professional opinion




“It is, therefore, noteworthy to acknowledge that Section 320(1) of the CMSA 2007 requires that an auditor form a professional opinion that there has been a breach before they can make a report to SC,” a company source told FocusM.

“In this regard, KPMG has in our view performed a substandard auditing work for they failed to form a professional opinion on the matter and therefore could not have acted in good faith – in fact they acted in bad faith.”

KPMG had character assassinated Serbadk even whn all it has is a MAYBE

leehenry1999 u r specimen 2 of d average man on d street influenced by KPMG

Red flagging yet has d audacity to ask for change of year end to buy time to finish its audit

Red flagging is not a problem


I only ask for IRREFUTABLE EVIDENCE BEFORE red flagging


KPMG has failed miserably on tis basic requirement

Karim sailang d

Whn any 1 of d 3 big 4 accepted the appointment as auditors of Serbadk the drama is over Serbadk backs to life as usual

So KPMG has sent in its letter

https://klse.i3investor.com/blogs/patheticfallacy/2021-06-22-story-h1566972618-SERBADK_Who_caused_the_BLOW_UP.jsp

So KPMG has resigned



Let's do a bit of character assassination like KPMG has done wit its MAYBE



KPMG has resigned KPMG knows it has bin negligent


KPMG must hv done something wrong otherwise why resign

Oh yes U r a good specimen of d average man on d street influenced by KPMGs MAYBE




goldenluck16 SD is a gone case ...no hope. Sell, no need to think twice or talk thrice.

24/06/2021 9:00 AM

WE CANNOT COMMENT AT TIS JUNCTURE as d AUDIT IS STIL IN PROGRESS

https://klse.i3investor.com/blogs/patheticfallacy/2021-06-22-story-h1566972618-SERBADK_Who_caused_the_BLOW_UP.jsp

WE CANNOT COMMENT AT TIS JUNCTURE as d AUDIT IS STIL IN PROGRESS


Anything more thn tis would surely trigger SC n BURSA


KPMG cannot goes MAYBE he is guilty but our audit is still progress

After the 4b damage n some now u r saying d audit is stil in progress


Right fr d BEGINNING KPMG shd hv told SC BURSA sir WE CANNOT COMMENT AT TIS JUNCTURE as d AUDIT IS STIL IN PROGRESS



"The potential claim relates to a statutory audit that is still in progress and we are unable to make any comments," the audit firm said.

So u tell me has KPMG bin negligent?

KPMG has gone public wit mere suspicion

Need IRREFUTABLE EVIDENCE not mere suspicion

IRREFUTABLE EVIDENCE

Even in court of laws EVIDENCE comes first

https://klse.i3investor.com/blogs/patheticfallacy/2021-06-22-story-h1566972618-SERBADK_Who_caused_the_BLOW_UP.jsp


Was KPMG negligence or not??

Was KPMG negligence or not??


Auditors red flagging accounts is sensitive very very very sensitive


Anyone knows that


KPMG should hv foresee d chaos


PRIOR to obtaining the IRREFUTABLE EVIDENCE KPMG at d most can only states the AUDIT STILL IN PROGRESS



KPMG shd never in anyway insinuated Serbadk guilty until Serbadk got someone to prove it is innocent


No no no




Serba Dinamik to take legal action against external auditor KMPG for alleged negligence

Loosing money is one thing


KPMG shd has been more conclusive


KPMG shd not have spoken before obtaining the IRREFUTABLE EVIDENCE

https://klse.i3investor.com/blogs/patheticfallacy/2021-06-22-story-h1566972618-SERBADK_Who_caused_the_BLOW_UP.jsp


KPMG shd has been more conclusive

Tis not done for audit purpose?


....to facilitate better audit planning



Remarks :

The Directors of the Company is desirous to change the financial year end of the Company from 31/12/2020 to 30/6/2021 due to continuing extension of the MCO in Malaysia and lockdowns in countries in which the group have hampered the ability to finalise the Group's financial statements (FS); expansion of Groups operations in new countries further add to more time required to finalise FS; to facilitate better audit planning and allocation of resources to avoid the peak financial reporting period

Remarks :

The Directors of the Company is desirous to change the financial year end of the Company from 31/12/2020 to 30/6/2021 due to continuing extension of the MCO in Malaysia and lockdowns in countries in which the group have hampered the ability to finalise the Group's financial statements (FS); expansion of Groups operations in new countries further add to more time required to finalise FS; to facilitate better audit planning and allocation of resources to avoid the peak financial reporting period

https://klse.i3investor.com/blogs/patheticfallacy/2021-06-22-story-h1566972618-SERBADK_Who_caused_the_BLOW_UP.jsp

Materials on site


Materials on sites r physical

Materials on site


Materials on sites r physical can see touch smell why so difficult to come out wit IRREFUTABLE EVIDENCE?


Materials on sites they r either there or they r not there why so difficult to come out wit IRREFUTABLE EVIDENCE??

Of course not

So still in progress


KPMG stil looking for its elusive IRREFUTABLE EVIDENCE?


https://klse.i3investor.com/servlets/forum/600544818.jsp


"The potential claim relates to a statutory audit that is still in progress and we are unable to make any comments," the audit firm said.

So still in progress


So KPMG stil looking for its elusive IRREFUTABLE EVIDENCE?



"The potential claim relates to a statutory audit that is still in progress and we are unable to make any comments," the audit firm said.

Point for SC to ponder


Next time to raid BOTH parties premises to appear impartial?


Fairer for both parties

Per lawyer SC raided Serbadk premises without justiable grounds

Serbadk did not panic

In fact KPMG suggested n Serbadk has agreed to change d year end to JUNE 2021 giving KPMG 6 months more to finish its audit

For KPMG to finish its audit as issues highlighted r those the can b resolved


There was no crisis for neither KPMG nor Serbadk


Thing blew whn Bursa/SC asked for the reasons for d change of year end n SC raided Serbadk premises

KPMG do u hv IRREFUTABLE EVIDENCE or not?

It yes now is d time to show it

Still waiting for KPMG IRREFUTABLE EVIDENCE

Hope u 3 years old or retard can follow

https://klse.i3investor.com/servlets/forum/600544818.jsp

InsiderShark


U r confirmed 3 years old or retard


Audit is an evidence based understanding


Very EARLY ON during d audit KPMG shd hv come out wit its IRREFUTABLE EVIDENCE leaving Serbadk no room whatsoever to deny or dispute


Come out early on with ur best right hook to KO Karim

InsiderShark


U r confirmed 3 years old or retard


Audit is an evidence based understanding


Very EARLY ON during d audit KPMG shd hv come out wit its IRREFUTABLE EVIDENCE leaving Serbadk no room whatsoever to deny or dispute


Come out early on with ur best right hook to KO Karim

Waiting for KPMG IRREFUTABLE EVIDENCE

KPMG why beat around the bush??

Why jz say Serbadk didn't dot d i cross d t come out wit ur IRREFUTABLE EVIDENCE already???!!!

Well if KPMG has IRREFUTABLE EVIDENCE now is certainly the best time to present them

Show d smoking gun and case closed

KPMG

Already being sued

What?

Need to wait the cows come home b4 u present ur IRREFUTABLE EVIDENCE ?

KPMG

Not too late

Come out n present ur IRREFUTABLE EVIDENCE to nail Karim

Come on

Materials on site

Ambank has talked like 100% of d materials on site is thin air whn in fact d 2020 balance is almost d same as 2019 balance whc were audited n found ok by KPMG


In any case why can't KPMG verify n come out wit irrefutable evidence?

Present IRREFUTABLE EVIDENCE n end of the audit

Waiting for KPMG IRREFUTABLE EVIDENCE

KPMG better take a big loans to support d price


If cannot recover d loss fr the mkt wil recover fr KPMG via d court

Oh yeah?

And KPMG Law said jz sign d IMDB audit report!!



Stocksafeplayer Lazy and dumbos go google la…. Kpmg is what?
Kpmg has own legal division called Kpmg Law.

Don’t worry for KPMG la…. Better worry for our ownselves.

23/06/2021 8:47 AM

Aiyo u certainly need education

We r rules based society here



Enough wit u

godhand u need not apply



godhand Posted by OrlandoOilSemiconIoT > Jun 23, 2021 8:31 AM | Report Abuse

No by the audit stage KPMG should hv shown its IRREFUTABLE EVIDENCE

this gentleman here ask his driving license examiner give evidence for failing them.

23/06/2021 8:34 AM

KPMG why beat around the bush??

Why jz say Serbadk didn't dot d i cross d t come out wit ur IRREFUTABLE EVIDENCE already???!!!

No by the audit stage KPMG should hv shown its IRREFUTABLE EVIDENCE

Well if KPMG has IRREFUTABLE EVIDENCE now is certainly the best time to present them

Show d smoking gun and case closed