NIKON

My take

It is very likely to b an ethical problem on Karim part

NOT a FINANCIAL problem for Serbadk

I say SUE KPMG!!!!

To shake hands n comprise?

No 2x LD wat does tis mean?

65% KPMG is wrong?

35% Karim is wrong?

Cannot be like tis

Sue KPMG

If nothing has changed meaning current situation has been in existence since day 1
KPMG should hv stopped Serbadk before it started to rise

KPMG has victimized a lot of Serbadk investors who hv relied on it to ensure things r ok

KPMG has failed Serbadk investors big time

Malaysia government is suing KPMG to recover its loss due to 1MDB

Likewise shareholders of Serbadk can sue KPMG for letting Serbadk to rise ie to let Serbadk to rise previously n suddenly pull d rag now when Serbadk has not changed

If KPMG is right in 2020

Then KPMG were wrong from 2013 to 2019

KPMG has dug a big deep grave for itself

Karim says has said so on record



I hv not changed since day 1 how come all of sudden u don't recognize me anymore??

How come all previous years audited financial statements were cleared but not this year when everything remains the same??

How come suddenly u don't love me anymore??

How come KPMG???


"As far as we are concerned, we have not changed our business structure materially since the initial public offering (IPO) in 2017 and have worked with KPMG, whose auditors are familiar with our operations, since 2013







Serba Dinamik group managing director and group chief executive director Datuk Dr Ir Ts Mohd Abdul Karim Abdullah in a statement said the management has taken prompt action to address the matters much earlier prior to the announcement made to Bursa Malaysia on 25 May 2021.

"As far as we are concerned, we have not changed our business structure materially since the initial public offering (IPO) in 2017 and have worked with KPMG, whose auditors are familiar with our operations, since 2013

U r being silly

Per SD 2019 AR those suppliers customers tat KPMG is doubting now already in existence


i3lurker dun be silly
you are not in kindergarden anymore.
Or rather I was not born yesterday, dunno about you though...........

name of supplier is the same as last year but is the Beneficial Owner still the same?

Posted by OrlandoOilSemiconT > May 30, 2021 12:23 PM | Report Abuse

No nid KPMG itself is in trouble

KPMG had cleared 2019 SD accounts whc Karim says has d same customers same suppliers same circumstances

KPMG is contradicting itself

Investment funds who hv relied on KPMG 2019 report to invest can sue KPMG till mother cannot recognize

30/05/2021 12:27 PM

Implicating itself KPMG has a dig a grave for itself

Right is KPMG wrong is KPMG

If KPMG 2020 is right

Thn KPMG 2019 n prior were wrong

Simple as tat

No nid KPMG itself is in trouble

KPMG had cleared 2019 SD accounts whc Karim says has d same customers same suppliers same circumstances

KPMG is contradicting itself

Investment funds who hv relied on KPMG 2019 report to invest can sue KPMG till mother cannot recognize




joyvest Whoever takes over as the next auditors is better to increase their professional indemnity insurance cos they will be susceptible to be sued for negligence if they don't address to the irregularities in a professional manner.

Given the circumstances of the irregularities, any other auditors would adopt the same approach as KPMG as KPMG has duly complied with the auditing standards and generally acceptable auditing standards.

30/05/2021 12:14 PM

Hope KPMG is very clear abt n had clearly stated wat kind of evidences r accepted to it since Karim had replied yet it is like cannot decide (taking so long yet no reply)

KMPG itself must b very very clear on to wat extend d evidences must be (smoking gun? red handed?) to be acceptable

At d moment d points raised by KPMG irself appear to b circumstantial (tat is it has no direct evidences of wrong doings or stuff should b impaired)

Don't u go spoil BDO good name!!!

If Karim has no case SD is in d wrong do u think Karim dares to appoint a 2nd independent auditors to verify?

Do u think BDO wil collude wit Karim to say no problems now tat SD is in spotlight??

Why dare to appoint a 2nd auditors?

Because berani kerana benar

Should no change auditors

Karim should see this thing thru

Odd is against KPMG

KPMG has caused Karim to b judged "guilty" before it can prove so

Hope KPMG is very clear abt n had clearly stated wat kind of evidences r accepted to it since Karim had replied yet it is like cannot decide (taking so long yet no reply)

KMPG itself must b very very clear on to wat extend d evidences must be (smoking gun? red handed?) to be acceptable

At d moment d points raised by KPMG appear to b circumstantial (tat is it has no direct evidences of wrong doings or stuff should b impaired)

Looking at it KPMG "proofs" of issues r no stronger thn Karim proofs of no issues

Hope KPMG is very clear abt n had clearly stated wat kind of evidences r accepted to it since Karim had replied yet it is like cannot decide (taking so long yet no reply)

KMPG itself must b very very clear on to wat extend d evidences must be (smoking gun? red handed?) to be acceptable

At d moment d points raised by KPMG appear to b circumstantial (tat is it has no direct evidences of wrong doings or stuff should b impaired)

Side bet side bet

Since so many say karim fault

Place your bet

KPMG's fault... 1 pay 50 sen

It is procedural KPMG staff constraint rather than stuff tat affect true n fair

KPMG no longer has d reach jz jaguh kampung

KPMG at fault

IB? Dont u get me started

IBs 1st thing cover their ass without details straight away cut TB by 30 40% ???

Malaysia KPMG has cut staff force til can no longer do audit further than Kuantan?

Malaysia KPMG is a shadow of its previous self post 1MDB fiasco

Blame bossku not take it out on Karim

So we hv expanded far n wide

KPMG if u can't keep up is our fault??

Karim

In d next announcement to list ALL d matters (don't think issues) raised FULL disclosure wit a caveat PENDING FURTHER VERIFICATION

Good or bad disclose them

Investors hate uncertainty

Karim says it is d auditors fault

I hv not changed since day 1 how come all of sudden u don't recognize me anymore??

How come all previous years audited financial statements were cleared but not this year when everything remains the same??

How come suddenly u don't love me anymore??

How come KPMG???


"As far as we are concerned, we have not changed our business structure materially since the initial public offering (IPO) in 2017 and have worked with KPMG, whose auditors are familiar with our operations, since 2013







Serba Dinamik group managing director and group chief executive director Datuk Dr Ir Ts Mohd Abdul Karim Abdullah in a statement said the management has taken prompt action to address the matters much earlier prior to the announcement made to Bursa Malaysia on 25 May 2021.

"As far as we are concerned, we have not changed our business structure materially since the initial public offering (IPO) in 2017 and have worked with KPMG, whose auditors are familiar with our operations, since 2013

It is a good thing SilTerra is producing low tech old chips

Avoid direct competition wit d bid boys whc SilTerra cannot win

Wit d emergence of EV SilTerra found its niche tis is wat Foxconn wanted SilTerra for

Wit d like Foxconn showing interest u know u hv correctly put ur money on DNEX

Strange thing is Sinovac yet to b approved by WHO..

Say jz 3,000,000 used SINOPHARM

Profit say jz RM 50 per case (say selling price RM 35O per case)

Total profit RM 150,000,000

Big windfall

And u know these r low figures

DNEX is kacang putih to Foxconn

Tat is PP has to be 30% not 20% to b more meaning to big co like Foxconn

Don't be confused

Foxconn is buying DNEX la not SilTerra

Foxconn

Karim.. to do a better in d coming announcement n do it quick

Further proof Serbad is widely held

Based d huhahuha created n now tat it is suspended

Isn't trading suspended?

Quarterly reports r not audited

.....right now just require process...

Don't sound like thr r specific issues

Only procedural requirements

If tis is all thr is why can't karim said it in that Tuesday announcement????

Wat besides being a co director karim oso a movie director?? Going for maximum suspense??



LongTermInvestor8 *Serba’s external auditor on statutory accounts 26 May 21 briefing:*

- Cannot mention specifically what issues triggered this, only mention – no RPT involved, - not backdated (only relates from 2020 financial onwards which will stretch to 18months due to FYE change), no worst case guidance

- Doesn’t involve other listed companies i.e. SCIB/ KPOWER

- FYE change from Dec to June is to comply with KPMG request (concurrently), b) KPMG requested an independent review is to ensure accuracy of findings for the additional procedures required for points raised by them, c) the whole audit process being reviewed, not on a particular project or subsi, but for all operations especially in view of COVID19 in certain geography and KPMG wants independent review especially for things not within their normal scope

- Mentioned that KPMG started highlighting points since Oct 20 and Serba had been engaging with KPMG on their issues, but KPMG’s request for independent audit was only made in Apr 21. Serba did not receive reports or claims of fraud. What has been highlighted by KPMG is already addressed, right now just require process of independent review to solidify Serba’s efforts with KPMG

- Mentioned COVID19 also caused delays in auditing process (due to so many countries and JV structures in Serba) and streamlining accounting issues raised by KPMG

- No indication from banks to stop banking facilities at this point

No don't think insiders save tat ma cai who did it have information

Unless Karim is pretending now wayang kulit else don't think he knew he still doesn't know what craps other then wat auditors told him

In PPE wat can go wrong?

In receivables wat can go wrong?

In payables wat can go wrong?

Cash at banks ought to be fairly stated

Wat could surprise karim?

Not likely d biggest one coz karim knows tat one like d back of his hands

So maybe not tat big issue

Bad debts? Not likely not tat many big debtors.. karim again?