Pathetic fallacy KPMG

Serbadk wil b kept alive

add 3 new INEDs

Can't b Karims own idea

Karim must has bin advised

Advised by d powerful

Tis is d precursor to d imminent intervention by d powerful

Time to get some?

For all u know Serbadk went to Middle East on d urging of Petronas

Hidup Serba Dinamik

Tis is a precursor of d imminent intervention by d powerful

Can Karim rose from VNP to syarikat utama without substance??

Karim is d poster boy of Petronas programmes

*circumstantial

At d moment KPMG so called evidences r at best circumstances

I bet u KPMG partners can't sleep at night

Of course hv to wait for tis

KPMG itself is not clear wat kind of evidence it is seeking what is acceptable

Smoking gun? Hand in jar?

But point is Serbadk is agreeable to this solution




, pending the finalisation of the scope of work and clearance from the relevant authorities.

Going to complain to MOH to request MOH to review KPMG 2019 audit of Serbadk

Tolerable ???

Tat is why 1MDB in trouble

Tolerable????

Close one eyes

Eyes wide closed

Serbadk has agreed to this

Nothing to hide




9.kpmg proposed another independent review to counter their views.

Goin to bloodly sue KPMG on this



6.kpmg is believed to be tolerable with the company for 2019 Acc in the past where the company was given with ample time to address the issues in time for 2020 Acc

12/06/2021 5:03 PM

Tolerable??? Seriously???

Wrong is wrong

Tolerable should not b in d vocub of auditors


6.kpmg is believed to be tolerable with the company for 2019 Acc in the past where the company was given with ample time to address the issues in time for 2020 Acc

Tis is 2. Ok

4. KPMG has no choice but turn to independent audit committees for assistance. Serba claimed that the independent committees are not well- versed in day to day operation but .....

Probability u unstable I pity not happi

Pathetic fallacy probability

Yes indeed u confirmed unstable

Confirmed nut case tis probability

Tis freaking probability is most unstable one minute defend after cut loss d condem

U confirmed unstable


probability he appears unstable also

he should cut loss instead off holding (less painful)

Sue KPMG

Not looking for scapegoats jz tat justice must prevail

If there were same issues in 2019 and KPMG let it go to sue bloodly KPMG too

Same things can audit in 2019 suddenly cannot audit in 2020??

Pathetic fallacy

Register ur name wit Serbadk if u want to b part of the collective law sue against KPMG

Now tat management has explained KPMG never revert

WTF!!!!

Pathetic fallacy KPMG

Tis is prejudice isn't it?

Already made up their mind b4 giving a chance for management to explain


RealMad indeed.. they have done
o many audit.. and now out of nowhere.. boom.. to me something is not right with kpmg.. if anything they are aupposed to approuch BID not independent director..

12/06/2021 1:55 PM

There is going to be

Serbadk plus Karim plus others vs KPMG in d near future

Mind u it is KPMG tat requested for d extension

If Covid-19 prevents KPMG to do the audit requesting to extend year end to JUNE 2021 is fair enough

Why highlighted those 3 yo level con tricks?

Pathetic fallacy

Pathetic fallacy

Pathetic fallacy KPMG

Karim cons were supposed to b discovered by audit interns???

For 16 years Deloitte can't detect Hin Leong Trading con tricks

Pathetic fallacy

Karim d not so smart conman?

Pathetic fallacy

Deloitte vs Hin Leong Trading

Tis case tells u when a company wants to scam it is not easy for d auditors to find out

Is it the case wit Serbadk

The so called con highlighted by KPMG is so pathetic 3 yo level con tricks does tis look like someone who intends to con??

No u r wrong

These areas were identified by KPMG as d key areas AND KMPG HAVE SATISFIED ITSELF THAT AFTER CHECKING THESE WERE OK and 2019 showed a true and fair


PRECISELY THE SAME AREAS in d current dispute HOW COME KPMG CANNOT TAKE SIMILAR AUDIT STEPS AS IN 2019 TO VERIFY??


Same things can audit 2019 suddenly cannot audit in 2020??



The only thing tat hv changed is Covid-19





To me, this says KPMG flagged the same discrepancies in the 2019 audit but effectively said "these are in question and need to be addressed" before the next audit.



bobvic96 https://www.thestar.com.my/business/business-news/2021/06/05/the-essential-role-of-an-audit?utm_source=smt&utm_medium=email&utm_campaign=BNL_Ju

"Interestingly, in the FY19 audit report, the auditors had highlighted three key audit matters then and they include:

> Existence, accuracy and completeness of revenue recognition;
> Completeness and existence of material on-site amounting to RM908mil; and
> Valuation of trade receivables and contract assets valued at RM1,526mil.

In FY19, the auditors addressed these key audit matters via various methods and means to ensure the financial statements were accurately reflectively of the balances presented".

To me, this says KPMG flagged the same discrepancies in the 2019 audit but effectively said "these are in question and need to be addressed" before the next audit. Serba indeed addressed them in 2020 by increasing the amounts substantially. KPMG's assessment was obviously in conflict with what the Serba BoD wanted. I believe this is why the annual reporting was extended to end June, with the Serba BoD expecting to be able to bully KPMG into submission.

It obviously hasn't worked for Serba's BoD.

I may have got it wrong, I'm not an accountant, but I've been around a bit, including in oilfield contracts and operations.

It will be interesting to see, if the BoD are found to have their hand in the till, what the consequences will be (look at the economics of SCIB too). I guess a number of foreign investors will be watching this too.

Given the sea-change in the tone of reporting in the press, I guess some politicking is going on.

Serba, could be a going concern if it is only money, however, any fraud element would have to be removed.

12/06/2021 12:59 PM

RM 100,000 sons of d soil can alibaba sub to Aker nobody bothers

So u see

If u r sons of d soil share capital of RM 100,000 is more thn enough nothing else is required

So tat part of KMPG queries is non issue



Malaysia going down d drain is another story for another day



Sslee You be the judge what had became of Malaysia? When those given contracts cannot perform and wasted billion in taxpayer money walk free and those doing the job well get fxxx?

Malaysia practices a form of affirmative action, in which many contracts awarded by state-linked companies are reserved for ethnic Malays and indigenous people – collectively known as Bumiputera, or "sons of the soil".

The three sources, two from the anti-corruption agency and another source who is familiar with the case, said an Aker executive is accused of submitting documents aimed at misleading Petronas that one of Aker's subsidiaries would qualify as a Bumiputera-owned company when it did not.

The Aker executive was expected to be charged with the offence of cheating, two of the sources said. That offence carries a sentence of up to five years' jail, a fine, or both.

The sources requested anonymity due to the sensitivity of the matter. They did not give the name or nationality of the executive who would be charged.

Aker Solutions has six subsidiaries registered in Malaysia, where its Asia Pacific headquarters is based, according to its 2020 annual report.

Last year, the company reported NOK 1.57 billion (US$189 million) in revenue from its Malaysian businesses. In 2019, it said it had been awarded an umbrella agreement for engineering services from Petronas.

11/06/2021 10:34 AM

Awang bro tis ain't d best of time to sell some...

90 sen is too cheap

Wit Foxconn as a strategic partner DNEX is set for at least d next 20 years