Posted by OrlandoOilSemiconIoT > 2021-06-22 18:34 | Report Abuse

To recover loss fr SC?

Posted by OrlandoOilSemiconIoT > 2021-06-22 19:41 | Report Abuse

Also don't b so confidence KPMG has not done wrong

KPMG had treated tis audit as any other audits

KPMG had put in trivial matters in its points for discussion wit client thinking matters wil b resolved like any other audits between itself n Serbadk

KPMG had acted innocently n matters remain innocent til suddenly SC blew it up

Posted by OrlandoOilSemiconIoT > 2021-06-22 19:51 | Report Abuse

KPMG simply put all n sundry into its points for discussion

Serbadk lawyers jz hv to stick on d point KPMG went to d wrong address KPMG standing in d eyes of d judges wil hit another low after d 1MDB fiasco

Posted by OrlandoOilSemiconIoT > 2021-06-23 11:25 | Report Abuse

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

Posted by OrlandoOilSemiconIoT > 2021-06-23 11:25 | Report Abuse

KPMG

Not too late

Come out n present ur IRREFUTABLE EVIDENCE to nail Karim

Come on

Posted by OrlandoOilSemiconIoT > 2021-06-23 11:25 | Report Abuse

KPMG

Already being sued

What?

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

Posted by OrlandoOilSemiconIoT > 2021-06-23 11:26 | Report Abuse

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

Show d smoking gun and case closed

Posted by OrlandoOilSemiconIoT > 2021-06-23 11:26 | Report Abuse

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???!!!

Posted by OrlandoOilSemiconIoT > 2021-06-23 11:27 | Report Abuse

Waiting for KPMG IRREFUTABLE EVIDENCE

Posted by Nepo > 2021-06-23 11:37 | Report Abuse

Yup, you spot on

Posted by InsiderShark > 2021-06-23 12:56 | Report Abuse

@OrlandoOilSemiconIoT

You 5 years old? KPMG cannot disclose any details. Just like how a doctor cannot tell others what sickness you have. They are professionals.

Serba knows KPMG cannot say anything, therefore they continue attacking, hoping to make it look like Serba is the victim.

Who is right or wrong, we dont know. But you already jump to conclusion, why? Because you have paper loss, that is why. You money inside Serba.

Posted by OrlandoOilSemiconIoT > 2021-06-23 14:10 | Report Abuse

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

Posted by OrlandoOilSemiconIoT > 2021-06-23 14:14 | Report Abuse

Hope u 3 years old or retard can follow

Posted by OrlandoOilSemiconIoT > 2021-06-23 14:16 | Report Abuse

Still waiting for KPMG IRREFUTABLE EVIDENCE

Posted by qqq3333 > 2021-06-23 14:31 | Report Abuse

who caused the blowup? assuming Serba is innocent and their accounts are true and fair..... then it's Serba crisis management that screwed up

Posted by qqq3333 > 2021-06-23 14:35 | Report Abuse

auditors with audit points for discussions happen all the point. auditors approach audit commitee members happens all the time and follows Bursa rules

Posted by qqq3333 > 2021-06-23 14:36 | Report Abuse

Serba panicked... ask them why they panic la

Posted by OrlandoOilSemiconIoT > 2021-06-23 14:42 | Report Abuse

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

Posted by OrlandoOilSemiconIoT > 2021-06-23 14:46 | Report Abuse

Per lawyer SC raided Serbadk premises without justiable grounds

Posted by OrlandoOilSemiconIoT > 2021-06-23 14:48 | Report Abuse

Point for SC to ponder


Next time to raid BOTH parties premises to appear impartial?


Fairer for both parties

Posted by OrlandoOilSemiconIoT > 2021-06-23 14:53 | Report Abuse

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.

Posted by qqq3333 > 2021-06-23 15:10 | Report Abuse

precisely as Jeff says

Posted by OrlandoOilSemiconIoT > 2021-06-23 16:39 | Report Abuse

Of course not

Posted by OrlandoOilSemiconIoT > 2021-06-23 18:19 | Report Abuse

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??

Posted by OrlandoOilSemiconIoT > 2021-06-23 20:40 | Report Abuse

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

Posted by OrlandoOilSemiconIoT > 2021-06-23 21:49 | Report Abuse

Loosing money is one thing


KPMG shd has been more conclusive


KPMG shd not have spoken before obtaining the IRREFUTABLE EVIDENCE

Posted by OrlandoOilSemiconIoT > 2021-06-24 08:06 | Report Abuse

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

Posted by OrlandoOilSemiconIoT > 2021-06-24 08:12 | Report Abuse

Even in court of laws EVIDENCE comes first

Posted by OrlandoOilSemiconIoT > 2021-06-24 08:13 | Report Abuse

IRREFUTABLE EVIDENCE

Posted by OrlandoOilSemiconIoT > 2021-06-24 08:13 | Report Abuse

Need IRREFUTABLE EVIDENCE not mere suspicion

Posted by OrlandoOilSemiconIoT > 2021-06-24 08:14 | Report Abuse

KPMG has gone public wit mere suspicion

Posted by OrlandoOilSemiconIoT > 2021-06-24 08:15 | Report Abuse

So u tell me has KPMG bin negligent?

Posted by OrlandoOilSemiconIoT > 2021-06-24 08:19 | Report Abuse

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.

Posted by OrlandoOilSemiconIoT > 2021-06-24 08:23 | Report Abuse

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

Posted by Bgt 9963 > 2021-06-24 08:32 |

Post removed.Why?

Posted by goldenluck16 > 2021-06-24 09:00 | Report Abuse

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

Posted by OrlandoOilSemiconIoT > 2021-06-24 09:40 | Report Abuse

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

Posted by leehenry1999 > 2021-06-24 12:46 | Report Abuse

haha the whole comment section was bombarded by Orlando, why being so desparate, is it that you have too much of vested interest in Serba? Just let SC and the court do the due diligence, spamming here and there won't help haha :)

Posted by Mongtuan > 2021-06-24 13:30 | Report Abuse

Spot on leehenry !

Posted by OrlandoOilSemiconIoT > 2021-06-24 13:34 | Report Abuse

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

Posted by leehenry1999 > 2021-06-24 14:05 | Report Abuse

lol Orlando, KPMG is resigning due to following the standard procedures where auditors will need to resign whenever the auditee raised a court action towards them. Nothing had changed on who is right or wrong yet. Why so desperate to keep trash talking KPMG, they just doing their job to safeguard shareholders wealth. You should thank them if they are helping you to red flag any Serba wrong-doings haha. No need to allow your confirmation bias to dictate your thoughts

Posted by OrlandoOilSemiconIoT > 2021-06-24 14:16 | Report Abuse

Red flagging is not a problem


I only ask for IRREFUTABLE EVIDENCE BEFORE red flagging


KPMG has failed miserably on tis basic requirement

Posted by OrlandoOilSemiconIoT > 2021-06-24 14:22 | Report Abuse

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

Posted by OrlandoOilSemiconIoT > 2021-06-24 14:23 | Report Abuse

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

Posted by OrlandoOilSemiconIoT > 2021-06-24 14:30 | Report Abuse

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

Posted by leehenry1999 > 2021-06-24 14:50 | Report Abuse

hahaha ya I am just an average man on the street, at least I am not an "elite" like you who lose a lot in serba :), but yet still in denial and acting like you are above average

Posted by OrlandoOilSemiconIoT > 2021-06-24 18:35 | Report Abuse

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.”

Posted by OrlandoOilSemiconIoT > 2021-06-24 18:38 | Report Abuse

Upto MAYBE as such KPMG failed to form an audit opinion tat an auditor wit IRREFUTABLE EVIDENCE conviction dare to