Looking at the past year's financial statements are separate issues. Unless there are significant false accounting is done that justifies probing further, the authorities will not do so.
Posted by armadatuah2017 > Dec 28, 2021 4:54 PM | Report Abuse
kpmg only last year red flagged?? all this while how do they verify the AR and bloody the accounting standards presented
Not quite correct. If you look back at all the I3 posts and comments made in the press, KPMG warned SD in the 2019 AR assessment that they needed to address the stock and receivables - I don't think their suggestion was to make them grossly larger.
AlsvinChangan Akaun tak balance
2018 balance left telor abit bigger than right telor
2019 balance left telor alot bigger than right telor
2020 balance left telor ridiculously bigger than right telor
KPMG then only wake up and panic 28/12/2021 5:08 PM
Reimburse what? You will have better chance in getting plane tickets reimbursement from Tony.
You stated that 'IT IS EXACTLY the same tense situation' as Bumi Armada.
armadatuah2017 money shall be reimbursed based on last trading price to be fair 28/12/2021 4:55 PM
Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD
Posted by armadatuah2017 Oct 24, 2021 7:10 PM | Report Abuse
i had done it with BA. IT IS EXACTLY the same tense situation where all naysayers are shouting PN17.....11Billion debt with cash only less than 400mil.
SD need to prove to the world that they have not presented with the false information.
It is a daunting desk to prove.all the pack of lies will be unfolded and the truth will be revealed openly in the court. Its unstoppable now to leave no stones unturned.
pearlblack had gone mad ! aliens teleported his brains to space !
AGC already approved the charges for prosecution by SC. This means many people at many levels had already reviewed investigation file for soundness of evidence.
Karim think that he got back mountain to support him, you may now continued to dream. we all lose money and you masuk jail. cannot wait to see you masuk jail. best dipenjara 25 years. you may spend remaining of your live in penjara malaysia
Alll the articles issued by SD are subject to be scrutinised and verified extensively by independent auditors ,which will be taken as evidence in the open court
. Unfortunately for some who did work hard (and I do appreciate it) to get evidence of FAFT, after cross examining it for further verification, they did not seem to want to proceed with cross-checking it with the Directors' Meeting Register.
Also, it is part of the auditing standards (which is why I asked for further verification) to verify FAFT.
Also, which I also advised kindly to read the ICAEW of audit and assurance book.
I initiated opportunities to them to strengthen their claims. But it all fell on deaf ears.
I cannot help you all now, since now it is already academic as far as I am concerned. .
PearlWhite... I am beginning to think PearlWhite is either Karim, one of the directors or someone really close to them. Trying his best to make Karim a hero.
I don't expect everyone have the experience and critical thinking like him to spot the weirdness with SD, Bursa, SC and KPMG/EY case.
But at least, we are willing and are open to criticism when we spot something wrong and attempt to factually provide the correct facts and show the media power play. .
Imagine a situation where SD alleges that they have a unicorn farm in Bahrain.
Auditors, from 2 different organizations, have gone to the location and they do not find any unicorns.
What the hell is 'Directors' Meeting Register' that you are babbling about?
SD has to bring out the unicorns to prove their existence.
Unfortunately, you keep using the fallacious argument of 'absence of evidence is not evidence of absence'.
If I am the prosecutor, I will charge you for raping the unicorns. The fact that I do not have evidence that you have raped, murdered and buried the unicorns; does not mean that you did not raped, murdered and buried the unicorns.
Either bring out the unicorns or take your medication.
ǷearlꙌhite . Unfortunately for some who did work hard (and I do appreciate it) to get evidence of FAFT, after cross examining it for further verification, they did not seem to want to proceed with cross-checking it with the Directors' Meeting Register.
Also, it is part of the auditing standards (which is why I asked for further verification) to verify FAFT.
Also, which I also advised kindly to read the ICAEW of audit and assurance book.
I initiated opportunities to them to strengthen their claims. But it all fell on deaf ears.
I cannot help you all now, since now it is already academic as far as I am concerned. . 28/12/2021 6:10 PM
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
armadatuah2017
2,610 posts
Posted by armadatuah2017 > 2021-12-28 16:55 | Report Abuse
money shall be reimbursed based on last trading price to be fair