Pathetic Fallacy
SERBADK - Who caused the BLOW UP?
OrlandoWeb3AI
Publish date: Tue, 22 Jun 2021, 06:18 PM
Who?
The answer.........
The answer.................... The SC
Now... no less than the lawyer has said it..... SC has acted without justifiable grounds
Per lawyer... SC has raided Serba's office without justifiable grounds
And..... SC raided only just Serbadk's office..... how come not KPMG's??
What kind of meassage r u sending... SC?!!? What kind of -tive preception have u casted on Serbadk???
Damage RM 3b in mkt cap... valuable reputation
Posted by OrlandoOilSemiconIoT > Jun 22, 2021 8:30 AM | Report Abuse 
X
Enough damage caused by u Jz freeze
Posted by OrlandoOilSemiconIoT > Jun 22, 2021 8:28 AM | Report Abuse X
Can d the one tat caused d BLOW UP kindly jz sit stil?
Posted by OrlandoOilSemiconIoT > Jun 20, 2021 6:01 PM | Report Abuse X
U must know
KPMG innocently jz wanted more time to finish its audit
Posted by OrlandoOilSemiconIoT > Jun 20, 2021 5:47 PM | Report Abuse X
U must know
KPMG was surprised by tis BLOW UP
Posted by OrlandoOilSemiconIoT > Jun 20, 2021 6:16 PM | Report Abuse X
Is there any reasons for KPMG to go public on this?
Posted by OrlandoOilSemiconIoT > Jun 20, 2021 5:51 PM | Report Abuse X
U must know
KPMG didn't expect tis BLOW UP
Posted by OrlandoOilSemiconIoT > Jun 20, 2021 6:01 PM | Report Abuse
U must know
KPMG innocently jz wanted more time to finish its audit
Posted by OrlandoOilSemiconIoT > Jun 20, 2021 6:07 PM | Report Abuse
U must know
KPMG suggested to Serbadk to change year end so tat it has more time to do its audit
And Karim and Serbadk agreed to KPMGs suggestion
Posted by OrlandoOilSemiconIoT > Jun 20, 2021 6:08 PM | Report Abuse
Up till tis point matter still pivy between Serbadk n KPMG
No one else knows
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Discussions
Be the first to like this. Showing 48 of 48 comments
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
2021-06-22 19:41
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
2021-06-22 19:51
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
2021-06-23 11:25
KPMG
Not too late
Come out n present ur IRREFUTABLE EVIDENCE to nail Karim
Come on
2021-06-23 11:25
KPMG
Already being sued
What?
Need to wait the cows come home b4 u present ur IRREFUTABLE EVIDENCE ?
2021-06-23 11:25
Well if KPMG has IRREFUTABLE EVIDENCE now is certainly the best time to present them
Show d smoking gun and case closed
2021-06-23 11:26
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???!!!
2021-06-23 11:26
@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.
2021-06-23 12:56
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
2021-06-23 14:10
who caused the blowup? assuming Serba is innocent and their accounts are true and fair..... then it's Serba crisis management that screwed up
2021-06-23 14:31
auditors with audit points for discussions happen all the point. auditors approach audit commitee members happens all the time and follows Bursa rules
2021-06-23 14:35
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
2021-06-23 14:42
Per lawyer SC raided Serbadk premises without justiable grounds
2021-06-23 14:46
Point for SC to ponder
Next time to raid BOTH parties premises to appear impartial?
Fairer for both parties
2021-06-23 14:48
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.
2021-06-23 14:53
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??
2021-06-23 18:19
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
2021-06-23 20:40
Loosing money is one thing
KPMG shd has been more conclusive
KPMG shd not have spoken before obtaining the IRREFUTABLE EVIDENCE
2021-06-23 21:49
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
2021-06-24 08:06
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.
2021-06-24 08:19
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
2021-06-24 08:23
SD is a gone case ...no hope. Sell, no need to think twice or talk thrice.
2021-06-24 09:00
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
2021-06-24 09:40
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 :)
2021-06-24 12:46
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
2021-06-24 13:34
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
2021-06-24 14:05
Red flagging is not a problem
I only ask for IRREFUTABLE EVIDENCE BEFORE red flagging
KPMG has failed miserably on tis basic requirement
2021-06-24 14:16
Red flagging yet has d audacity to ask for change of year end to buy time to finish its audit
2021-06-24 14:22
leehenry1999 u r specimen 2 of d average man on d street influenced by KPMG
2021-06-24 14:23
KPMG had character assassinated Serbadk even whn all it has is a MAYBE
2021-06-24 14:30
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
2021-06-24 14:50
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.”
2021-06-24 18:35
Upto MAYBE as such KPMG failed to form an audit opinion tat an auditor wit IRREFUTABLE EVIDENCE conviction dare to
2021-06-24 18:38
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OrlandoOilSemiconIoT
To recover loss fr SC?
2021-06-22 18:34