SD worry no enough time submit annual report... they need find solution asap..one of they way pay higher money ask new auditor audit asap

If BD0 finally found no problem at all, they already contact and verify all suppliers, customers are real.
SD can submit annual report to bursa..

Remove nothing wrong, they need submit report to bursa... kpmg keep no reply.. sd also worry

That why..win win is the best.. kpmg sd duduk sama sama discuss how to solve

Sd loss market confidence,,,listed company worry kpmg audit way..

u blame me , i blame u... both loss

kpmg do the good jobs but customers sometimes got difficulties need help ma...duduk sama sama discuss

kpower business different, mustakim....

u can go site and see ur own eye project on progreaa.. they are project base company.. fixed asset sure low..



..f

1.5-1.61

Accounting mess
THE accounting issue of Serba Dinamik Holdings Bhd has taken a twist after a substantial shareholder proposed an EGM to oust current auditor KPMG PLT and appoint BDO PLT.But late yesterday night, Serba Dinamik issued a statement responding to queries the stock exchange had raised. It answered various questions that were brought up by KPMG. Much of the issues raised by KPMG surrounded the transaction details, customer verification, and on receivables as well as payments, which involved large sums of money.
“The board is targeting to appoint an independent firm to review the accuracy and veracity of the matters highlighted by the external auditors as stated above in June 2021. In conjunction, the scope of the work in relation to the above shall be finalised accordingly, ” Serba Dinamik tells Bursa Malaysia.
“The company is setting up an independent committee to manage and handle the matters in relation to the independent review, that will report to the board of directors. The composition of this committee will mainly comprise of non-executive directors, legal advisers, internal auditors, company secretary and representative of the management.”
Serba Dinamik says it is not able to substantiate the financial impact pending the review by the independent firm.
“The company takes the view that there is no issue with regard to the legitimacy and existence of the contracts as well as the value that will render any material impact to the financial and operational aspects of the group for the financial year ending June 30,2021, ” it says in the statement.
With so many questions raised and now a proposal to remove the auditor that raised such questions, the findings of an independent review will take on great significance for the company and its shareholders.
The importance of the role of auditors cannot be diminished. The accuracy of the job they provide is the link between investors and shareholders to ascertain the true and accurate reflection of a company’s accounts.

maybe monday 1.61 got big support from boss and kwsp kwap...

kwsp kwap big shareholder, as long as they believe sd.. they will sapu.. see monday their reaction

i think kpmg marah coz sd tdk bantu..skrg issue jadi besar, baru cakap bantu

sd maybe too proud...

sometimes u think u r big elephant.. but finally u kill by ants

finally both loss

they think this is auditor jobs..

@taco89 yes sb also problem..must cooperate with auditor.. sometime they dont care..

1.31x4 = 4.24.. before split....cheap

panic selling..

small investors like us easily emotional...

if delay report, investor also takut

if u are boss, auditor no reply and u need submit report..how u do?

change auditor actually very common la..u can check ur company too...depend on service

kpmg issue on customer.. kpower customers mainly government.

their client.. tenaga,malaysia gov, national electricity authority...

this project tipu?

KPower has secured four new renewable jobs with a combined value of RM510mil as follows:

1) Design and engineering, procurement, construction and commissioning (EPCC) of an 18.7MW mini hydro power plant in Sg Jelai Kecil, Pahang (RM199.2mil);
2) Design and EPCC of a 13.9MW mini hydro power plant in Sg Telom, Pahang (RM148.0mil);
3) Design and EPCC of a 12.0MW mini hydro power plant in Sg Lemoi, Pahang (RM127.8mil); and
4) Design and EPCC of a 5.25MW mini hydro power plant in Sg Kampar, Perak (RM35.0mil).

All the projects have a construction period of 24 months

kpower totally different from serba

kpower lss4, hydro project, all malaysia project u can check on site..

50 sen la

management bring auditor meet customers and verify lor.. how they do in past few yr with sd? i think this issue not today happended...

sit down , 1 by 1 ask management to verify, sd need submit report to bursa, delay also problem ma.. keep no reply or dont want reply, auditor also problem

both got problem

communication issue la

kpmg must go discuss and ask serba solve the problem together, together check again..but no reply become the problem..

KUALA LUMPUR: Serba Dinamik Holdings Bhd said it has responded to all accounting queries on transactions totaling about RM4bil raised by KPMG, but the external auditors have yet to revert back to the company.
Serba Dinamik also told the stock exchange today that the company has given its full cooperation to address the audit concerns and assured investors that all its businesses are run by the book.


Hence, the company is appointing an independent firm to review the accuracy and veracity of the matters highlighted by KPMG.
"The Company takes the view that there is no issue with regards to the legitimacy and existence of the contracts as well as the value that will render any material impact to the financial and operational aspects of the Group for the financial year ending June 30," Serba Dinamik said in a late filing with Bursa Malaysia on Friday.
Shares in Serba Dinamik were suspended since Thursday after the company said on Wednesday that its external auditors have flagged concerns over some matters relating to statutory audit.
The audit uncertainties have triggered a wave of downgrade on the stock by analysts, while other companies related to Datuk Seri Mohd Abdul Karim Abdullah - KPower Bhd and Sarawak Consolidated Industries Bhd tumbled under pressure.
Serba Dinamik, in a reply to the stock exchange query on Friday, provided some details regarding the audit concerns raised by KPMG, as well as steps taken by the company to address the all issues.
Serba Dinamik said it has reverted back on all queries raised mainly by KPMG on May 3 within three days, including providing the necessary information such as contact details of the relevant parties as requested by the external auditors to satisfy their extended procedures requirements.
The company said that it has also attempted to engage with the external auditors to resolve matters on hand.
Meanwhile, earlier today, Serba Dinamik said that one of its director and major shareholder is calling for an EGM to replace KPMG as its external auditor for the financial year ending June 30, 2021.

KUALA LUMPUR: Serba Dinamik Holdings Bhd said it has responded to all accounting queries on transactions totaling about RM4bil raised by KPMG, but the external auditors have yet to revert back to the company.
Serba Dinamik also told the stock exchange today that the company has given its full cooperation to address the audit concerns and assured investors that all its businesses are run by the book.


Hence, the company is appointing an independent firm to review the accuracy and veracity of the matters highlighted by KPMG.
"The Company takes the view that there is no issue with regards to the legitimacy and existence of the contracts as well as the value that will render any material impact to the financial and operational aspects of the Group for the financial year ending June 30," Serba Dinamik said in a late filing with Bursa Malaysia on Friday.
Shares in Serba Dinamik were suspended since Thursday after the company said on Wednesday that its external auditors have flagged concerns over some matters relating to statutory audit.
The audit uncertainties have triggered a wave of downgrade on the stock by analysts, while other companies related to Datuk Seri Mohd Abdul Karim Abdullah - KPower Bhd and Sarawak Consolidated Industries Bhd tumbled under pressure.
Serba Dinamik, in a reply to the stock exchange query on Friday, provided some details regarding the audit concerns raised by KPMG, as well as steps taken by the company to address the all issues.
Serba Dinamik said it has reverted back on all queries raised mainly by KPMG on May 3 within three days, including providing the necessary information such as contact details of the relevant parties as requested by the external auditors to satisfy their extended procedures requirements.
The company said that it has also attempted to engage with the external auditors to resolve matters on hand.
Meanwhile, earlier today, Serba Dinamik said that one of its director and major shareholder is calling for an EGM to replace KPMG as its external auditor for the financial year ending June 30, 2021.

kpmg worry 1mdb case happened again.. they dont simply accept..

i think BOD can do better jobs than kpmg...different auditor hv different way get the information during audit

scib boss sapu 4.8m share

dont worry la.. u people throw.. boss , epf sapu

boss will buy

i think will back to.1.50 level

new auditor..no experience

qr loss lagi...aduh

monday limit up

need time to verify..but mco

management explained very detail...good...