I dont have any bad wishes to all comentators but wish tomolo limit up!!! hahahahhahaha....kemon sd can do it..

wow...only 2 comments by uncle...or is it the only comments he had?

suddenly no negative comments...hik hik hik

yess..yesss..go go go!

but i say good good one....how?

habislahhhhh...larikkkkk

...and there goes a police report.

zoklse Goodluck KPMG. Still remember my intern days when i being ask to assist the auditor to write their audit report because the auditor have to take care a few other project as well. feeling awkward that time but since i have to finish my internship... buat jer la. Janji dapat grade. its long time ago. I hope they become better audit company now. What eva it is.. still this SD and KPMG issue really weird and something is not right with KPMG decision to go to SC as every auditor will make sure they completed audit findings until everything close and if that issue cannot close...always go to board and management and engage with them until the issue solve or corrected. But only if everything done and still in their professional way believe that the issue cannot be close and need regulator involvement than baru they go to SC. Regulator should be the final solution if every other aspect of audit has been considered including engagement with various parties.
27/06/2021 4:23 AM
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Thanks for sharing and yes, for what has transpired so far, kpmg needs more than just luck.

Vicky https://www.nst.com.my/business/2021/06/702410/serba-dinamik-vs-kpmg-shop-lot-auditor-case
26/06/2021 2:41 PM

Thanks @Vicky!

ahhahhaaa

buy low, sell lower...

selling my neighbour's cats now

yeeehhhaaaaaa...what a ride

tomolo saturday oledi. market close.

Walaoweh very the powderful

dont worry when they make proceed/payment/settlement/transaction they'll surely go by company name and not by their bank account numbers.

Yep LLP vs L.L.P. bigggggg differenceeeee.

KLCI closes at four-month low - TheStar
KLCI slips as domestic political risk continues to drag sentiment - TheEdge

serba boleh!

wowowow

give them free ticket to horlan

sd fired kpmg or kpmg resigned? aiyo.

redflagging petty and rudemntary audit irregularities by big 4 firms like kpmg is epic and so 'TrueCalling'. Now playing victim much. so sad.

reckon EY will be paid handsomely for job well done soon.

kpmg is playing victim much.

good news or bad news or no news, it is still news. leverage, leverage, leverage.

load up sumore ammo. love to see how this plays out.

short suspended until aug

karim sudah jadi karam ka? wkakakkaa

yehaaaaa

Taking it to court gives sd a chance to set a stage for a proper deliberation of the real issues and culprits.

But for sd keep procrasting on setting up an independent reviewer on audit issues raised by kpmg is something to frown upon at this juncture.

kemon la Pekat 400% limit up for new listing..go go go!

lama pekat termnenung

no go

limit up dont gibab

bad news to audit circle if kpmg found guilty against sd for over a merely rudimentary irregularities, over reliance on dodgy phonybooks, sources and noob's audit blunders. kpmg sure saddled for good.

terkedu KPMG kene served a writ over 'rudimentaries' but negligibly blown it out as 'fundamentals' issues.

'TrueCaller' phonybook reliance, receptionist verification reliance, misread addresses and negligible contract typos"?

KPMG remains in silence.

KPMG told Reuters it will vigorously contest any court
proceedings. "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.

I find it hard to believe that KPMG blunders on these points.
'TrueCaller' phonybook reliance, receptionist verification reliance, misread addresses and negligible contract typos"?

Some of the alleged findings raised by KPMG and the immediate explanations
provided by SDHB include:
1) KPMG had concluded that several individuals who had signed audit
confirmation requests on behalf of their companies (who are SDHB’s customers
and suppliers) did not exist merely based on calling the front desk receptionist
of these companies to verify identity (some of which employ thousands of staffs.
This was despite the fact that senior members of the said companies had
subsequently confirmed the existence of these individuals and no further action
was taken by KPMG

2) In another instance involving a middle eastern foreign vendor, KPMG had
performed a site visit to verify the existence of their office and concluded that
the office did not exist.
Upon immediate examination of KPMG’s concerns, SDHB immediately
informed KPMG that the reason they did not find the office was because the
address concerned had a mix of numerical digits and Arabic letters which the
auditor misread and ultimately went to the wrong address.
Proof of the correct address and office was provided by SDHB but KPMG had
refused to verify the same.

3) When verifying a phone number of a vendor for SDHB, KPMG had placed
reliance on an open-source phonebook app called “TrueCaller” which produced
an inaccurate result towards the ownership the number.
Upon being informed of this, SDHB obtained an official telephone bill registered
in the name of SDHB’s vendor to address this concern, yet no action to verify
the same was undertaken by KPMG for reasons best known to them.

4) KPMG had also taken issue with discrepancies with IT contracts entered with
foreign vendors where in the said contract the company name concerned was
designated with an L.L.P. whereas in subsequent invoices the company
concerned designated themselves with an LLP.
The difference of these two abbreviations is akin to a company having a “Sdn.
Bhd.” and “Sdn Bhd” where these matters were not substantive in nature and
would have been easily resolved with some diligence.

While SDHB appreciates that these matters ought to be addressed by KPMG prior to
the completion of their audit report, they could have been resolved by KPMG
themselves without need of a 3rd Party independent review. We have also noted that
the entire process of audit confirmations undertaken by KPMG did not observe
international and local protocol such as not having any or adequate engagement
between KPMG and SDHB, which is a fatal mistake on KPMG’s part.

sd is right to come out strongly and swiftly to clear the air with special announcement in a pc. This shows their commitment to protect the company and its shareholders of 3.7b shares including karim himself, directors, friends, big funds and bilis alike. Legal action with highly reputable TS shafee is the way forward, bravo!

wkakakakkaa kpmg truecaller premium gold member@shopee

Kaki Putar Manyak Genster - KPMG

Kaki Putar Manyak Genster

good on sebat. neck choke KPMG the crrok

I have to agree popo92 deliberation is the best so far. One question, what is KPMG's stance now?

tommorow, LU....kikii

Wait, has EY accepted the appointment to do the independent review of the concerns raised by KPMG?

Sounds like SD has convinced themselves (hopefully investors too) and has strong conviction (and hopefully with complete evidence) that they're on the right side and would easily win the case against KPMG.

One of few interesting quotes from TS Shfee "...I found that (based on instruction) there were no substantive ground to red flag the company on those issues...so we have taken the matter to the court..."

MC Cynthia behind mask sure pretty or not?