tag:blogger.com,1999:blog-293986270107200488.post4072005850635997797..comments2024-03-19T05:51:53.847+08:00Comments on Life of Annie: Serba Dinamik vs KPMG: A classic case of deluded high and mightyAnniehttp://www.blogger.com/profile/17665536033017767690noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-293986270107200488.post-14528837962254937712021-07-10T17:04:37.432+08:002021-07-10T17:04:37.432+08:00If you are a bodyguard and saw your employer kills...If you are a bodyguard and saw your employer kills somebody. Do you keep quite and coverup or go to authority. Fikir lah. Any profession have code of ethics.. auditors are bound to report to regulatorAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-293986270107200488.post-19146791560190029282021-07-01T13:20:41.260+08:002021-07-01T13:20:41.260+08:00EPF was a majority shareholders SD. They sit in th...EPF was a majority shareholders SD. They sit in the board of SD and have inside info to SD account. If they are smart enough to reduce their shares holding who do you think telling is telling the truth. Suing the auditor is just side show. EPF knows the truth and they have sold down. So don't be stupid and follow epf.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-293986270107200488.post-21074607865095753182021-06-30T21:47:32.455+08:002021-06-30T21:47:32.455+08:00some transaction nature may not hv clear classific...some transaction nature may not hv clear classification, for eg capital vs revenue expenditure, the inexperienced audit manager might hv valid justification to disagree with auditee treatment, however most of the time, its the partner that have the final say because he is one that sign off the acct, n he bear the consequences of risk. thus the experience is more on risk assessment rather than the acct or audit knowledge in many cases.<br /><br />the boys n girls, which some here label as young prick work 18 hours a day during peak, n 22 hours a day if deadline is less than 10 days especially japs co, would be more happy if their superior are always tidak apa so that they can complete the audit n take a good sleep, anyone with some knowledge of audit knows its the partner, or kpmg top mgt that doubt sd numbers.<br /><br />and this is not a classification or treatment issue, its a matter of existence, for eg if you tell the auditor yr asset is a 20 storey building in bukit bintang, the auditor might request u to show him the building does exist, n further prove u r the legitimate owner, u cant simply show him pavilion residence in raja chulan n tell auditor case can close (just an example).<br /><br />the interesting part is all we read from the very beginning till now is mostly from sd side while kpmg is very quiet, kpmg concern, i guess, is petronas, a not that puny bumi co, n of course malay warriors like rocky n annie.HYhttps://www.blogger.com/profile/13569953968996951830noreply@blogger.comtag:blogger.com,1999:blog-293986270107200488.post-9201971275497712822021-06-30T18:36:19.307+08:002021-06-30T18:36:19.307+08:00just let the lawsuit does the job and the judge t...just let the lawsuit does the job and the judge to decide based on facts and evidence. as at now, we wouldnt know which side is telling the truth. SD vs KPMG, welcome to corporate malaysia. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-293986270107200488.post-88986783966661214122021-06-30T14:22:54.167+08:002021-06-30T14:22:54.167+08:00Our company too have experienced disagreements wit...Our company too have experienced disagreements with our auditors ( Top 7 as our foreign investors demand international firms)and mainly because the team sent to clients' offices are pure audit boys and girls and are not in position to understand legal agreements to determine if investors' investment is deemed loan or capital ( just an example). The matter was resolved after the partner stepped in as there is no way we can convinced an "inexperienced" audit manager, besides the suggestion that they step down .<br />As for SD, I think the biggest issue is the over RM4B recievables, as it is now more than the market cap of SD. On top of that , SD itself is a shareholder of the JV company that owes most of the receivables.How it becomes a shareholder after been awarded the contract is not fully explained in details and how this JV company is going to pay SD for works done. The other shareholder is a local there and obviously, if one follows the 1MDB case, it will ring a bell in every auditor in Msia. Every auditor is worried of the next 1MDB or even Transmile. All stakeholders are eagerly waiting for EY's independant report but may take months. The best SD could do now is to collect these receivables in next few months and show the investors that its explanations to KPMG are genuine.JohanPatinnoreply@blogger.comtag:blogger.com,1999:blog-293986270107200488.post-4269194654299110612021-06-30T12:42:07.908+08:002021-06-30T12:42:07.908+08:00Always follow your blog but first time comment, ta...Always follow your blog but first time comment, tak boleh tahan. Aiyoyo, such straight forward accounting nonconformance issues, you can turn it into racial issue. What else you can't do? If you want, you can be a highly successful politician.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-293986270107200488.post-19343802598137386042021-06-30T11:17:44.571+08:002021-06-30T11:17:44.571+08:00https://klse.i3investor.com/blogs/stockkingdom/202...https://klse.i3investor.com/blogs/stockkingdom/2021-06-29-story-h1567087996-SERBAK_AUDIT_HUSSLE_EXPLAINED_Things_KPMG_won_t_tell_you_will_never_tel.jspAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-293986270107200488.post-48072850722014613912021-06-29T22:11:41.003+08:002021-06-29T22:11:41.003+08:00Something smells fishy here? Wht is going on?
Au...Something smells fishy here? Wht is going on? <br /><br />Auditors/Accountants are humans too just like the FROGGY MPs.. jumping from ponds to ponds.<br /><br />Otherwise masakn PH, within such short term in power was able to swiftly sell off macam segala harta such as IHH, Tabung Haji, Boustead etc etc etc etc etc<br /><br />Professor Nasi LemakUnknownhttps://www.blogger.com/profile/16323427683126405023noreply@blogger.comtag:blogger.com,1999:blog-293986270107200488.post-9261476444130634592021-06-29T16:49:29.949+08:002021-06-29T16:49:29.949+08:00Saya petik dari blog Dato' Ahiruddin...
"...Saya petik dari blog Dato' Ahiruddin...<br /><br />"I think it's time for corporations to fight back. For too long, they have abused their positions. Some have even held companies to ransom. Good time for the Big Four to burn."herman adnanhttps://www.blogger.com/profile/06700921917705988777noreply@blogger.comtag:blogger.com,1999:blog-293986270107200488.post-14486061148819174422021-06-29T15:43:09.143+08:002021-06-29T15:43:09.143+08:00You think and act like a racist. Figures are color...You think and act like a racist. Figures are color blind.LimYhttps://www.blogger.com/profile/10789616131566231945noreply@blogger.comtag:blogger.com,1999:blog-293986270107200488.post-36099048609945038322021-06-29T14:54:32.233+08:002021-06-29T14:54:32.233+08:00Good metaphorical description. Good metaphorical description. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-293986270107200488.post-74291053065396910022021-06-29T14:18:17.727+08:002021-06-29T14:18:17.727+08:00I like the word Young Prick. I like the word Young Prick. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-293986270107200488.post-62597060234420814372021-06-29T13:40:50.577+08:002021-06-29T13:40:50.577+08:00make it a racial issue like usual. still same same...make it a racial issue like usual. still same same after all this years. change your maxim from 诚正 to 虚伪 la.HYhttps://www.blogger.com/profile/13569953968996951830noreply@blogger.com