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wish serba would sue them till they bankrupt. too many financial scandal surrounding the auditor. they have been sued many times over negligence and malpractice. in the US, UK also many company sued kpmg dy. the auditor very problematic wan. why do we the small time investors have to take tanggung all the loss made by the auditor. they come out with baseless flags then our shares drop. zzzz
rightttt, who in theyre right mind dont want to sue the audit company which has led a loss for almost RM4b in valuation. they should have sue kpmg to the ground. they audit standard is also childs play. how could you conclude or verify something just by meeting with few receptionist and use "true caller" app to verify? thats like a scammer wanting to find phone number of their vicitms zzz
make sense lah they want sue kpmg. negligence in upholding their role as auditor. i mean how can you keep on silence even after your client ahs reverted to you back several times. they didnt even want to meet the clients then suddenly the come out with findings. something fishy going around with kpmg lah i think. no wonder petron and mbsb all want change auditor to pwc
got news lah come out just now. they change chairman want to help expediate in resolving the kpmg audit issue. positive move lah i guess. hopefull price rebounce back lah later
the independent chairman move to expediate the issue. EY also there to assess kpmg findings. no bias move lah i think. zzz got read on tele group got issue with top management of serba. say got internal struggle. someone was arrested over the kpmg issue and got faction want to topple pak karim. waiting for more positive news updates lah push price back up.
another step foward for serba. hopefully this will translate towards a more positive way and effectively resolve the audit issue. if not how laa to eat kfc like thiss
thats why lah. sometimes i think they lack professionalism lah. even when client revert back, they dont response. they extract wrong address then come out with their finidngs. problematic lah the ppl there from kpmg. hope ey comes out with proper accurate findings
