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THE powers and duties of an auditor are clearly defined under Section 266 of the Companies Act, 2016. Here, the law states that an auditor has a statutory duty to report to members with regards to the financial statements, company’s accounting and other records related to those financial statements
KUALA LUMPUR: Another judicial commissioner has recused herself from presiding over a lawsuit filed by 1Malaysia Development Bhd (1MDB) against former prime minister Datuk Seri Najib Razak and 14 others.
PETALING JAYA: Serba Dinamik Holdings Bhd’s independent non-executive directors have expressed concerns about the current situation relating to the audit issues flagged by the external auditor.
Serba Dinamik Holdings Bhd's independent non-executive directors had on Thursday expressed their concern over the situation relating to the issues raised by the company's auditor.
Serba Dinamik Holdings Bhd has appointed an independent firm to assess the veracity and accuracy of matters raised by its external auditor and to report the results of the assessment to an established independent committee.
BANDAR SERI BEGAWAN (Borneo Bulletin/ANN): Minister of Home Affairs Pehin Orang Kaya Seri Kerna Dato Seri Setia (Dr) Awang Abu Bakar Apong emphasised the potential of Islamic finance to activate socio-economic advancement, as the financial returns generated also entail positive social and environmental impact.
KUALA LUMPUR: A notice to convene an EGM to remove KPMG as auditor has been withdrawn by a major shareholder of Serba Dinamik Holdings Bhd, as two of the top five shareholders in Serba Dinamik said they were concerned by developments at the Malaysian oil and gas services group, which is under investigation by the country’s securities regulator.
KUALA LUMPUR (Reuters) - Two of the top five shareholders in Serba Dinamik Holdings on Wednesday said they were concerned by developments at the Malaysian oil and gas services group, which is under investigation by the country's securities regulator.KUALA LUMPUR: Malaysian state-linked fund management company Permodalan Nasional Bhd (PNB) has expressed "deep concern" about the issues at Serba Dinamik Holdings Bhd , which is facing an investigation over unverified contracts.
Issues raised by KMPG should be seen as a red flag with wide and far-reaching consequences.