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Audit

Latest News, Opinion and Technical Articles for Audit.

MIA and CPA Australia releases updated guides on Company Annual Report.
Posted inAudit

MIA and CPA Australia releases updated guides to improve understanding of Company Annual Report

TheAccSense Logoby TheAccSense TeamSeptember 5, 2021September 6, 2021

The two updated guides are Guide to Understanding Annual Reports and Auditing and Assurance for Malaysia Listed Companies.

Understand who is auditor and what are their roles in the audit of company’s financial statements
Posted inAudit

Who is Auditor, and what are their Roles, Powers and Duties?

TheAccSense Logoby TheAccSense TeamJuly 3, 2021August 9, 2021

There is a misconception that auditors are part of management, simply because their fees are paid by the company. Understand who is an auditor and what are their roles in the preparation of financial statements.

Serba Dinamik has formally appointed EY as Independent Reviewer to assess the accuracy and veracity of the matters highlighted by the former external auditor, KPMG.
Posted inAudit

Serba Dinamik appoints EY as Independent Reviewer, Scope of work agreed by Bursa

TheAccSense Logoby TheAccSense TeamJuly 2, 2021August 9, 2021

Serba Dinamik has formally appointed EY as Independent Reviewer to assess the accuracy and veracity of the matters highlighted by the external auditors, KPMG.

Bursa Malaysia has given a directive to Serba Dinamik to appoint an independent reviewer by 2 July 2021.
Posted inAudit

Bursa Malaysia directs Serba Dinamik to appoint Independent Reviewer by 2 July 2021, reports directly to Bursa and SC

TheAccSense Logoby TheAccSense TeamJuly 1, 2021September 5, 2021

Bursa Malaysia has given a directive to Serba Dinamik to appoint an independent reviewer by 2 July 2021.

EY is likely to come as the independent reviewer to assess the veracity and accuracy of audit findings highlighted by KPMG in Serba Dinamik’s 2020 financial statements audit.
Posted inAudit

EY agrees to be Independent Reviewer for Serba Dinamik, with Conditions

TheAccSense Logoby TheAccSense TeamJuly 1, 2021August 9, 2021

Following the legal battle between Serba Dinamik and KPMG, EY has agreed to be the independent reviewer with few conditions to be put in place.

Serba Dinamik is taking legal action against KPMG for RM4 Billion
Posted inAudit

Serba Dinamik sues KPMG for RM4 Billion

TheAccSense Logoby TheAccSense TeamJune 30, 2021September 5, 2021

Serba Dinamik claims that KPMG has failed and/or neglected to complete the audit report until and unless a third-party independent reviewer is being appointed and addressed the findings raised.

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