KUALA LUMPUR, June 23 — Bursa Malaysia has issued a query to Serba Dinamik Holdings Bhd requesting a status update and timeframe in relation to the appointment of an independent reviewer.
On June 22, 2021, Serba Dinamik sought legal action against KPMG, saying the auditor negligently red-flagged some issues, hence, the request for an independent review. In a separate statement, the Securities Commission Malaysia also clarified that it has not spoken to the chairman of Serba Dinamik as reported in the article entitled “What Serba Dinamik said on its audit issues”, which appeared in The Edge CEO Morning Brief on Tuesday.
The SC’s Audit Oversight Board also stated that external auditors play an important role in promoting confidence in the quality and reliability of audited financial statements in Malaysia. “As of June 22, 2021, the company has filed a writ and statement of claim against KPMG on the grounds of professional negligence, breach of contract and breach of statutory duty.
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