Securities Commission probing KPMG, Deloitte over 1MDB

Published: Jan 26, 2019 1:42 AM | Updated: Jan 26, 2019 3:26 AM

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Actually the SC itself is in need to be investigated! Malaysia Truly Dejection.

kong siew lian11:14 AM, 27 Jan 2019

Still investigating? The partners would have taken their shares and cabut lari..do slow the action.

bey bun kiat04:38 AM, 27 Jan 2019

MIA is missing in action. Haha.

bey bun kiat04:36 AM, 27 Jan 2019

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Actually the SC itself is in need to be investigated! Malaysia Truly Dejection.

kong siew lian11:14 AM, 27 Jan 2019

Still investigating? The partners would have taken their shares and cabut lari..do slow the action.

bey bun kiat04:38 AM, 27 Jan 2019

MIA is missing in action. Haha.

bey bun kiat04:36 AM, 27 Jan 2019

Crooks and conmen defending crooks and conmen, all for money. Deloitte and KPMG should have been closed long ago for massive fraud cover-up, just like Arthur Anderson and Enron. MIA is a total fraud, collecting RM30 MILLION every year from members and having 200 odd staff but cannot complete an investigation for 3 years since Tony Pua made the complaints complete with documents plus so many reports on 1MDB.

Guanokarno03:44 PM, 26 Jan 2019

Is SC looking at Felda as well?

gan ah tee09:55 AM, 26 Jan 2019

Although one can say that actions taken now on auditors are better late than never, we should reflect the events leading to the 14th GE. Everyone single one of the agencies or firms connected to 1MDB chose to remain silent. There was cross the board embargo on opinions, indeed reverse actually took place. We have one or two inclduing the 1MDB chief executive openly assured the public of its financial soundness but we all know how dishonest they ahve been. Audit firms are commercial driven, they are bound by their own rules and standards. They too demonstrated a herd mentality by not saying anything adverse so as they protect their interests. The regulatory body MIA was equally bad. They chose to pick on small firms to remain relevant. Today if the government wants to find fault the entire firms, individuals along the supply chain should be investigated and charged. But this involves thousands, and in teh final analysis despite of all the rhetoric we can only accept ethical standards have its limits and these are only relevant when situation suits the parties. This can only meant that public interest is only secondary in the minds of many.

yonghiokwong08:02 AM, 26 Jan 2019

Asides SC and MIA , SSM is also another body that hauls up auditorsd for queries on audited accs. The fact that 1MDB never submitted past many year's accs, nothing had been done by SSM on this! When a Chinaman co fails to submit accs on time, SC will be at their back and call demanding reasons and issuing summons straight away! SSM needs to explain!

Chloe Chua07:47 AM, 26 Jan 2019

This should be good enough a reason to appoint more accountants into MACC and many other GLC's, GLIC's, Statutory bodies rather than using lawyers as heads and members of these bodies

Chloe Chua07:44 AM, 26 Jan 2019

I hope that stern actions taken up on the particular partner and all partner's of the accounting firms involved, including the lawyers, external Counsel rather than shaming and naming the lowest level executive of these organisations! Ranjit Singh was never fit for the job, not an accountant to start off, neither is teh current SC head!

Chloe Chua07:43 AM, 26 Jan 2019

For all good intent and purposes, SC should be investigating PwC, the biggest benefactor in the Malaysian Corporate Economy!

Chloe Chua07:39 AM, 26 Jan 2019

MIA has different rule for audit firm in so called quality control. Smaller firms are selected for Practice Review by MIa but big firms enjoy Peer Review. I think is time to have the same rules.

Kw Chong06:56 AM, 26 Jan 2019

Why is the Finance Minister not reviewing the practising licenses of all MIA Council members who are covering up the KPMG and Delloite partner accountants who gave dishonest audit certificates for 1 MDB in return for huge disprortionate fees? Their conduct could even be considered criminal as accessories after the fact to the massive criminal misappropriation.

Michael Ang06:19 AM, 26 Jan 2019

What reward did the ex Chairman received I wonder to look the other direction.

Chong Siew Peng06:10 AM, 26 Jan 2019

STAFF ENOUGH PERSONNELS IN MACC FOR THE LONG AND MICRO INVESTIGATION OF CORRUPTIONS AND MISUSED OF POWERS. LONG LIVE PH GOVERNMENT.

Kit P05:49 AM, 26 Jan 2019

The head of prosecution of SC at that time was made a high court judge by najib just before GE. Reward?

tan boon poh05:02 AM, 26 Jan 2019

Concluded is RS Ranjit Singh or Rashpal Singh as both are sahabat karib

Chong Siew Peng04:51 AM, 26 Jan 2019

The big Cheating 5 as they are known today. Every audit they have done in the last 25 years needs to be re- examined. local auditing firms are asked to be night soil pickers while these top 5 are the enjoying cocktails. This is thanks to our 'Unregulators' like the SC, MIA,ect. Why is RS not being investigated for complicity?

Alicia Lee Chiau Chze04:47 AM, 26 Jan 2019

What happened to the investigations by MIA? Really Missing In Action! ?

Augustine Paranabas04:40 AM, 26 Jan 2019

In fact both accounting bodies the MIA and Australian CPA should question Ranjit Singh

Chong Siew Peng04:10 AM, 26 Jan 2019

The Ex Chairman Ranjit Singh should be asked why did he not initiate any investigations during his tenure

Chong Siew Peng04:08 AM, 26 Jan 2019