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Common guys, isnt that obvious that he has vested interest AHAAHAH he’s the kind of investor that has no skills other than spreading fear in the comments sections in order to collect cheap tickets. Very pathetic AHAHAHA
New auditor wont share their workdone with other auditors as different auditor have different audit methodology. The new auditor will have to conduct the audit all over again with even lower materiality, means more inconsistencies will be discovered, if any. Soyonara.
What “IF” u bought at 0.5 and it fell to 0.3? U lose 40% . Then u will ask, how much more can you lose? Answer is everything if it defaults in its payment
Serba have moved their financial YE to June. Under Bursa para 9.4, they must submit within 4 months + 1 month extension for MCO, so they will have to submit before November. Bear in mind, the reason they moved their FYE to June is because of the unresolved audit issue with KPMG since last year September (most likely , for interim audit) , they have taken around 9 months but still cannot finalise the audit report, which audit firm then without any prior year experience about Serba can conclude the audit in 5 Months with all the heightened risk and regulated parties involve now?
The worst had happened. KPMG dint even bother to give them an adverse opinion or disclaimer of opinion. In circumstances where even a qualified opinion is insufficient for the purpose of reporting to the intended users, ISA requires the auditor to resign. This is the final nail in the coffin. Next thing u need to ask is , given such a short deadline to release their annual report, which audit firm would want to accept their appointment given its already a high risk engagement ? Their annual report will be in limbo
Even if they release their QR, how credible are the figures given the integrity of the management is in doubt? Not to mention QR figures are not audited. No point waiting on QR anymore as they are no longer relevant in this state.