News about KPMG

KUALA LUMPUR (Nov 15): 1Malaysia Development Bhd (1MDB) ex-chief executive officer (CEO) Mohd Hazem Abdul Rahman told the High Court here on Monday that former prime minister Datuk Seri Najib Razak had pressured the Malaysian government-owned company to remove KPMG as 1MDB's auditor after KPMG refused to conclude the audit of 1MDB's 2013 financial statements.

KUALA LUMPUR (Sept 17): KPMG PLT confirmed that a settlement has been reached in the claim filed by the Malaysian government against a number of its current and former partners in Malaysia over the statutory audits of the financial statements of 1Malaysia Development Bhd (1MDB).

KUALA LUMPUR (Sept 16): KPMG Malaysia has agreed to pay a settlement of US$80 million (valued at RM333 million) to resolve all claims related to its fiduciary duties in auditing the accounts of 1Malaysia Development Bhd (1MDB) for the period of 2010 to 2012, the Ministry of Finance (MoF) announced today.

          KUALA LUMPUR (Aug 31): The contract of Cahya Mata Sarawak Bhd’s (CMS) suspended chief financial officer (CFO) Syed Hizam Alsagoof ends today (Aug 31).

KUALA LUMPUR (July 9): The government of Malaysia, its Ministry of Finance Inc (MoF Inc), 1Malaysia Development Bhd (1MDB) and various subsidiaries have filed a US$5.

KUALA LUMPUR (March 29): A year after the pandemic broke out, 45% out of 500 chief executive officers surveyed globally are not expecting things to return to 'normal' until sometime in 2022, according to KPMG PLT.

KUALA LUMPUR (March 4): The Ministry of Finance (MoF) is looking at settlements with audit firm KPMG and law firm Wong & Partners in relation to the 1Malaysia Development Bhd (1MDB) scandal, according to several sources.

KUALA LUMPUR (Sept 15): Former prime minister Datuk Seri Najib Razak had pressured former 1Malaysia Development Bhd (1MDB) chief executive officer Mohd Hazem Abdul Rahman (pictured) to request audit firm KPMG to conclude the audit of the state fund’s financial statements for 2013 despite certain irregularities it found, the High Court heard today.

KUALA LUMPUR (Aug 25): An auditor from KPMG accused of "unprofessional conduct" for refusing to furnish accounts and information relating to 1Malaysia Development Bhd (1MDB) has secured leave from the High Court to challenge the decision made by disciplinary appeal board of the Malaysian Institute of Accountants (MIA).

KUALA LUMPUR (June 24): The pandemic has disrupted the office landscape, which will face a challenging time in the months ahead, according to KPMG International’s “Real Estate in the New Reality” webinar on June 23.