AME Elite Consortium appoints Tan Teck Eng as group CEO
Tan, 46, started his career with KPMG Malaysia in 1999 after his graduation from University of Technology, Sydney, Australia.
Landmarks' auditor flags group's ability to operate as going concern
The auditor, KPMG PLT, noted that financial statements indicated that the group incurred net losses of RM43.
UHY appointed as Ivory Properties' auditor following KPMG's resignation
The former auditor highlighted that the company recorded a net loss of RM79.
Ex-1MDB CEO says pressured by Najib to change auditor
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.
KPMG says settlement with Malaysian govt over 1MDB audit will enable all involved to move forward
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).
KPMG to pay RM333m to Malaysian govt for 1MDB settlement — MoF
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.
Cahya Mata's suspended CFO’s contract ends
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).
1MDB and Malaysian government sue KPMG partners for US$5.64b
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.
Majority of CEOs don’t expect a return to ‘normal’ until 2022 — KPMG survey
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.
MoF looking at 1MDB settlements with KPMG, Wong & Partners — sources
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.
