Bina Darulaman said the transition “will not affect BDB’s financial integrity” as KPMG has not audited BDB’s financial reports for the financial year ending Dec 31, 2024 (FY2024).
“Their resignation was based on mutual consent to enable the company to benefit from fresh perspectives and views of another audit firm,” said Bina Darulaman.
Tan, 46, started his career with KPMG Malaysia in 1999 after his graduation from University of Technology, Sydney, Australia.
The auditor, KPMG PLT, noted that financial statements indicated that the group incurred net losses of RM43.
The former auditor highlighted that the company recorded a net loss of RM79.
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.
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