News about KPMG

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.

KUALA LUMPUR (Nov 30): Ikhmas Jaya Group Bhd’s independent auditor Messrs KPMG PLT has highlighted material uncertainty on the group’s ability to continue as a going concern after reviewing its interim financial statements.

KUALA LUMPUR (Nov 8): The auditors of 1Malaysia Development Bhd (1MDB) namely KPMG and Deloitte did not raise any substantial issues on the credibility of PetroSaudi International Ltd (PSI) to the board of directors, said former 1MDB chief executive officer Datuk Shahrol Azral Ibrahim Halmi.

KUALA LUMPUR (Oct 17): The High Court today ruled that the Malaysia Institute of Accountants’ (MIA) Disciplinary Committee cannot make public the findings of its investigations on Deloitte PLT partner Ng Yee Hong in relation to his audit of 1Malaysia Development Bhd’s (1MDB) accounts for 2013 and 2014.

KUALA LUMPUR (Aug 21): A high-level meeting of government officials is believed to take place as soon as tomorrow to map out the plan on the highway concessions in the country moving forward.

KUALA LUMPUR (Jan 26): Deloitte and KPMG are being probed by the Securities Commission (SC) (pictured) over their role in the 1MDB scandal, reported the South China Morning Post (SCMP) yesterday.

KUALA LUMPUR (Jan 14): The Inland Revenue Board (IRB) today confirmed it has formed a task force to scrutinise and investigate unexplained extraordinary wealth, such as luxury goods, jewellery, handbags and property possessed by individuals.

PETALING JAYA (March 31): Perda City Mall — formerly known as AEON Seberang Prai City Shopping Centre — has been put up for sale, with industry sources saying the 10-year-old shopping centre could fetch between RM300 million and RM500 million, reported The Edge weekly.