Kim TJ's comment on RENEUCO. All Comments

Kim TJ
3 Like · Reply
Independent review finds transactions are supported by relevant documentation, confirmed by respective parties.

Tuesday gap up and start biz =)
Jacklin Tan
old trade receivables and payables saja cannot determine sebab tak dpt 2 dokumen yg diperlukan oleh Auditor
Like · 4 months · translate
M KFooD
yeep true. ... auditor not hepi...demand high fees or disclaimer report...hahaaa.. must hve tussle or auditor revenge ....likely cos SIR report otherwise.. auditor trying to...dot dot. company
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M KFooD
auditor intention ? fiduciary obligations? look at the damage done by auditor..... company to look drag auditor to court ??? pay for the damages. .....
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The Undertaker
Special independent reviewer auditor Messrs UHY FLVS had obtained sufficient documents to verify the veracity of transactions highlighted by external auditor. External auditor however, said the completion of evaluation impeded by time limitations.
Another word, not enough time to finish the audit to form an audit opinion.
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2 Like · 4 months · translate
M KFooD
why not enough time? auditor competency questionable or compnay not giving cooperation .... but in contradict to SIR findings... so how?
2 Like · 4 months · translate
M KFooD
smell tussles brewing between auditor and compny...they re not in good terms as if
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Kim TJ
Director sold he/she. You can’t think 1 reason only. Going to die? Or
All his money?he dont want take a risks. Just left his real funds to gamble. Or many reasons. Don’t think only about to sink. We see on Tuesday and lets price talk.
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M KFooD
margin call
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vox
UHY is the ao called independent auditor. hehe..try ask your auditor or accountant friends on UHY past records. they are even under AOB monitoring.
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vox
no wonder aljefri didnt want to rely on UHY “independent” report
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vox
sir given to auditor but auditor needs more time to verify what is claimed by UHY. no need rocket science to guess what auditor need more time
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The Undertaker
The information were shared amongst independent reviewer and external auditor. The report were only received weeks before deadline, if you are an auditor would you simply sign before access all the information you have in hand? If you talk about science you should ask why auditor signed and the previous annual reports. Don't they verify the documents with the companies those years? Hahaha. Problems or not leave SC or bursa to reveal not you and me.
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3 Like · 4 months · translate
Jason Wong
Vox. . Even big4 also can make mistakes like lately kpmg uk. So past bad records don't mean their job is 100percent unreliable. If made mistakes again u think they not worry aob or sc reprimand them or worse get their audit license suspend??
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2 Like · 4 months · translate
Alan Tam
@undertaker normally sir scope requested by auditor mean all the responsibilities by the independent auditor
2 Like · 4 months · translate
Alan Tam
But i agree with with you that auditor raised the veracity of revenue and costs from mostly from the older AR they signed. I think thats why they need SIR. Sometimes auditor team can be different despite from same audit firm lolz
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2 Like · 4 months · translate
Jacklin Tan
their new upcoming projects have been verified and certify as genuine. the only issue was the old impairment which they did with 125mil. that was the one Auditor unable to give opinion as there was 2 more documents unsubmitted. As for SERBA DIMANIK, most of their projects were not verified followed by accounting issues and shoplots. Then followed by bonds issuance and expired and unable to make payment. It was HUGE issues followed by one another.
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5 Like · 4 months · translate
Jacklin Tan
Serbadk and Reneuco is completely DIFFERENT CASE!
2 Like · 4 months · translate
The Undertaker
Technical Due Diligence and Cost-Performance Review (“Technical Due Diligence”)
on three (3) local projects
Auditor requested these reports but in the announcement submitted by Reneuco that three projects were identified and proven genuine by independent reviewer. Wonder what are the two outstanding reports?
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2 Like · 4 months · translate
Christ Goh
Karim knew this would happen and thus he exited long time ago
1 Like · 4 months · translate
Kopi Caramel
马后炮。。。。。。。。。
1 Like · 4 months · translate
M KFooD
qaremm was ousted...forced to exit
2 Like · 4 months · translate