KUALA LUMPUR: The Malaysian Institute of Corporate Governance (MICG) states the scope of independent advice to be given by Ernst & Young Advisory Services Sdn Bhd to Serba Dinamik
should be limited to issues raised by external auditor KPMG PLT.
MICG deputy president David W. Berry said on Tuesday the key factor will be the scope of the advice sought, which should be restricted to the specific audit issues raised by KPMG.
“The independent EY opinion should apply the same professional standards expected of any auditor in assessing its stance on those audit issues. Any difference will be in the weight given to the surrounding factors. This should not involve a full re-audit of the company, ” he said in a statement.
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