hoho....just stay positive. you are not d one in same position...many others also same mar!

ask many questions?   

maybe good sign lol............!

Deloitte, Hwang-DBS rapped for failure to discharge due diligence

KUALA LUMPUR: The Securities Commission (SC) has publicly reprimanded Deloitte KassimChan and Hwang-DBS Securities Bhd for failing to discharge their duties during the now aborted proposed reverse takeover of Ocean Capital Bhd by Pasaraya Hiong Kong Sdn Bhd.

The SC said action was taken against Deloitte in relation to its role for reporting and preparing the long-form accountants' statement for Pasaraya Hiong Kong, which contained "false and misleading information''.

In a statement yesterday, the SC said its investigation revealed that Pasaraya Hiong Kong had overstated sales by RM7.7mil. 

"Had the over-statement not been made, there would have been a significant shortfall in the profits of Pasaraya Hiong Kong, thus adversely affecting the restructuring scheme of Ocean,'' it said.

Deloitte was imposed sanctions of non-acceptance of all types of submission for six months under Section 32 of the Securities Commission Act 1993.

The SC said investigations also revealed that Deloitte Tax Services Sdn Bhd, part of Deloitte's network of firms, was fully aware of the over-statement.

"The failure of Deloitte to satisfactorily discharge its due diligence responsibility and to inform the SC of the over-statement, together with the resulting impact on the restructuring scheme of Ocean, is an extremely serious dereliction of duty,'' it added in the statement.

The SC said it also found that Hwang-DBS, as the principal adviser and which was aware of the tax investigation, had failed to make reasonable enquiries and keep track of the investigation, which would have led to information on the over-statement.

Hwang-DBS submitted Ocean's restructuring application on Nov 23, 2003, which would have involved Pasaraya Hiong Kong being injected into a new company, PHK Superstores Bhd, which would take over the listing status of Ocean.

The SC, which approved the scheme on May 13, 2004, was informed in December 2004 of the closure of Pasaraya Hiong Kong's outlets. It revoked its approval on March 29, 2005.

On Jan 16 this year, Pasaraya Hiong Kong managing director Yap Kim Seng had pleaded guilty to providing false information to the SC. He was sentenced to two years' jail.

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umm...i normally pay by credit card....
haha...we talked about this issue few posts before ...hehe

ya,correct...

husband and wife each is entitled one exemption and no matter married or not also got untill he/she claimed....

So, now u r still in audit line ?? U already get ur ACCA ?? U r X- Tarcian ?? My adv Diploma only 2.7!!

Can introduce which Commercial Firm more appreciate accounting staff by offering a better salary range?? Many see Accouting staff as a Reporting body, not a Cash Generator like Sales or Production,
Accountant salary also RM 4K or less than that, I m not sure whetner I m suitable in this line.

Xcrue, U r in KL ?? Mind to share ur workload ?? U in charge receivable or payable?? I can not claim OT one nor allowance, how about u ??
Basic RM 800?? Ur area are sabah & Sarawak??
What is C.A , Certified accountant???
Impossible an accountant get a salary less than 3K la.

I still remember I ask for RM1.5K for a commercial firm, he said TOO HIGH, this is JB and KL rate