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> and the plot thickens, the 1st blood join the fray

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SUSSpecial Agent
post May 27 2015, 09:29 PM

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QUOTE(differ @ May 27 2015, 09:19 PM)
It's not. If you work in a professional services firm then you will know.

Professional services firm staff have to go through independence check every year, even declare what shares you own, etc. If there is a perceived conflict, you cannot go anywhere near the engagement.

If you say conflict like this, then all the SEC chairman family members in PwC... how to count?
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how izit independence when the one who check is the son,.. how izit fair for football match get a father of one team as the referee ??... how fair izit for a judge to judge his son trial ???

i bet u dun understand conflicts of interest more...
TSnikita zuleica
post May 27 2015, 09:33 PM

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QUOTE(differ @ May 27 2015, 09:22 PM)
Yup, as much as I support opposition... sometimes I think they really never use their cow sense when they open their mouth.

It's right that they flag out all the irregularities in 1MDB, but when they start making up stuff to gain political mileage, that's just desperate.

Like that retard Charles Santiago.
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Welll here's my take

Rafizi itself was an accountant, and of coz he well knw on how the 2 different entites work on.....

But as a Politician , he see this as an opportunity ,

Do you think publics care whether Najib's son working in consultation or auditing ??


SUSGoldenHorn
post May 27 2015, 09:34 PM

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QUOTE(CaptainAmerica @ May 27 2015, 09:15 PM)
bodo opposition dont know how professional service punya independence issue works
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biasa la pembangkang. sometimes jadi pembangang also.
differ
post May 27 2015, 09:44 PM

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QUOTE(Special Agent @ May 27 2015, 09:29 PM)
how izit independence when the one who check is the son,..  how izit fair for football match get a father of one team as the referee ??... how fair izit for a judge to judge his son trial ???

i bet u dun understand conflicts of interest more...
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You still too stupid to understand that the son is not involved in the audit at all...?

Nizar in consulting, not in audit. Nizar not involved in any way in the audit of 1MDB. Faham?



differ
post May 27 2015, 09:48 PM

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QUOTE(nikita zuleica @ May 27 2015, 09:33 PM)
Welll here's my take

Rafizi itself was an accountant, and of coz he well knw on how the 2 different entites work on.....

But as a Politician , he see this as an opportunity ,

Do you think publics care whether Najib's son working in consultation or auditing ??
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Of course, got blunt needle also will use to cucuk la...
Politics memang macam ni...

See how the rat in Subang can become Splinter...
SUSeksk
post May 27 2015, 09:54 PM

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QUOTE(CaptainAmerica @ May 27 2015, 09:15 PM)
bodo opposition dont know how professional service punya independence issue works
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professional macam arthur anderson audit enron?
differ
post May 27 2015, 10:13 PM

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QUOTE(eksk @ May 27 2015, 09:54 PM)
professional macam arthur anderson audit enron?
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Dey pantat, you do know that in 2005 the Supreme Court overturned all charges against Arthur Andersen in the Enron case?
SUSeksk
post May 28 2015, 08:27 AM

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QUOTE(differ @ May 27 2015, 10:13 PM)
Dey pantat, you do know that in 2005 the Supreme Court overturned all charges against Arthur Andersen in the Enron case?
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where are they now? so you mean the audit by Arthur Andersen all above board? that its okay for them to somehow miss all the mismanagement by Enron? so you have just prove my point... an unqualified audit doesn't do squat at proving there is no mismanagement, fraud etc..
ivanayeen
post May 28 2015, 08:50 AM

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QUOTE(differ @ May 27 2015, 09:44 PM)
You still too stupid to understand that the son is not involved in the audit at all...?

Nizar in consulting, not in audit. Nizar not involved in any way in the audit of 1MDB. Faham?
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agree its not Nizar fault .. but the other signing partner was just too greedy and basically screw Nizar on this since it will be seen as a scandal ..

Professional conduct rule = you don't only act professionally but also portray professionally
ozak
post May 28 2015, 08:51 AM

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Look like got more skeleton hide deep inside the cupboard.
zeroonetwo
post May 28 2015, 08:58 AM

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My former colleague. Honourable dude who lives honestly, away from his father and step mother's influence. Tak yah lah bash Babi buta.
noien
post May 28 2015, 09:02 AM

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QUOTE(differ @ May 27 2015, 09:25 PM)
And think about it logically la...

if 1MDB really leverage Nizar position to get a favourable audit result, then why have EY and KPMG as the previous audit firms?

Why not just appoint Deloitte right at very start?
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they wanted EY and PWC but in the end, their acc is too good to be true and too much songlap i guess. that is the reason they only do for a year then give up.


darkplacid
post May 28 2015, 09:04 AM

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For me this is conflict of interest. Heck even my company says that if you have a vendor company with a family working in it and is working for my company, i have to report under conflict of interest. So how is this not a conflict of interest? Please explain. I read and all excuses is he was not involve in 1mbd. HOW THE HELL YOU KNOW? I go home eat with my dad and he ask me to cover up you know ar? As long as the company has a family members it is considered a conflict of interest already. Case close. Whether a not it effected the results of the audit is yet to be determine. (But history in Malaysia says it will not happen)
shadow_walker
post May 28 2015, 09:52 AM

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QUOTE(differ @ May 27 2015, 09:44 PM)
You still too stupid to understand that the son is not involved in the audit at all...?

Nizar in consulting, not in audit. Nizar not involved in any way in the audit of 1MDB. Faham?
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kuat kerja bang dalam thread nih...kah3 brows.gif brows.gif icon_idea.gif icon_idea.gif icon_idea.gif
Benzodiazepines
post May 28 2015, 10:00 AM

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QUOTE(differ @ May 27 2015, 09:25 PM)
And think about it logically la...

if 1MDB really leverage Nizar position to get a favourable audit result, then why have EY and KPMG as the previous audit firms?

Why not just appoint Deloitte right at very start?
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because EY & KPMG smell shit and runaway, Deloitte have to eat dead cat.
unknown warrior
post May 28 2015, 10:06 AM

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LOL.


differ
post May 28 2015, 04:05 PM

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QUOTE(eksk @ May 28 2015, 08:27 AM)
where are they now? so you mean the audit by Arthur Andersen all above board? that its okay for them to somehow miss all the mismanagement by Enron? so you have just  prove my point... an unqualified audit doesn't do squat at proving there is no mismanagement, fraud etc..
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By the time the Supreme Court overturned the conviction, the damage had already been done - with most country member firms having joined either Deloitte or E&Y. Do you understand what it means when the Supreme Court overturns a conviction?

Arthur Andersen is still around, especially if you go to their Q Center in Chicago (the former bastion of AA).

That's why, kalau tak faham or tak tahu anything... don't just quote sensational headlines and pretend like you know squat.
differ
post May 28 2015, 04:10 PM

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QUOTE(shadow_walker @ May 28 2015, 09:52 AM)
kuat kerja bang dalam thread nih...kah3  brows.gif  brows.gif  icon_idea.gif  icon_idea.gif  icon_idea.gif
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It's not about kuat kerja or anything. I memang believe that this 1MDB is a big pile of tahi lembu waiting to explode...

But then spreading misinformation to gain political mileage just shows that opposition sama je dengan BN when it comes to dirty politics... macam that retard Santiago who post Thai pictures and say it is in Perlis.

The problem with misinformation is that you will manage to sway the stupid majority, and that's how BN has been getting away with leading this country into the ground for the last few decades.
differ
post May 28 2015, 04:16 PM

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QUOTE(noien @ May 28 2015, 09:02 AM)
they wanted EY and PWC but in the end, their acc is too good to be true and too much songlap i guess. that is the reason they only do for a year then give up.
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EY signed the accounts in FY2010.
QUOTE(Benzodiazepines @ May 28 2015, 10:00 AM)
because EY & KPMG smell shit and runaway, Deloitte have to eat dead cat.
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EY signed FY2010.
KPMG signed FY2011 and FY2012.

Deloitte signed FY2013.
Note that Deloitte were the first auditors who highlighted the 'interesting' transactions, e.g. the RM5b transferred to overseas accounts.

TheSecRet
post May 28 2015, 06:05 PM

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Auditor practice independence la.

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