Nizar Najib, Deloitte Malaysia Corporate Finance Executive Director of Financial Advisory Services adds: “We can expect to see more local companies move up the value chain and pursue growth strategies outside Malaysia following the footsteps of our national champion, Petronas





Susulan aduan terhadap Deloitte dalam isu 1MDB, tumpuan kini beralih kepada seorang anak Perdana Menteri Datuk Seri Najib Razak, sebagai rakan kongsi dalam syarikat audit antarabangsa itu.

Nizar, anak pertama Najib, pengarah eksekutif, di perkhidmatan nasihat kewangan syarikat yang dikritik kerana pengendalian akaun 1MDB itu.

Naib Presiden PKR Rafizi Ramli, antara pengkritik paling lantang 1MDB, membangkitkan isu percanggahan kepentingan dalam perkara itu.

“Keadaan hanya menunggu masa sebelum orang ramai tahu bahawa anak sulung Najib – Nizar – rakan kongsi Deloitte (walaupun dalam unit perniagaan berbeza)," katanya.

Source msiakini


https://www.malaysiakini.com/news/299849

This post has been edited by nikita zuleica: May 27 2015, 08:15 PM

somebody take me to top oso pls.

well,... thats conflicts of interest,.. how unbias is the audit ??

No conflict of interest if he's not the audit partner signing.

don't sikit2 bash lah.

Yes different business segment,it seems the lucks werent not on his side......

Poor Najib, the opposition can simply twist this issue...

His family image alrdy tainted with Ufun scam scandal althgh his son has no tie whtsoever with them recently

it's good to be the son of a Prime Minister.

And I wonder who's gonna follow the footsteps of our current national embarrassment, Deloitte.

If I get RM1 for every scandal in Malaysia, I would be rich right now.

You really don't understand audit, or conflict of interest?

And Nizar started out in Deloitte Consulting, started from the bottom and worked himself up. Already more than 10 years with Deloitte la...

Also, Bik Mama very much sidelines the children from the first marriage wan...

You go see the newspapers from when Bijan became PM. See if you can see any of them in the "family picture" or not...

Habuk also tarak.

so auditing 1MDB which Najib is the chairman,.. is not conflicts of interest ???...

everyday new shit came out related to 1MDB, and the new shit have jibby mis face all over. How can this shameless PM stay as PM for that long???

bodo opposition dont know how professional service punya independence issue works

Tell us how local companies can compete in international market when everything we import got tax + GST, then when sell overseas another tax + GST, and not including the First World rate on shipping from a 3rd World country like Malaysia.

When Chinaman can sell an item for rm1 including shipping, how do you compete when you cheapest postage is already rm10?

Malaysia companies can only feed on Local Market, that is why when Malaysia economy is bad, all price goes up. When overseas economy is bad, Malaysia price also go up.

Competitive my @ss.

This post has been edited by advocado: 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?

This is not an issue since he's not the audit engagement partner for 1mdb and furthermore, he's in consulting, not audit.

Totally different.

In msia, professional independence means shiat when the people in power wills it

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.

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?

Business sudah takdah ke?

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...

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 ??

biasa la pembangkang. sometimes jadi pembangang also.

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?

Of course, got blunt needle also will use to cucuk la...
Politics memang macam ni...

See how the rat in Subang can become Splinter...

professional macam arthur anderson audit enron?

Dey pantat, you do know that in 2005 the Supreme Court overturned all charges against Arthur Andersen in the Enron case?

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..

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

Look like got more skeleton hide deep inside the cupboard.

My former colleague. Honourable dude who lives honestly, away from his father and step mother's influence. Tak yah lah bash Babi buta.

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.

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)

kuat kerja bang dalam thread nih...kah3

because EY & KPMG smell shit and runaway, Deloitte have to eat dead cat.

LOL.

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.

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.

EY signed the accounts in FY2010.
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.

Auditor practice independence la.

pandai sangat cuba terangkan kepada orang, instead of throwing around a superior attitude of "i know better than you" attitude.. so far i have not seen any explanation from you why Arthur Andersen should be absolve of any wrong doings .. just avoidance on you part on explaining... and belittleling anyone who has an opinion different from yours....


good luck trying to persuade people the auditor is blameless in this fiasco with this kind of "explanation"

it's not "i know better than you"...
it's called "learn to fcking google"...

http://en.wikipedia.org/wiki/Arthur_Anders...._United_States

please learn to differentiate between "opinion" and "fact".

and it's spelled "belittling".

funny enough the deloitte new building auditors sit on 14th floor