Oh well i didn't follow up the whole story, tomorrow the share price will tell u the whole story then

The documents can be forge also, as i know auditor did not satisfy on the existence on debtor, no physical office or factory as i know.

Did u work under audit firm before?

the auditor you work with told you their fee is base on trust or volume of work plus risk assessment? in a private co, you can simply terminate auditor service, however public co is a diff story, especially if the shareholders include authorities, funds and foreign investor etc. a auditor would tell you are his client when everything run fine, however if under scenario like serba, they would tell you kpmg is your auditor, not a client in a common biz relationship. read most of your response,  you sound like one that argue for sake of arguement.

kpmg audit not started on 2020, and their responsibility  and accountability is not limit to 2020 onwards, thus walk away and resign is never a solution, like one commenter here said, they prefer serba to terminate them.  i am curious how long you deal with auditor, you seem very naive on how audit work.

Auditing is one of the most pointless regulatory practices in existence within the realm of banking and corporate finance. It exists for the purpose of wrecking havoc on both solid and fraudulent companies for menial accounting issues while adding no value to society ever. One Serbadk case everyone on Facebook with minimal or moderate accounting experience talking like experts while most of them don't even hold any shares in the company. Endless speculations. Is the barrier of entry into auditing so low? Or are there actually that many "auditors" in Malaysia? People discussing it like it’s a drama. Hell, even true accountants hate auditing and often refuse to discuss about it since it’s worthless in nature

i skip your first para bec its too stupid to merit response.

in most cases, whether to continue pursue depend on few thing,  first the partner attitude, he is one that bear the consequences since he sign off the acct, secondly the firm reputation and working culture cum practice play a role, thirdly risk tolerance level and forth how much verified document they can secure to safeguard their ass.

auditor is merely telling the reader if the acct present a true and fair view, that's all. they are not here to find or detect fraud, in fact most auditor lack the capacity to do this bec the process is not designed for such purpose. enron fraud was detected by a university student and later an investigation reporter, its quite impossible to find fraud just by going through document.

in serba case, i guess the mgt or that fc dont even bother or too lazy to make ready all the required verification and force kpmg into a corner bec like you put it, they believe they pay enough to buy trust  and relationship.

the crap is to demonstrate your unique ability of failing to understand other peoples point, repeatedly, predictably and completely,  without further guess and assumption i can therefore asssert that it is quite impressive in its own right for one that claim he work with auditor.

Ok, who here is still holding SCIB/Kpower/Serba? What's your plan now? Still hold or desperately want to cut loss tomorrow morning?

good price to top up today. don't miss this opportunity.