KPMG says resignation is with immediate effect
PETALING JAYA: Sarawak Consolidated Industries Bhd
’s (SCIB) external auditor KPMG PLT has sent a notice that it is resigning with immediate effect.
According to SCIB’s filing with Bursa Malaysia, this is primarily due to concerns which were raised by SCIB as to whether KPMG would be able to continue acting independently in its capacity as its external auditor in harmony with rule 400.5 of the Malaysian Institute of Accountants by-laws: on professional ethics and conduct.
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