ON, October 13, 2023, I had specifically focused READ :in the manner auditors Cheng & Co has gone about auditing Greepacket Bhd' books..
MY concern was not based on the fact that READ : Messrs Chengco PLT (or formerly known as Cheng & Co) and its partners have been barred by the Securities Commission Malaysia’s Audit Oversight Board (AOB) from accepting public interest entities (PIEs) or schedule funds as clients and auditing their financial statements for 12 months.
MY concerns were why had GreenPacket refused to hire a big three audit firm and how on earth were Chengco adding value to the audit process of GreenPacket, which supposedly earns in the 100's of million from outside Malaysia, when Chengco doesn't have an oversees presence.
FRANCIS Leong Seng Wui's eagerness to embrace CHENGCO for Revenue Group, merely strengthen the bias that something randy was taking place in the state of New York.
CHENGCO has now received its second suspension from the Securities Commission 's audit board in merely six years..
THE SC having a spine bodes well for Malaysia as well as for its excecutive chairman Mohammad Faiz Azmi, who I am told have eyes for KENNETH VUN YUN LIUN.
