Thursday, January 26, 2012

'PwC'gate to audit 'Cow'gate?

The latest news is, PriceWaterhouseCoopers will be appointed the auditing firm for National Feedlot Corporation. Its already a market talk, and DPM Muhyiddin Yassin is said to have given it a go.

Why PwC, a firm plagued with 'scandals' and misconstruing its professional ethic? Ask why Maxis boss Ananda Krishnan is mad about it!

Don't we have other credible auditing firm for the job? Being a big name and a foreign-based company does not always guarantee satisfactory result, isn't it?

Apart from scandalising the court (there is an ongoing case against the firm at the Kuala Lumpur High Court) with fabricated evidence and documents, PwC is also believed to tamper with auditing reports for Felda listing.

Read this article here. It posed a question to Muhyiddin: "Tan Sri, can you imagine Chin Kwai Fatt (pic), the MD of PwC Malaysia, and master of document fabrication, auditing Cowgate?"

It says, Chin Kwai Fatt is now trapped by the fact that one of the documents he has fabricated in an ongoing Kuala Lumpur High Court case not only contradicts his own witness statement, but also the amended defense of all the defendants.

And I agree to this - Why is the Auditor General's report not enough for the truth about the NFC to be made public?

A-ahhh... looks like things start to brew again...

11 comments:

rimba said...

why not?

just give them the opportunity....

... to bring more damages!

Anonymous said...

just like govt contracts, bro.

the cabinet will award it to the same big companies although they had faltered in the past.

same with auditing firm.

its always pwc.

insider said...

muhyiddin should look into pwc issues before jumping to dcision. i am with the audit firm. with the high court case still ongoing, i dont think its proper to engage them for nfc.

mr kudita said...

all in the family bro.

we know our bro is a thief but we still protect him. not only that, we give him a good place to live and 'work'...

that's how our govt works.

penangan said...

salam tn,

saya sendiri banyak dengar kisah pwc ni, cuma sukar untuk dapatkan kepastian. apatah lagi pihak berwajib seperti kementerian kewangan dan sprm langsung tidak mengambil endah akan laporan yang dibuat.

kenapa mesti ada double standard dalam siasatan?

adakah kerana pwc ini firma asing dan terbabit dengan banyak syarikat malaysia?

tauke lim said...

normal bad practice lor.

we keep on giving contracts to the same rotten people.

why?

money maaaa....

that also u dont know aaar!

Anonymous said...

bujai,

i know 2 of the 6 people behind the blog.

they are with the SC, very pro in their discipline.

i hope they write more about wrongdoings at sc and pwc. they write truth...

mesin rumput said...

alaaaa.....


takkan tak tau yang pwc bosses johan dan fatt ni kawan baik muhyidin yasin?

senang je nak baca sifir diorang ni!

jin pekong said...

dah takda firma lain lagi gamaknya, asyik2 bagi job kat syarikat yang sama. mentang2 lah kawan dia punya.

apa... masyyuukkk ke?

Rasputin Beliong said...

Won't be surprised if PwC came up with the conclusion that AG made a mess with its report. Another Malaysia Boleh syndrome on display if that were to happen.

Anonymous said...

kasi can la sama pwc. pwc pun kasi can sama itu politicians yang kasi dia job, maaaa!!!!