Stories of RM4.5bil audit discrepancies untrue, says Serba Dinamik

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Serba Dynamik says it has responded to issues raised by its former auditor KPMG.PETALING JAYA: Claims of audit discrepancies involving RM4.54 billion in Serba Dinamik’s transactions are inaccurate, its CEO has said.The figure has appeared in numerous reports about the oil and gas company’s ongoing legal dispute with its former external auditor KPMG, which the company claims had raised several trivial issues that have since been responded to.In an interview with FMT, Mohd Abdul Karim Abdullah said he wanted to set the record straight on the company’s recent auditing issues.“Everyone has read the information wrongly, the RM4.54 billion consists of items that shouldn’t be added together. You cannot add costs and revenue together, which is how the figure has been derived. This goes against financial literacy. “Perhaps, people are intentionally trying to sabotage us by exaggerating …