BINA DARULAMAN BERHAD ADDRESSES CHANGE OF AUDITORS, HIGHLIGHTS NO IMPACT ON THE GROUP’S OPERATIONS
MEDIA RELEASE
Wednesday, 18th September 2024
ALOR SETAR – Bina Darulaman Berhad (“BDB” or “the Group”) wishes to address recent media coverage dated 12 September 2024, regarding the resignation of our external auditor, Messrs. KPMG PLT (“KPMG”).
We would like to clarify that KPMG’s resignation, effective on 9 September 2024, is part of a routine governance practice following the extension of their tenure, which spanned ten years from the financial year 2014 to 2023.
The Board of Directors of BDB, appreciate the services of KPMG and look forward to continuing a positive relationship during this transition.
It is important to emphasize that KPMG has not audited this year’s financial reports yet, so this transition will not affect BDB’s financial integrity. BDB has, therefore, shortlisted BDO PLT as the new auditor, pending the completion of the official documentation to finalize the appointment and align with strategic objectives.
The Board of Directors of BDB also would like to emphasize that this transition will not impact BDB’s operations. The Group is dedicated to its business activities and will continue to meet all regulatory requirements.
The Board is confident that the change in external auditors will ensure a smooth continuation of the financial reporting process and to enable the Company to benefit from fresh perspectives and views of another audit firm.
BDB and its board of directors remain fully committed to upholding the highest standards of corporate governance, following the guidelines set out in the Malaysian Code of Corporate Governance 2021 (MCCG 2021).
