• 2 months ago
PwC submitted its resignation as external auditor of Pharmaniaga after serving for 19 years.


Read More:
https://www.freemalaysiatoday.com/category/highlight/2024/09/24/another-big-4-firm-quits-as-auditor-of-listed-company/

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Transcript
00:00PricewaterhouseCoopers has resigned as Pharmaceutical Group Pharma Nyaga Berhad's external auditor
00:07after 19 years.
00:09This is the third instance in recent weeks that a member of the Big Four global accounting
00:12firms has quit as auditor of a Bursa Malaysia-listed company.
00:18Earlier this month, KPMG resigned as the external auditor for both semiconductor assembly and
00:22test firm Globetronics Technology, as well as Kedah State-owned construction and property
00:27development group Bina Darulaman Berhad.
00:30In a board's filing yesterday, Pharma Nyaga said it had received a notice dated September
00:3520 from PwC of its voluntary resignation.
00:39It said the board agreed that the resignation and hiring of new auditors would bring a fresh
00:43perspective to both the board and the company.
00:47Pharma Nyaga also said the board had approved the appointment of Ernst & Young as its auditor
00:52for the financial year ending December 31, 2024.
00:57Sam Mee Chua, FMT News.

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