To the uninitiated, KPC or Kepochi is a term in Hokien reserved for those who mind other's business rather than his own.
MP for Labis, Chua Tee Yong, should by now be a well known TV personality because of his so-called 'Billion Ringgit Scandal' expose in Selangor, which was given wide TV coverage many times (mostly with the same footages which are tiresome to watch) and front-page prominence in mainstream newspapers. Sometimes it was ludicrous to watch the latest news about KPMG's findings that the Talam deal was done properly and then shown an old footage of Chua and team with pictures of land with ponds.
It was obvious to me, at least, that he has been making full use of the msm to his advantage, without bothering about explanations and refusing to debate with Selangor MP Tony Pua for instance, and now refusing to debate with PKR's William Leong and DAP's Teresa Kok and Tony Pua in his own constituency!
http://teresakok.com/2012/09/10/tee-yong-failed-to-turn-up-for-the-debate-on-talams-issue-at-his-own-constituency/
What a coward! His main excuse was that he will only debate with Selangor MB, Khalid Ibrahim, who with due respect, is not known for oratory skills.
Chua criticised KPMG's report for its lack of scope. He boasted that he had audit experience whereas Tony had none. Honestly, for every profession, there are outstanding ones as well as those who merely made it. Within each profession, there are now specialists in each department. For accountants, there are audit, tax, management consultancy, liquidation and so on. So a lot has to do with exposure during training and since qualifying. To go deeper into qualifications, only accountants would know the difference where some examinations require a candidate to pass all papers in one sitting while some accept one paper at a time.
We are now faced with credibility problems in Malaysia. We cannot take statements by ministers to be true. Further, if we did not watch television or read newspapers we would be uninformed, and if we did, we ended up misinformed!
Talam Corp Bhd, which is now Trinity Corp Bhd, is a public listed company which has to comply with the rules and regulations of Suruhanjaya Syarikat Malaysia and Bursa Saham Malaysia, besides other requirements depending on the company's businesses. The system works only if there is credibility in professionals' reports, and not everything can be ascertained with accuracy. Even the external auditor's 'true and fair view' has been misconstrued by many as 'true and accurate' in every transaction. How could this be when the auditors have to rely on tests by random sampling? A dishonest audit clerk who chose straight forward samples would make a mockery of those tests.
Chua's main complaint seem to be valuation of properties, accusing the Selangor state government of having bought lands higher than valuations. Unless there were clear proof that the state actually chose to ignore professional valuations (incidentally, BN's PKFZ was a blatant example), property valuation is known to be subjective and each valuer could possibly come up with a different valuation, based on acceptable past transactions in the vicinity and other considerations. Here again, if I want to be picky, I can say that some official transactions cannot be trusted, simply because there were instances of under-declaration by both buyer and seller, for the purposes of covering up a buyer who has undeclared incomes or to save stamp duties.
I find this graphic funny and relevant because the present Chairman of Trinity (Talam) happens to be an ex-partner of international accounting firm, Arthur Andersen.
Link
MP for Labis, Chua Tee Yong, should by now be a well known TV personality because of his so-called 'Billion Ringgit Scandal' expose in Selangor, which was given wide TV coverage many times (mostly with the same footages which are tiresome to watch) and front-page prominence in mainstream newspapers. Sometimes it was ludicrous to watch the latest news about KPMG's findings that the Talam deal was done properly and then shown an old footage of Chua and team with pictures of land with ponds.
It was obvious to me, at least, that he has been making full use of the msm to his advantage, without bothering about explanations and refusing to debate with Selangor MP Tony Pua for instance, and now refusing to debate with PKR's William Leong and DAP's Teresa Kok and Tony Pua in his own constituency!
http://teresakok.com/2012/09/10/tee-yong-failed-to-turn-up-for-the-debate-on-talams-issue-at-his-own-constituency/
What a coward! His main excuse was that he will only debate with Selangor MB, Khalid Ibrahim, who with due respect, is not known for oratory skills.
Chua criticised KPMG's report for its lack of scope. He boasted that he had audit experience whereas Tony had none. Honestly, for every profession, there are outstanding ones as well as those who merely made it. Within each profession, there are now specialists in each department. For accountants, there are audit, tax, management consultancy, liquidation and so on. So a lot has to do with exposure during training and since qualifying. To go deeper into qualifications, only accountants would know the difference where some examinations require a candidate to pass all papers in one sitting while some accept one paper at a time.
We are now faced with credibility problems in Malaysia. We cannot take statements by ministers to be true. Further, if we did not watch television or read newspapers we would be uninformed, and if we did, we ended up misinformed!
Talam Corp Bhd, which is now Trinity Corp Bhd, is a public listed company which has to comply with the rules and regulations of Suruhanjaya Syarikat Malaysia and Bursa Saham Malaysia, besides other requirements depending on the company's businesses. The system works only if there is credibility in professionals' reports, and not everything can be ascertained with accuracy. Even the external auditor's 'true and fair view' has been misconstrued by many as 'true and accurate' in every transaction. How could this be when the auditors have to rely on tests by random sampling? A dishonest audit clerk who chose straight forward samples would make a mockery of those tests.
Chua's main complaint seem to be valuation of properties, accusing the Selangor state government of having bought lands higher than valuations. Unless there were clear proof that the state actually chose to ignore professional valuations (incidentally, BN's PKFZ was a blatant example), property valuation is known to be subjective and each valuer could possibly come up with a different valuation, based on acceptable past transactions in the vicinity and other considerations. Here again, if I want to be picky, I can say that some official transactions cannot be trusted, simply because there were instances of under-declaration by both buyer and seller, for the purposes of covering up a buyer who has undeclared incomes or to save stamp duties.
Many people have complained about Chua's neglect of his own ministry's cases like NFC, and seems to concentrate on Selangor, presumably having to show his boss that he will go all out to discredit the present Pakatan government. But the sentiments seem to show that he is now making a fool of himself instead because of his refusal to meet the challenge of a debate with those who are able to explain anything he needs to know. Let the public judge who is more credible. With BN's 55 years of uninterrupted rule, for every finger pointing at Pakatan, there are more fingers pointing back at BN.
I find this graphic funny and relevant because the present Chairman of Trinity (Talam) happens to be an ex-partner of international accounting firm, Arthur Andersen.
