Lex Veritas

Serba Dinamik filed an action against KPMG for allegedly being negligent by unreasonably raising audit issues or red-flags over the company’s transactions. It has been said that the suit of this kind is unprecedented. Background On 25 May 2021, Serba Dinamik announced to Bursa that KPMG, the external auditor, had raised certain audit issues[i]. Bursa on 27 May 2021 made a query to Serba Dinamik following the announcement. On 28 May 2021, SD replied to the Bursa’s query. T