|Kok Seng is the Partner-in-Charge for KPMG Northern Region. He has extensive audit, accounting and consulting experience both in Malaysia and Washington, D.C., USA. His experience is not limited to audit assignments but also covers the various corporate exercises which include corporate advisory on initial public offerings, cross border acquisitions, special issues and share valuation.|
He currently sits in the Penang State Shared Services and Outsourcing and Creative Multimedia Content Council.
KPMG's _proudly boast on their website:
Special officer to the finance minister, Dato’ Ooi Kok Seng, who was also present, had mentioned that the government had not yet received the funds from a one-off special dividend from Petroliam Nasional Bhd (Petronas) of RM30 billion which will be used for tax refunds announced during Budget 2019. “At the moment the funds are not in as it is only a few days past the new year. However, [the public] should not worry as the finance minister has given the assurance that full refunds will be made through the special dividend,” he said.
Dato’ Ooi Kok Seng is KPMG Head (North).He seems to have won the favour of the Penang Government and the DAP, despite KPMG's 1MDB history.This excerpt from the DAP website is indicative of their relationship:
The Penang state government has chosen the internationally renowned accounting firm, KPMG and its senior partner Chartered Accountant Ooi Kok Seng, for the verification exercise and to formulate the template and presented to the public. As an independent audit firm, KPMG is required to uphold the highest standards of professional standards ensuring that it complies with the principles of objectivity, independence and no conflict of interest before undertaking any task.
KPMG's contribution to 1MDB's losses has been well documented by this writer and by Sawarak Report (see stories below).
This conflict adds to that concerning PwC, Goldman Sach's auditor for some 37 years, who have nevertheless been appointed to oversee 1MDB.