KUALA LUMPUR: Securities Commission Malaysia (SC) reprimanded and fined five directors of TRIVE Property Group Bhd (Trive) for knowingly furnishing false or misleading statements in the 2014 audited financial statements of the company to SC and Bursa Malaysia. “Separately, SC reprimanded Trive and directed Trive to address its financial reporting function. This includes a directive to Trive to appoint an external auditor to assess the adequacy of Trive’s financial reporting function,” added SC. “SC views non-compliance with approved accounting standards and disclosure requirements as a serious breach. High standards of financial reporting and disclosures are fundamental in promoting market integrity and enhancing investor confidence,” it added.

Source: New Strait Times December 04, 2017 12:56 UTC