Kota Kinabalu: Sabah Development Bank Berhad (SDB) has appointed Messrs Forvis Mazars PLT (Forvis Mazars) as its new auditor for Financial Year (FY) 2024, replacing Messrs Ernst & Young (EY).
Forvis Mazars Malaysia is an integrated member firm of Forvis Mazars Group SC, an internationally integrated partnership operating in over 100 countries.
SDB has recently announced that for FY 2023, the Bank has made an unprecedented loss of RM878 million despite reporting profits of RM680 million for the past six years since FY 2017.
The Bank is conducting a comprehensive and rigorous review, and will take appropriate actions to enforce accountability to those found responsible for the unprecedented loss.
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