Nazmi Mohd Nizal

Experience

Nazmi has spent 5 years as an external auditor before joining our Business Risk Services in 2017. His experience includes various key assignments in which he was directly involved as follows: 

• Internal control review of a leading local financial institution’s trustee services for compliance with the Securities Commission of Malaysia’s requirements.
• Recurring review of the internal control over financial reporting and fraud for one of the renowned German automobile companies based in Malaysia.
• Review of transactions on behalf of the defendants in response to an originating summons filed by the plaintiff arising from unlawful vacation of office of a director, unlawful appointment of a new director and unlawful allotment of shares to a new director.
• Review of transactions on behalf of the defendants in response to a derivative action filed by the plaintiff stemming from a dispute between shareholders of a luxury resort in Sabah, to comment on the findings and allegations of breach of fiduciary duty by directors contained in the Expert Witness Reports prepared by an international accounting firm.
• Review of the internal controls of a large US-based IT solutions company operating in Malaysia in accordance with the regulatory requirements of Sarbanes-Oxley (SOX) Act.
• Review of the internal controls of large Japanese and US-based manufacturing companies operating in Malaysia in accordance with the regulatory requirements of J-SOX and SOX 404 respectively.
• Review of the policies and standard operating procedures of a local master developer involved in developing Malaysia’s international financial district.
• Independent assessment of risks arising from the JV arrangement between a local master developer and an Australian developer to jointly develop a lifestyle quarter with an estimated gross development value of RM8 billion.
• Investigation into allegations of criminal breach of trust by senior management of a local glove manufacturing company.
• Investigation into allegations of procurement fraud for a German manufacturer based in Malaysia.
• Investigation into a substantial amount of related parties transactions allegedly entered without the Board’s approval for a local conglomerate listed on the Bursa Securities.