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Megah Berhad's principal shareholders and directors are Abu and Ahmad. Abu redirected a contract intended for Megah Berhad to another company in which his wife
Megah Berhad's principal shareholders and directors are Abu and Ahmad. Abu redirected a contract intended for Megah Berhad to another company in which his wife had a majority stake. The company's auditor was subsequently named by the board to be Aqil, Ahmad's son. Aqil lacked both the necessary expertise and experience in auditing and accounting.
Ali, a minority shareholder, is disappointed and seek your advice.
(100 marks)
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