1MDB accounts being audited by foreign firm, Deloitte


(Bernama) – 1Malaysia Development Bhd (1MDB)’s board announced today that its accounts are being audited by an international audit firm, Deloitte.

In a statement, it said Deloitte signed off 1MDB’s 2013 and 2014 accounts without qualification. Similarly KPMG signed off the 2010, 2011 and 2012 accounts with no qualification.

“The Board takes malicious and slanderous allegations seriously and reserves the right to undertake legal action,” said the strategic development company.

Presently, the Board and Management are co-operating fully with the Auditor-General, the Royal Malaysian Police and the Public Accounts Committee in the conduct of their reviews of the company.

In particular, the Auditor-General is conducting an independent review of 1MDB’s accounts, as agreed by the Cabinet of Malaysia.

“We, therefore, seek the patience and understanding of the public and interested parties to wait for the results of these reviews.

“We request that no one should prejudge the matter without thorough facts ahead of the reviews being made public.

“We have full confidence in Deloitte and the Auditor-General, as does our 100 per cent shareholder, Minister of Finance Incorporated,” it said.

The Board gives its undertaking that in the event of adverse findings, the Board will take all the responsible measures and actions.