KPMG tells 1MDB to ignore audit reports


THE 1Malaysia Development Bhd board has been told by its auditor that the troubled state investment firm should ignore the audit report it prepared as the statements for three financial years are not reliable.

In a statement, the board said KPMG informed them in a letter dated June 8 that the statements for the financial years ending March 2010, 2011 and 2012 audited by KPMG did not provide a true and fair assessment of the company.


Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one (1) week free access!

Subscribe Now!


Sign up or sign in here to comment.


Comments


  • Can you freaking believe that a vain woman destroyed the reputation of a firm that took 200 years to build, even in Malaysia, its 90 years old. Sorry but the Rosmah family must be completely wiped out of public office to bear the sins of their parents.

    Posted 5 years ago by Bigjoe Lam