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Sovereign Wealth Funds Briefing - Categorized | Financials, Fund Management/Administration

1MDB replaces auditors, gets time extension to submit accounts

Posted on 21 February 2014

Government-backed 1Malaysia Development Bhd (1MDB) has confirmed that it has changed its auditors and that it has gotten a six-month extension from the authorities to file its accounts for the financial year ended March 31, 2013 (FY13).
1MDB stated that it had been granted an extension of time up to March 31, 2014 from the Companies Commission of Malaysia (CCM) to file its annual returns. The spokesperson also confirmed reports that accounting firm KPMG had been replaced with Deloitte to complete the audit for FY13………………………………………..Full Article: Source


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