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

1MDB yet to find new auditor

Posted on 28 October 2016

This means 1MDB is unable to submit its financial statement despite being given two six-month extensions by the Companies Commission of Malaysia, says report. 1MDB has yet to appoint a new auditor to take over from Deloitte Malaysia, which resigned in July, Second Finance Minister Johari Abdul Ghani said.
The state investment arm’s failure to find a new auditor also means that it is unable to submit its financial statement ending March 31, 2015 despite being given two six-month extensions by the Companies Commission of Malaysia (CCM), Malaysiakini reported……………………………………Full Article: Source


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