International auditing firm Deloitte is auditing 1Malaysia Development Bhd's (1MDB) financial accounts in stages, beginning with Edra Global Energy Bhd (Edra), an energy asset company owned by 1MDB, the Dewan Rakyat was told today.
Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said this is because 1MDB has consolidated accounts, comprising various companies under it and it is currently being investigated by the Auditor-General.
"At present, Deloitte is auditing Edra, which has 13 companies, after that real estate companies, then holding companies.
"The holding company is currently being audited by the Auditor-General, So, it will be done later. They (Deloitte) will do that, they are doing it in stages," he said when winding up debate on the 11th Malaysia Plan on behalf of the Ministry of Finance.
He was responding to a question from Liew Chin Tong (DAP-Kluang) who asked whether Deloitte had been appointed to audit 1MDB's financial statements for the year ended March 31, 2015, which allegedly had yet to be carried out.
Ahmad Husni said the Auditor-General's investigation into 1MDB proved that the government is serious in getting to the truth in the matter.
"To get the truth, there are those who must carry out the investigation and the best is the Auditor-General who knows the financial transactions, including cash books, ledgers, as well as complex documents related to them.
"In the context of documents from abroad that cannot be obtained by the Auditor-General, Bank Negara will get them as the process involves international protocols that can only be accessed by the central bank," he said.
Bernama
Mon Jun 15 2015
Ahmad Husni said the Auditor-General's investigation into 1MDB proved that the government is serious in getting to the truth in the matter.
UK man fined RM700 for entering protected area at KLIA
Polak Kendon is charged with entering a protected area at Gate C, level five of KLIA T1, without a valid pass.
Indonesia plans minimum age for social media use
The move aims at protecting children, its communications minister says.
Level Up: The Superman guide to the future of work
By 2030, tasks performed solely by humans are expected to shrink from 47% to 33%.
Future-proof your career: Master these 5 core skills to thrive by 2025
As automation takes over routine tasks, creativity will become a defining trait for employees.
Why the labour market is evolving and how employers are adapting
As AI and technology advance, skills like cognitive abilities, ethics, and technology-related expertise will either gain or lose importance.
US Justice Dept releases report on Trump attempt to overturn 2020 election
Investigations found Trump spread false 2020 voter fraud claims, pressured lawmakers, and pushed fake electors to overturn 2020 election.
Sydney closes nine beaches due to mysterious ball-shaped debris
Most of the samples of the ball-shaped debris were the size of marbles, with some larger, says Northern Beaches Council.
Distribution of RM13 bil SARA, STR aid begins tomorrow, highest in history
The SARA aid will be increased to RM2,100 in 2025 compared to RM1,200 in 2024 for eligible households recorded in the eKasih system.
[COLUMNIST] The hidden struggles hehind Malaysia’s GPI ranking
Essentially, a nation may appear peaceful externally but lack the critical structures to sustain peace during stress or upheaval.
Impeachment trial of South Korea's Yoon adjourned after he does not attend
If Yoon Suk-Yeol decides not to attend the next trial proceedings, it will start with his legal team representing him.
Earthquake shakes Tibetan monasteries, casualties among clergy unknown
The magnitude 6.8 quake reduced to rubble roofs and walls at a monastery and a nunnery in Tingri.
Trial of South Korea's impeached President Yoon set to begin
The Constitutional Court must decide within 180 days whether to remove Yoon Suk-Yeol from office or restore his presidential powers.
Pahang sees slight increase in flood evacuees, Johor declines to 2,498
JPBN says only the water level at Sungai Kahang in Kampung Contoh, Kluang, remains above the danger level.
India's Maha Kumbh festival sees 15 million people take holy dip on first day
Nearly 15 million Hindus, six times the number expected, took a dip in freezing waters seeking absolution of their sins.
Fire-stricken Los Angeles braces for dangerous Santa Ana winds
Over 8,500 firefighters battled fires in Los Angeles, preventing the conflagrations from spreading overnight by air and ground efforts.
China mulls potential sale of TikTok US to Musk, Bloomberg News reports
TikTok says the government's stake "has no bearing on ByteDance's global operations outside of China, including TikTok."
Gaza ceasefire deal close after 'breakthrough' in Doha
Joe Biden says a ceasefire and hostage release deal he has championed was on "the brink" of coming to fruition.
Pongal celebration a symbol of unity, harmony and progress - Cabinet ministers
The Members of the Cabinet extend their best wishes to all Hindus and Tamils in the country on the occasion of the Pongal festival.
US lawmakers urge Biden to extend TikTok Jan. 19 ban deadline
Joe Biden could extend the deadline by 90 days if he certifies ByteDance is making substantial progress toward a divestiture.
How the new AI chip rule from the US will work
The limits on GPUs for most countries in the new rule are set by compute power, to account for differences in individual chips.