Parker Randall appointed as new 1MDB auditor

Jan 5, 2017

IMDB

1 Malaysia Development Berhad (1MDB) has appointed Parker Randall as the new auditor.

This was revealed by Treasury secretary-general Irwan Serigar Abdullah at a press conference on the government’s 1Malaysia People’s Aid (BR1M) here today.

He told newsmen that Parker Randall were already in the midst of auditing some of the subsidiaries of 1MDB.

Asked when the auditor’s report would be released, he replied “Its on-going. We wait for the report.”

Parker Randall is an international auditing firm and is the fourth auditor appointed by 1MDB.

According to a Public Accounts Committee report released in 2016, 1MDB has changed auditors due to varying opinions on its investments and assets.

1MDB had previously appointed Ernst & Young (EY), KPMG and Deloitte respectively.

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