"Any decision on whether to re-audit 1MDB's audited financial statements again will be made after further discussions with the new auditor," MoF said in a written reply to a parliamentary question dated March 7 by Petaling Jaya Utara member of Parliament Tony Pua Kiam Wee. MoF also said 1MDB has obtained extension from the Companies Commission of Malaysia until the end of this month to call for an annual general meeting to approve its financial statements for FY15 and FY16. It also said then that its audited financial statements for FY13 and FY14 shouldn't be relied on after US prosecutors said more than US$3.5 billion was misappropriated from the fund during a period that included those years. 1MDB said in September 2015 that Deloitte Malaysia had made "specific and detailed enquiries" about these payments to IPIC before signing off on the fund's accounts and thus, it stood by its audited financial accounts. However, after Deloitte Malaysia's resignation, 1MDB said that its FY13 and FY14 audited financial statements should no longer be relied on.

Source: The Edge Markets March 13, 2017 06:49 UTC