BFM Podcast

1MDB FY10-12 Accounts Not True & Fair Assessment

Tan KW
Publish date: Tue, 26 Jun 2018, 12:13 PM

The Morning Run Crew

26-Jun-18 10:25

The Morning Run crew gives you their take on today's business headlines, starting with news that the 1MDB financial statements for the financial years ending March 2010, 2011 and 2012 audited by KPMG do not provide a true and fair assessment of the company.

KPMG advised 1MDB board that the group “should immediately take all necessary steps to prevent any further or future reliance” on the three audit reports for the financial years ending March 2010, 2011 and 2012.

9:55 - Gobind open to Pay-TV market liberalisation, to meet Astro soon

 

Presented by: Joyce Goh, Sharaad Kuttan, Tan Chung Han

Discussions
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ks55

KPMG want to wash hand now.
What about the other Big 2 auditors?
Surely they will come out with similar statements.
In such cases, why we need external auditors simply relying on information provided by the Directors?

2018-06-26 14:09

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