1MDB confirms appointment of Parker Randall Malaysia as new auditor

17/01/2017

Malaysian state fund 1Malaysia Development Bhd (1MDB) confirmed on Thursday 5th January 2017 that it had appointed Parker Randall as its auditor.

The state sovereign fund chairman Mr Arul Kanda Kandasamy confirmed the appointment of the new auditing firm, after Treasury Secretary-General Tan Sri Dr Irwan Serigar Abdullah made the announcement in a press conference. 

1MDB have appointed a new auditor almost a year after Deloitte LLP notified the state investment company that it planned to resign, while KPMG and Ernst & Young were fired back in 2015.

1MDB said in a statement it "has submitted forms 11 and 52 to the Companies Commission of Malaysia on January 3, confirming the appointment of Parker Randall as auditor for 1MDB".