Archive for March 9th, 2015

Auditor General Ambrin must buck up as six-day inaction on investigation into 1MDB dereliction of duty

The Auditor-General Tan Sri Ambrin Buang must buck up and get on with his work and responsibility as the six-day inaction on investigations into the RM42 billion 1MDB scandal is a major dereliction of duty.

Malaysians want to know why the Auditor-General has not swung into immediate action to investigate into the biggest financial scandal in the nation’s history after the Prime Minister, Datuk Seri Najib Razak had directed him on Wednesday to independently verify 1MDB’s accounts
Malaysians can still remember the poor and unacceptable reasons given by Ambrin last November why he was not auditing 1MDB accounts.

This was what Ambrin said on November 12, 2014 at a media session in Kuala Lumpur in conjunction with the third series of the auditor’s report 2013:

“My answer is as far as their accounts are concerned, it has already been audited by one of the big four (audit firms), so there is no reason why we should ask them to open up their books because auditing financial statements is very laborious (with) examination of documents and things like that.”

Ambrin was rightly flayed in the media for “passing the buck to The Big Four”, and “lectured” that if auditors were infallible, there would be no financial scandals in the world. Read the rest of this entry »

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