News about audit

KUALA LUMPUR (Sept 16): Hotel and resort operator Avillion Bhd’s external auditors have red-flagged the loss-making group's ability to continue as a going concern, as its current liabilities have exceeded its current assets.

KUALA LUMPUR (Aug 14): The High Court here had today dismissed former prime minister Datuk Seri Najib Razak's (pictured) application to strike out the 1Malaysia Development Bhd (1MDB) audit report tampering charge against him.

KUALA LUMPUR (Aug 13): Former auditor-general Tan Sri Ambrin Buang (pictured) testified today that the directives to amend parts of the National Audit Department (NAD) audit report of 1Malaysia Development Bhd (1MDB) for the year 2014, came from then chief secretary of the government Tan Sri Ali Hamsa.

KUALA LUMPUR (July 23): Former Prime Minister Datuk Seri Najib Razak (pictured) will know on Aug 7, the fate of his bid to strike out the charge of tampering with the 1Malaysia Development Bhd (1MDB) audit report.

KUALA LUMPUR (July 23): Former prime minister Datuk Seri Najib Razak celebrated his 67th birthday at the court here today, where he was present as the accused in the 1Malaysia Development Bhd (1MDB) audit tampering trial.

KUALA LUMPUR (July 14): There are some issues of ineffectiveness, weaknesses and non-compliance in managing programmes, projects and activities, according to the Auditor General’s report.

KUALA LUMPUR (June 24): The High Court today allowed the prosecution to amend the charge in the 1Malaysia Development Bhd (1MDB) audit tampering case as the judge ruled that it would not prejudice former prime minister Datuk Seri Najib Razak (pictured) and former 1MDB president Arul Kanda Kandasamy.

KUALA LUMPUR (June 17): The High Court has set June 24 to hear the submissions of both parties in the 1Malaysia Development Bhd (1MDB) audit tampering trial following the prosecution's application to amend the charges levelled against former prime minister Datuk Seri Najib Abdul Razak and former 1MDB president and CEO Arul Kanda Kandasamy.

KUALA LUMPUR (June 16): The action of National Audit Department (NAD) director (governance sector) Datuk Nor Salwani Muhammad, who had recorded the Feb 24, 2016 meeting of top government officials without their knowledge, could be deemed as unethical, according to former chief secretary to the government Tan Sri Ali Hamsa.

KUALA LUMPUR (June 16): Former chief secretary to the government Tan Sri Ali Hamsa said then 1Malaysia Development Bhd (1MDB) president and CEO Arul Kanda Kandasamy did not pressure then auditor-general Tan Sri Ambrin Buang into altering the troubled fund's audit report during a meeting in February 2016.