Deloitte fined RM2.2m for not flagging 1MDB-linked irregularities
Published: Jan 30, 2019 7:01 AM | Updated: Jan 31, 2019 2:02 AM
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RM2 million fine is peanuts.
Deloitte should have been closed like Arthur Anderson for false audit reports involving 50 billion of taxpayer money.
The article states that auditors qualified the accounts, and highlighted the issues in their audit report. SC punished them for not bringing up the matter. Shouldn't SC be reading them upon submission? They would have pick up something.So...SC punished auditors for not telling them what they should have known in the 1st place?interesting..(they did submit late, so part of the fine is justifiable)
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