Anonymous said...
1MDB’s financial year ends on 31 March each year.
The chronology shows it has missed the initial six-month deadline (30 September) for tabling of accounts five times.
The latest financial statements for the year 31 March 2015 are still not out even after six months have lapsed.
The firm has reportedly been granted an extension.
The financial statements show that 1MDB’s auditors have more often than not signed the auditor’s report beyond the usual six-month time limit.
Deadline: Six months from financial year-end 31 March i.e. 30 September (183 days)
Year ended
31 Mar 2010 – Signed: 4 Oct 2010 after 187 days – LATE31 Mar 2011 – Signed: 5 Aug 2011 after 127 days – ON TIME
31 Mar 2012 – Signed: 12 Dec 2012 after 256 days – LATE
31 Mar 2013 – Signed: 28 Mar 2014 after 362 days – LATE
31 Mar 2014 – Signed: 5 Nov 2014 after 219 days – LATE
31 Mar 2015 – Not yet signed after more than 183 days – LATE
That's right:
A body that racked up RM42 billion of debt has got its accounts in order, in time, EXACTLY ONCE IN FIVE WHOLE YEARS.
Auta Nasi Kanda, pale otak hang.
There are mini-markets and provision shops with better and more ethical accounting practices.
It's like a political party failing to declare 2.6 billion in its audited accounts.
Hmmmmmm.....
Is there a common thread here?
The financial statements show that 1MDB’s auditors have more often than not signed the auditor’s report beyond the usual six-month time limit.
Deadline: Six months from financial year-end 31 March i.e. 30 September (183 days)
Year ended
31 Mar 2010 – Signed: 4 Oct 2010 after 187 days – LATE31 Mar 2011 – Signed: 5 Aug 2011 after 127 days – ON TIME
31 Mar 2012 – Signed: 12 Dec 2012 after 256 days – LATE
31 Mar 2013 – Signed: 28 Mar 2014 after 362 days – LATE
31 Mar 2014 – Signed: 5 Nov 2014 after 219 days – LATE
31 Mar 2015 – Not yet signed after more than 183 days – LATE
That's right:
A body that racked up RM42 billion of debt has got its accounts in order, in time, EXACTLY ONCE IN FIVE WHOLE YEARS.
Auta Nasi Kanda, pale otak hang.
There are mini-markets and provision shops with better and more ethical accounting practices.
It's like a political party failing to declare 2.6 billion in its audited accounts.
Hmmmmmm.....
Is there a common thread here?
