PUTRAJAYA: The National Audit Department has started an audit on 1Malaysia Development Bhd (1MDB) following a Cabinet directive to do so last week.
There is however no timeframe as to when the audit will be completed,
Auditor-General Tan Sri Ambrin Buang said at a press conference here today.
â€œOur teams have started the audit on 1MDB. We have collected as much information as possible relating to the issues raised by the media.
â€œI have also met the 1MDB chief executive officer Arul Kanda, who promised to give full cooperation to us in the audit.
â€œWe also hope that the other related parties would also give us their full cooperation,â€ he said at a press conference here today.
The outcome of the audit will be handed over to the Public Accounts Committee.
â€œWe are very concern on the quality of the audit and we have to balance between speed and accuracy,â€ said Ambrin.
He added the National Audit Department will do whatever necessary to carry out the audit including engaging external experts if the need arises.-NST