KUALA LUMPUR: A forensic audit on 1Malaysia Development Berhad’s (1MDB) financial statements was proposed to be carried out by the National Audit Department, Dewan Negara was told today.
"The forensic audit, which is a more thorough report on its financial statements can be done if there is a need," said Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah when winding up the debate on the motion of thanks on the Royal Address by the Yang di-Pertuan Agong in Dewan Negara.
When met at the Parliament lobby later he said while the previous forensic audits by Deloitte and KPMG found 1MDB in a clean state, they were done based on short financial years.
"The department should be able to carry out a forensic audit based on a longer period. If there are discrepancies in the statement, the management and board of directors will be held accountable and may face court action."
He said he would also meet the Auditor-General soon to get a time frame when the current audit can be completed.
Forensic audit is an evaluation of a firm's or individual's financial information as evidence in court. It can be done in order to prosecute a party for fraud, embezzlement or financial claims.