Unusual for NAD to prepare interim audit report involving auditees - Witness

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KUALA LUMPUR: The High Court today was told that it was unusual for the National Audit Department (NAD) to prepare an interim audit report involving a...

: The High Court today was told that it was unusual for the National Audit Department to prepare an interim audit report involving auditees prior to an exit conference.

An exit conference is part of the typical audit process where those being audited are given the chance to provide feedback or responses to the findings by the auditors. It was during this meeting that decisions were made to remove or change certain parts of the audit report, including omitting mention of 1MDB’s two conflicting financial statements for 2014.Only on the 25th. I attended meetings with Arul Kanda on the 25th, 26th and 29th Feb of 2016.

“Four of them will be very short witnesses and maybe one long witness. This will be one of the four formal witnesses. As for prosecution, we might need another 10 days,” said Sri Ram.

 

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