Deloitte seeks review of SC’s RM2.2mil fines linked to 1MDB sukuk

Deloitte is one of the big four international accounting companies. The firm acted as auditor for the units, Bandar Malaysia and 1MDB Real Estate, for the financial years 2015 and 2016.

PETALING JAYA: Audit firm Deloitte PLT said it is “disappointed” with the Securities Commission’s (SC) decision to impose administrative sanctions on the company for four purported breaches of two reporting provisions under the Capital Market Services Act, which it said were technical in nature.

In a statement, Deloitte said it respects the role of the SC to regulate and safeguard the Malaysian capital market and takes its responsibilities as an audit firm seriously.