PAC REPORT 1MDB's former auditors Ernst & Young (EY) and KPMG had been replaced after insisting on seeing documents on some of the sovereign fund's dealings, according to findings of the Public Accounts Committee (PAC).

In particular, the PAC report said KPMG had already decided to issue a qualified audit report for 1MDB's 2013 financial report, but the audit firm was suddenly replaced by Deloitte.