What specific information did KPMG need for the 2013 audit?

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KPMG Required Specific Documentation to Verify 1MDB's US$2.318 Billion Investment for the 2013 Audit

KPMG did not sign off on 1Malaysia Development Berhad's (1MDB) 2013 financial statements because the company failed to provide essential documentation. This information was crucial for KPMG to verify the purported value of 1MDB's US$2.318 billion investment and its underlying assets. The lack of these key documents prevented the auditors from completing their verification process within the stipulated timeframe.
Difficulty Verifying Underlying Assets of Investment

The audit of 1MDB's financial statements for the year ending March 31, 2013, was due by September 2013. However, by December 2013, KPMG had yet to sign off on these statements. The primary obstacle was 1MDB's inability to furnish the necessary documents that would allow KPMG to audit and confirm the purported value and underlying assets of the significant US$2.318 billion investment.
Meetings Held to Obtain Clarification

To address the information gap, KPMG engaged in discussions with 1MDB's management and board. A meeting took place on November 29, 2013, specifically to discuss details concerning the US$2.318 billion investment. Following this, KPMG met with then-finance minister Najib Razak on December 15, 2013, to seek clarification directly regarding this particular investment.
Pressure to Sign Off Despite Information Gaps

Evidence presented suggested that 1MDB's management and board felt pressure from the company's sole shareholder, MOF Inc., represented by Najib as finance minister, to have KPMG sign off on the 2013 accounts. Despite this pressure, KPMG maintained that they could not commit to signing by the December 31, 2013 deadline, as requested by Najib, without receiving all the required information to perform their professional duties according to international auditing standards. Ultimately, KPMG did not sign off on the financial statements due to the continued lack of provided information, leading to their termination as auditor on December 31, 2013.

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What specific information did KPMG need for the 2013 audit?

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