KUALA LUMPUR (July 26): 1Malaysia Development Bhd (1MDB) said today its 2013 and 2014 audited financial statements should no longer be relied upon pending the determination of allegations made by the United States Department of Justice (DOJ).

In a statement today, 1MDB said its board made the decision as a precautionary measure, pending a "final and conclusive determination by a court of law of certain alleged facts" in a civil forfeiture complaint filed by the DOJ.

"Whilst the board remains confident that no wrongdoing has been committed by 1MDB and that the past audited financial statements continue to show a true and fair view of the company's affairs at the relevant points in time, the board has decided that, as a precautionary measure, the 2013 and 2014 audited financial statements of 1MDB should no longer be relied on by any party, pending as described in the complaint," said 1MDB.

1MDB also said its board is committed to finding a new auditor for the state fund, to replace Deloitte, which has previously notified 1MDB of its intention to resign on Feb 26.

"Until a new auditor is appointed, Deloitte will remain as auditor on record," said 1MDB.

"The board appreciates the professionalism displayed by Deloitte to date and highlights that Deloitte will continue to audit key subsidiaries of 1MDB, including but not limited to: TRX City Sdn Bhd (formerly known as 1MDB Real Estate Sdn Bhd), Bandar Malaysia Sdn Bhd and Edra Bhd," it added.

On July 20, the DOJ filed a civil forfeiture complaint to seize more than US$1 billion (RM4.07 billion) in assets, including luxury real estate and a jet, which it alleged were bought using funds laundered from 1MDB.