The Unites States Supreme Court decision in US v. Arthur Young (1984) reaffirmed the auditors watchdog function when it said that auditors ultimate allegiance is to a corporations creditors and stockholders, as well as to the investing public. It added that the watchdog function demands that the accountant maintain total independence from the audit client at all times and requires complete fidelity to the public trust. Do you think Deloitte as the auditor of 1MDB had fulfilled its watchdog function effectively? Why do you say so?

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