1MDB, which has courted international fame for the wrong reasons, has appointed a new auditor, almost six months after the previous firm tasked with number crunching its accounts, Deloitte Malaysia, resigned.

Yesterday, 1MDB chairperson Irwan Serigar Abdullah revealed that Parker Randall has been appointed as the new auditor for the state investment arm.

But who, or to be more precise, what is Parker Randall?

Parker Randall refers to itself as the association of member firms of Parker Randall International Limited.

Parker Randall, however, has a collection of associate companies around the world and its member firms offer auditing, accountancy and other services in 53 countries in more than 100 offices...