Array
(
    [_edit_lock] => Array
        (
            [0] => 1727686600:23
        )

    [tdc_dirty_content] => Array
        (
            [0] => 1
        )

    [tdc_icon_fonts] => Array
        (
            [0] => a:0:{}
        )

    [_thumbnail_id] => Array
        (
            [0] => 229623
        )

    [_edit_last] => Array
        (
            [0] => 23
        )

    [onesignal_meta_box_present] => Array
        (
            [0] => 1
        )

    [onesignal_send_notification] => Array
        (
            [0] => 
        )

    [onesignal_modify_title_and_content] => Array
        (
            [0] => 
        )

    [onesignal_notification_custom_heading] => Array
        (
            [0] => 
        )

    [onesignal_notification_custom_content] => Array
        (
            [0] => 
        )

    [_post_language] => Array
        (
            [0] => 
        )

    [_molongui_author] => Array
        (
            [0] => guest-97702
        )

    [_molongui_main_author] => Array
        (
            [0] => guest-97702
        )

    [td_post_theme_settings] => Array
        (
            [0] => a:1:{s:11:"td_subtitle";s:128:" Auditor-General Datuk Wan Suraya Wan Mohd Radzi said this effort would help create a new era of enhanced governance in Malaysia";}
        )

    [_yoast_wpseo_primary_category] => Array
        (
            [0] => 599
        )

    [_yoast_wpseo_content_score] => Array
        (
            [0] => 30
        )

    [_yoast_wpseo_estimated-reading-time-minutes] => Array
        (
            [0] => 2
        )

    [_yoast_wpseo_wordproof_timestamp] => Array
        (
            [0] => 
        )

    [post_views_count] => Array
        (
            [0] => 213
        )

    [post_views_count_7_day_arr] => Array
        (
            [0] => a:7:{i:0;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:1;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:2;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:3;a:3:{s:4:"date";s:10:"1750950617";s:5:"count";i:1;s:14:"per_hour_count";a:1:{i:15;i:1;}}i:4;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:5;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:6;a:2:{s:4:"date";i:0;s:5:"count";i:0;}}
        )

    [post_view_7days_last_day] => Array
        (
            [0] => 3
        )

    [post_views_count_7_day_last_date] => Array
        (
            [0] => 1750950617
        )

    [post_views_count_7_day_total] => Array
        (
            [0] => 1
        )

    [post_views_last_24_hours] => Array
        (
            [0] => 1
        )

    [post_views_last_48_hours] => Array
        (
            [0] => 1
        )

)
National audit department to audit 2,000 GLCs next year | Scoop
Auditor-General Datuk Wan Suraya Wan Mohd Radz speaking during the Fireside Chat session of the Institute of Internal Auditors (IIA) Malaysia 2024 National Conference at the Kuala Lumpur Convention Centre, here today. - Bernama pic, September 30, 2024
News

National audit department to audit 2,000 GLCs next year

Auditor-General Datuk Wan Suraya Wan Mohd Radzi said this effort would help create a new era of enhanced governance in Malaysia

Bernama
Updated
4:56 PM MYT

 

KUALA LUMPUR – The National Audit Department (NAD) will be auditing 2,000 government-linked companies (GLCs) beginning next year in an effort to create a new era of enhanced governance in Malaysia, said Auditor-General Datuk Wan Suraya Wan Mohd Radzi.

This initiative follows the recent approval of the Audit Act 1957 amendment bill in July 2024, which significantly strengthens the Auditor-General’s powers, thus enabling a more comprehensive oversight of public spending in Malaysia.

“Next year we will be introducing a new approach to ensure that all 2,000 GLCs are audited. No entity will be left behind. Everybody will be audited during the first round,” she said.

This will be followed by some screening to identify lower-risk entities, followed by a more detailed analysis to ensure that governance and accountability are continuously improved, Wan Suraya said during a fireside chat session at the Institute of International Auditors Malaysia (IIAM) National Conference 2024.

She said the NAD is embracing a new era of accountability and governance through innovative approaches, particularly in the integration of technology.

“Our audit findings will be fully digitalised next year in terms of the way we conduct our audits and data analytics.

“We are currently working with some of our stakeholders to understand new technology, to understand how it is being done from the private sector level,” she said.

She added that the auditors will also ensure that the data collection will be done properly, within the parameters of the new technology, while maintaining confidentiality.

Wan Suraya said the NAD will be working closely with IIAM and the Malaysian Institute of Accountants (MIA) as well as other entities involved in the audit sector to achieve its goal.

Through these efforts, the department seeks to enhance public trust in Malaysia’s institutions by ensuring transparency and accountability in financial management.

At the same time, she said that the NAD is embarking on a new chapter of governance, with a shift towards thematic audits.

She highlighted that after conducting its first thematic audit on the forestry segment last year, the department is now focusing on critical areas such as food security and Sustainable Development Goals (SDGs).

“I think the SDG thematic report is very critical and very unique because we are also working with all the relevant parties that are doing it.

“Everybody claims to be SDG-compliant, but now we will see whether it is true or not,” she added. – September 30, 2034

Topics

 

◉ Popular

From player to mentor: Wee Wern calls time on glittering squash career, takes on coaching challenge

A desire to impart her years of experience to the younger generation has seen former world number five squash player Low Wee Wern make the tough decision to hang up her racquet.

Duck and cover? FashionValet bought Vivy’s 30 Maple for RM95 mil in 2018

Purchase of Duck's holding company which appears to be owned wholly by Datin Vivy Yusof and husband Datuk Fadzarudin Shah Anuar was made same year GLICs invested RM47 mil

No forced eviction of Pasir Panjang Ulu farmers, process was legal: Perak MB

Datuk Seri Saarani Mohamad said the process was carried out legally, adding that MB Inc held a series of direct negotiations with the farm operators since 2021, in addition to offering ex-gratia at a reasonable rate. 

◉ Related

Copyright © 2023. All rights reserved.