PETALING JAYA: Transparency International Malaysia (TI-Malaysia) says it is disappointed that the latest Auditor-General’s Report for fiscal year 2023 shows lack of internal controls and weak compliance to policies in several federal agencies and subsidiaries.
"Federal agencies are reported to be not complying with the accounting standards when financial reporting is done, especially on government grants amounting to RM33.6bil, where procedures obtaining such grounds should be reviewed.
"Another glaring comment involves SWCorp under the Housing and Local Government Ministry where there are discrepancies in the Accounts Receivable balances related to local authorities," said TI-Malaysia president Dr Muhammad Mohan in a statement on Monday (March 3).
"Such discrepancies reflect poorly on the financial governance in the respective bodies and organisations.
Dr Muhammad questioned the accountability for these lapses, emphasising that the government must take a firm stance to hold the relevant leaders accountable for discrepancies involving public money.
