Sabah implementing policy to boost local accounting sector


Finance Minister Datuk Seri Masidi Manjun receiving a memento from SAPA president Datuk Tan Kok Liang after presenting certificates to the association’s first batch of new members.

KOTA KINABALU: The Sabah government has introduced a new policy to boost local economic participation in the procurement of audit and financial services by State Statutory Bodies and government-linked companies.

Under the new guidelines, contracts for audit and financial services valued below RM50,000 must be awarded exclusively to Sabah-based firms registered with the Sabah Association of Professional Accountants (SAPA).

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