PETALING JAYA, Aug 7 — A Putrajaya-linked Islamic think tank has blamed poor audit practices for RM7.4 million of its allocation deemed untraceable, after its operations was suspended by Putrajaya.
In a statement, the Islamic Strategic Research Institute Malaysia (Iksim) has slammed Minister in the Prime Minister’s Department Datuk Mujahid Yusof Rawa for his alleged slander, claiming it was based on an “incomplete audit” by the Federal Territories Islamic Religious Council (MAIWP).
It insisted that the internal audit team from MAIWP which is tasked to audit their financial accounts is not an accredited body.
“In fact, their findings are categorised as incomplete, as an ‘exit conference’ has yet to be conducted,” it said.
An exit conference is when the audit result is…
