KUALA LUMPUR (March 7): Financial statement audits of government entities are the core priority for the National Audit Department (NAD) starting this year, to address the issues of non-compliance and internal management shortfalls, said Auditor General Datuk Wan Suraya Wan Mohd Radzi.
“Financial statement audits will become a core and important part of our (NAD) work, especially beginning this year,” Wan Suraya told the audience at the Bank Audit Conference 2024 during her keynote address.
“The rationale for this is to respond to the concern by the government over instances of non-compliance and internal control weaknesses that are repeatedly mentioned in the annual audit reports in the past,” she added.
Wan Suraya said this forms one of NAD’s priorities towards becoming more stakeholder-focused and delivering value in the audit services it provides.
She noted that overall, the NAD conducts over 400 financial audits a year on federal agencies, federal and state statutory bodies, local governments and Islamic religious councils.
Through this, the auditor general said the NAD plays a focal role in the machinations of Malaysia’s parliamentary system in its duty to ensure the…
