Latest news with #2025ManagementAccountingSeminar
The Star
07-05-2025
- Business
- The Star
Avoid hasty year-end spending, says Chief Secretary
PUTRAJAYA: The practice of hasty year-end spending in the civil service, which often leads to waste of resources, must be avoided entirely, says the Chief Secretary to the Government. Tan Sri Shamsul Azri Abu Bakar ( pic ) said poor expenditure management undermines the efficient use of resources and risks creating negative perceptions about the government's integrity and governance. He added that, although the Auditor-General's Report continues to raise issues about the government's financial management, misappropriation and wastage of public funds still occur. 'If left unaddressed, this issue could become increasingly complex, and, without firm solutions, it will affect the credibility and public perception of civil servants in general,' he said at the opening of the 2025 Management Accounting Seminar here yesterday, Bernama reported. The event was organised by the Accountant General's Department. The text of his speech was read out by Auditor-General Datuk Seri Wan Suraya Wan Mohd Radzi. According to Shamsul Azri, civil servants must ensure that transparency, integrity and accountability remain central principles of governance and ethics. He said the government is focused on optimising public spending by reviewing expenditure policies and allocating limited resources to ensure efficiency, effectiveness and value for money. 'Continually implementing policies geared towards targeted subsidies allows the government to reduce waste and leakage while creating fiscal space to improve assistance for vulnerable groups.' He added that the government has taken a positive step forward by amending the Audit Act 1957, which will broaden the audit scope concerning the management of public funds. This effort also ensures that audit recommendations are taken seriously and acted upon appropriately by all relevant parties, including ministries, departments, agencies, and any entities or companies that receive public funds,' he said. Shamsul Azri also said the Accountant General's Department, as the lead agency for management accounting across ministries, has introduced the Treasury Circular PS 1.3 – Implementation of Management Accounting. He said the circular outlines the policy and implementation of management accounting via the introduction of Strategic Management Accounting and Reporting (SMARt). 'This initiative directly enhances the efficiency, effectiveness and accountability of ministries in managing finances, risks, resources and performance by ensuring optimal resource utilisation,' he added. As such, Shamsul Azri urged all ministry secretaries-general, who also serve as controlling officers, to ensure the effective implementation of management accounting and SMARt in order to improve transparency and accountability in all financial decisions.
The Sun
06-05-2025
- Business
- The Sun
Avoid year-end spending sprees in civil service - Chief Secretary to govt
PUTRAJAYA: The practice of hasty end-of-year spending in the civil service, which often leads to waste of resources, must be avoided entirely, said Chief Secretary to the Government Tan Sri Shamsul Azri Abu Bakar. He said poor expenditure management not only undermines the efficient use of resources but also risks creating negative perceptions about the government's integrity and governance. He added that although the Auditor-General's Report (LKAN) continues to raise issues on the government's financial management, misappropriation and wastage of public funds still occur. 'If left unaddressed, this issue could become increasingly complex and, without firm solutions, it will affect the credibility and public perception of civil servants in general,' he said in his speech at the opening of the 2025 Management Accounting Seminar organised by the Accountant General's Department of Malaysia (AGD), here today. The text of his speech was read out by Auditor-General Datuk Seri Wan Suraya Wan Mohd Radzi. Shamsul Azri stressed that civil servants must ensure that transparency, integrity, and accountability remain central to the principles of governance and ethics. He said the MADANI government is focused on optimising public spending by reviewing expenditure policies and the allocation of limited resources to ensure efficiency, effectiveness and value for money. 'Continuing to implement policies geared towards targeted subsidies allows the government to reduce wastage and leakage while creating fiscal space to improve assistance for vulnerable groups,' he said. He added that the government has also taken a positive step forward by amending the Audit Act 1957, which will enhance audit scope in relation to public fund management. This effort also ensures that audit recommendations are taken seriously and acted upon appropriately by all parties, including ministries, departments, agencies, and any entities or companies receiving public funds. Shamsul Azri said the AGD, as the lead agency for management accounting across ministries, has introduced the Treasury Circular PS 1.3 - Implementation of Management Accounting. He said the circular outlines the policy and implementation of management accounting via the introduction of Strategic Management Accounting and Reporting (SMARt). 'This initiative directly enhances the efficiency, effectiveness, and accountability of ministries in managing finances, risks, resources, and performance by ensuring optimal resource utilisation,' he added. As such, Shamsul Azri urged all ministry secretaries-general, who also serve as controlling officers, to ensure the effective implementation of management accounting and SMARt in order to improve transparency and accountability in all financial decisions. 'Civil servants must proactively acquire increasingly complex technical competencies in finance and accounting, while also equipping themselves with non-financial intelligence to improve the effectiveness of management accounting practices in the public sector. 'The adoption of technologies based on big data analytics, artificial intelligence (AI) and smart automation can assist government agencies in collecting, analysing, and interpreting financial information in real time,' he said.
The Sun
06-05-2025
- Business
- The Sun
Govt must avoid wasteful end-of-year spending
PUTRAJAYA: The practice of hasty end-of-year spending in the civil service, which often leads to waste of resources, must be avoided entirely, said Chief Secretary to the Government Tan Sri Shamsul Azri Abu Bakar. He said poor expenditure management not only undermines the efficient use of resources but also risks creating negative perceptions about the government's integrity and governance. He added that although the Auditor-General's Report (LKAN) continues to raise issues on the government's financial management, misappropriation and wastage of public funds still occur. 'If left unaddressed, this issue could become increasingly complex and, without firm solutions, it will affect the credibility and public perception of civil servants in general,' he said in his speech at the opening of the 2025 Management Accounting Seminar organised by the Accountant General's Department of Malaysia (AGD), here today. The text of his speech was read out by Auditor-General Datuk Seri Wan Suraya Wan Mohd Radzi. Shamsul Azri stressed that civil servants must ensure that transparency, integrity, and accountability remain central to the principles of governance and ethics. He said the MADANI government is focused on optimising public spending by reviewing expenditure policies and the allocation of limited resources to ensure efficiency, effectiveness and value for money. 'Continuing to implement policies geared towards targeted subsidies allows the government to reduce wastage and leakage while creating fiscal space to improve assistance for vulnerable groups,' he said. He added that the government has also taken a positive step forward by amending the Audit Act 1957, which will enhance audit scope in relation to public fund management. This effort also ensures that audit recommendations are taken seriously and acted upon appropriately by all parties, including ministries, departments, agencies, and any entities or companies receiving public funds. Shamsul Azri said the AGD, as the lead agency for management accounting across ministries, has introduced the Treasury Circular PS 1.3 - Implementation of Management Accounting. He said the circular outlines the policy and implementation of management accounting via the introduction of Strategic Management Accounting and Reporting (SMARt). 'This initiative directly enhances the efficiency, effectiveness, and accountability of ministries in managing finances, risks, resources, and performance by ensuring optimal resource utilisation,' he added. As such, Shamsul Azri urged all ministry secretaries-general, who also serve as controlling officers, to ensure the effective implementation of management accounting and SMARt in order to improve transparency and accountability in all financial decisions. 'Civil servants must proactively acquire increasingly complex technical competencies in finance and accounting, while also equipping themselves with non-financial intelligence to improve the effectiveness of management accounting practices in the public sector. 'The adoption of technologies based on big data analytics, artificial intelligence (AI) and smart automation can assist government agencies in collecting, analysing, and interpreting financial information in real time,' he said.
Malay Mail
06-05-2025
- Business
- Malay Mail
Chief secretary urges civil service to stop year-end ‘Christmas shopping' culture, warns wasteful spending may corrode image
PUTRAJAYA, May 6 — The year-end rush to spend or 'Christmas shopping' culture in the public service, which leads to wasteful use of resources, must be avoided altogether, said Chief Secretary to the Government Tan Sri Shamsul Azri Abu Bakar. Bernama cited him saying poor spending practices not only reduce the efficiency of resource utilisation but could also damage public perception of the government's integrity and governance. Shamsul Azri noted that although the Auditor-General's Report had highlighted several issues relating to financial management, instances of misappropriation and wastage of public funds were still occurring. 'If this issue is allowed to grow more complex without decisive solutions, it will undermine the credibility and public perception of the civil service as a whole,' he said. He made the remarks at the opening of the 2025 Management Accounting Seminar themed 'Management Accounting: From Data to Decision-Making,' organised by the Accountant General's Department (AGD) here. His speech was delivered by Auditor-General Datuk Seri Wan Suraya Wan Mohd Radzi. Shamsul Azri stressed that civil servants must prioritise transparency, integrity, and accountability as core principles in governance and ethics. He said the Madani Government was focused on optimising public expenditure by reviewing existing spending policies and redistributing limited resources to ensure efficiency, effectiveness, and value for money. 'The ongoing implementation of targeted subsidies allows the government to reduce wastage and leakages, while creating fiscal space to enhance aid for vulnerable groups,' he said. Shamsul Azri also noted that the government had taken a progressive step by amending the Audit Act 1957, which will have a positive impact by broadening the audit scope in managing public finances. He said the move would also ensure audit recommendations are taken seriously and acted upon accordingly by all parties, including ministries, departments, agencies, and any entities receiving public funds. He added that AGD, as the leading management accounting agency across ministries, had taken the initiative to implement the Malaysian Treasury Circular PS 1.3 — Implementation of Management Accounting. According to Shamsul Azri, the circular outlines the policies and implementation of management accounting through the introduction of Strategic Management Accounting and Reporting (SMARt). 'Management accounting will focus on delivering the best value benefits, complementing the government's fiscal management. 'This initiative will directly enhance the efficiency, effectiveness, and accountability of ministries in managing finances, risks, resources, and public service performance by ensuring optimal use of resources,' he said. As such, Shamsul Azri urged all ministry secretaries-general, who are also designated as controlling officers, to ensure the effective implementation of management accounting and SMARt reporting to increase transparency and accountability in all financial decisions. 'Civil servants must take proactive steps to develop increasingly complex technical competencies in finance and accounting, while equipping themselves with non-financial intelligence to improve management accounting practices in the public sector. 'The adoption of data analytics, artificial intelligence (AI), and smart automation technologies can help government agencies collect, analyse, and interpret financial data in real time,' he said.
The Star
06-05-2025
- Business
- The Star
Avoid year-end spending sprees in civil service, says Chief Secretary
PUTRAJAYA: The practice of hasty end-of-year spending in the civil service, which often leads to a waste of resources, must be avoided entirely, says Chief Secretary to the Government Tan Sri Shamsul Azri Abu Bakar (pic) . He said poor expenditure management not only undermines the efficient use of resources but also risks creating negative perceptions about the government's integrity and governance. He added that although the Auditor-General's Report continues to raise issues on the government's financial management, misappropriation and wastage of public funds still occur. "If left unaddressed, this issue could become increasingly complex and, without firm solutions, it will affect the credibility and public perception of civil servants in general,' he said in his speech at the opening of the 2025 Management Accounting Seminar organised by the Accountant General's Department of Malaysia (AGD) here on Tuesday (May 6). The text of his speech was read out by Auditor-General Datuk Seri Wan Suraya Wan Mohd Radzi. Shamsul Azri said civil servants must ensure that transparency, integrity and accountability remain central to the principles of governance and ethics. He said the government is focused on optimising public spending by reviewing expenditure policies and the allocation of limited resources to ensure efficiency, effectiveness and value for money. "Continuing to implement policies geared towards targeted subsidies allows the government to reduce wastage and leakage while creating fiscal space to improve assistance for vulnerable groups,' he said. He added that the government has also taken a positive step forward by amending the Audit Act 1957, which will enhance audit scope in relation to management of public funds. This effort also ensures that audit recommendations are taken seriously and acted upon appropriately by all parties, including ministries, departments, agencies and any entities or companies receiving public funds. Shamsul Azri said the AGD, as the lead agency for management accounting across ministries, has introduced the Treasury Circular PS 1.3 – Implementation of Management Accounting. It outlines the policy and implementation of management accounting via the introduction of strategic management accounting and reporting (SMARt). "This initiative directly enhances the efficiency, effectiveness, and accountability of ministries in managing finances, risks, resources, and performance by ensuring optimal resource utilisation,' he added. As such, Shamsul Azri urged all ministry secretaries-general, who also serve as controlling officers, to ensure the effective implementation of management accounting and SMARt in order to improve transparency and accountability in all financial decisions. "Civil servants must proactively acquire increasingly complex technical competencies in finance and accounting, while also equipping themselves with non-financial intelligence to improve the effectiveness of management accounting practices in the public sector. "The adoption of technologies based on big data analytics, artificial intelligence (AI) and smart automation can assist government agencies in collecting, analysing, and interpreting financial information in real time,' he said. – Bernama
