Latest news with #General'sReport
The Sun
2 days ago
- Business
- The Sun
AG report finds flaws in selected pre-q procurement in three ministries
KUALA LUMPUR: The Auditor General's Report (AG Report) 2/2025 has raised concerns over the Selected Pre-Qualified Open Tender Procurement (Selected Pre-Q Procurement) method used by three ministries, stating it fails to expedite procurement as intended. The ministries under scrutiny are the Ministry of Energy Transition and Water Transformation (PETRA), the Ministry of Works (KKR), and the Ministry of Rural and Regional Development (KKDW). The audit, which focused on the Sabah Public Works Department (JKR) under KKR, found that the method allows potential manipulation and lacks transparency in company selection. 'Only certain companies were approved to participate in the tender, reducing market competitiveness,' the report stated. Another issue highlighted was the absence of a comprehensive database of reputable contractors. 'Ministries or departments involved do not have a database related to the list of reputable and high-performing companies,' the report noted. This gap further delays the process, with procurement periods stretching between 152 and 553 days due to unclear timelines. The AG Report recommended discontinuing the Selected Pre-Q Procurement method in favour of open tenders to ensure accountability. However, it acknowledged that the method could still be relevant for large-scale projects requiring specific technical and financial capabilities. To improve efficiency, the audit suggested stricter project selection criteria, focusing on urgent and non-specialised projects. It also called for clearer evaluation terms and the use of centralised databases like the Construction Industry Development Board's (CIDB) Centralised Information Management System (CIMS). – Bernama
New Straits Times
19-05-2025
- Business
- New Straits Times
National Audit Department explores new tech to uncover complex fraud
KUALA LUMPUR: The Auditor General's Department is exploring new technologies to detect fraud in light of the complex and emerging trends in fraud cases, says the Auditor General. Datuk Wan Suraya Wan Mohd Radzi said this was already part of their work process. "The National Audit Department is undergoing a digitalisation process, where almost all audits are now being carried out digitally, especially audits involving companies, which have already begun. "We are also exploring how to utilise new technologies to detect fraud, particularly the complex and emerging fraud issues. This is already part of our ongoing work process. "Embracing new technology is something we are committed to, and we must fully adopt it so that we can assist in tracking and finding solutions to new audit-related issues," she said at a press conference after the launch of the Accounting Fraud Working Group here today. Present were Malaysian Anti-Corruption Commission Chief Commissioner Tan Sri Azam Baki and Accountant General Nor Yati Ahmad. Earlier in her speech, Wan Suraya said the working group was established to develop more effective methods of controlling accounting fraud risks, build the capacity of agencies in identifying early fraud indicators, and, in the long term, to strengthen compliance with accounting standards and relevant laws. Wan Suraya added that the Auditor General's Report, published annually, had consistently highlighted various forms of non-compliance and weaknesses. This includes cases of misconduct and abuse of power, punitive misconduct issues involving individuals lacking integrity in administrative and financial processes, and weaknesses in financial management and governance within departments and government-linked companies, which compromise the effectiveness and transparency in the use of public resources. "These audit findings call for firm and coordinated action. At the same time, they highlight the need to strengthen internal controls, improve oversight mechanisms, and ensure greater accountability among all stakeholders. "If not addressed efficiently and effectively, these factors will lead to recurring weaknesses. Therefore, corrective measures should not focus solely on procedures, but also address workplace culture, structured monitoring, and human capital development within the public sector," she said. The working group will be spearheaded by the MACC. It includes the Auditor General's Department, Accountant General's Department, Inland Revenue Board, Malaysian Companies Commission, Universiti Teknologi Mara (UiTM), and the Malaysian Institute of Accountants.
