Latest news with #WanSuraya
Barnama
27-05-2025
- Business
- Barnama
NADM Recovers RM123 Million In Unremitted Revenue Following Audit Act Amendment
GENERAL PUTRAJAYA, May 27 (Bernama) -- The National Audit Department (NADM) has recovered approximately RM123 million in previously unpaid revenues since the amendment to the Audit Act 1957 (Act 62), which came into force last year, said Auditor-General Datuk Seri Wan Suraya Wan Mohd Radzi. She said the department has also tracked incomplete infrastructure projects that have been carried out in coordination with the auditors. '..after the Act was amended, we have been able to follow through on a lot of the issues highlighted in previous reports (The Auditor-General's Report). 'We have followed up on about RM123 million in unpaid revenues. We have followed up on infrastructure that was not done, through various platforms that we have with our auditors,' she said at the ASEAN Auditor Conference 2025 here today. Wan Suraya was one of the panelists for the high-level dialogue session titled Enhancing Public Sector Auditing Through Follow-Up Audit, moderated by Deputy Auditor-General Azman Mahmood. The other two panellists were the Philippines' Commission on Audit Chairperson Gamaliel Asis Cordoba and Indonesia's Audit Board Director General of Audit VII Pranoto. Wan Suraya added that the revised Act empowers the Auditor-General to take action on issues or make formal recommendations when serious irregularities are uncovered. 'I just like to flag that out because this is within the ambit of the new power. The other point I would like to highlight is that what we are trying to drive through now is the enhanced accountability through Parliament, since our reports are also debated there. 'This process ensures transparency and compels relevant ministries and agencies to justify their responses or inaction. This is a clear focus on turning findings into measurable action. We want to know what they are going to do to fix whatever deficiencies or inefficiencies are identified in the report,' she added.
The Star
27-05-2025
- Business
- The Star
NADM recovers RM123mil in unremitted revenue following Audit Act amendment
PUTRAJAYA: The National Audit Department (NADM) has recovered approximately RM123mil in previously unpaid revenues since the amendment to the Audit Act 1957 (Act 62), which came into force last year, said Auditor-General Datuk Seri Wan Suraya Wan Mohd Radzi. She said the department has also tracked incomplete infrastructure projects that have been carried out in coordination with the auditors. "..after the Act was amended, we have been able to follow through on a lot of the issues highlighted in previous reports (The Auditor-General's Report). "We have followed up on about RM123mil in unpaid revenues. We have followed up on infrastructure that was not done, through various platforms that we have with our auditors,' she said at the Asean Auditor Conference 2025 here on Tuesday (May 27). Wan Suraya was one of the panelists for the high-level dialogue session titled Enhancing Public Sector Auditing Through Follow-Up Audit, moderated by Deputy Auditor-General Azman Mahmood. The other two panellists were the Philippines' Commission on Audit Chairperson Gamaliel Asis Cordoba and Indonesia's Audit Board Director General of Audit VII Pranoto. Wan Suraya added that the revised Act empowers the Auditor-General to take action on issues or make formal recommendations when serious irregularities are uncovered. "I just like to flag that out because this is within the ambit of the new power. The other point I would like to highlight is that what we are trying to drive through now is the enhanced accountability through Parliament, since our reports are also debated there. "This process ensures transparency and compels relevant ministries and agencies to justify their responses or inaction. This is a clear focus on turning findings into measurable action. We want to know what they are going to do to fix whatever deficiencies or inefficiencies are identified in the report,' she added. Earlier, the conference also featured a keynote address by the Secretary-General of Asean Dr Kao Kim Hourn, delivered via video message. In his remarks, he highlighted the credibility and vital role of auditors across the public, private and internal audit sectors, while calling for stronger regional and cross-sector collaboration to build a trusted and competent audit profession. In line with Malaysia's Asean Chairmanship in 2025 and the appointment of Malaysia's Auditor-General as Chair of the Asean Audit Committee, NADM is hosting the inaugural Asean Auditor Conference 2025 from today until tomorrow at the Putrajaya International Convention Centre. The conference convenes 2,243 participants from public and private sectors, including regional and international delegates and several Heads of Supreme Audit Institutions from Asean and beyond, such as Brunei, the Philippines, Cambodia, Laos, the Maldives and Yemen. Held under the theme Inclusive and Sustainable Auditing for a Progressive Asean, the conference is a strategic platform to exchange knowledge and experiences aimed at strengthening audit frameworks in response to emerging challenges. These include digital transformation in auditing, alignment with Environmental, Social, and Governance (ESG) reporting standards, capacity building and enhanced cross-border collaboration.- Bernama
The Sun
27-05-2025
- Business
- The Sun
NADM pursues RM123 million in unremitted revenue following Audit Act amendment
PUTRAJAYA: The National Audit Department (NADM) has recovered approximately RM123 million in previously unpaid revenues since the amendment to the Audit Act 1957 (Act 62), which came into force last year, said Auditor-General Datuk Seri Wan Suraya Wan Mohd Radzi. She said the department has also tracked incomplete infrastructure projects that have been carried out in coordination with the auditors. '..after the Act was amended, we have been able to follow through on a lot of the issues highlighted in previous reports (The Auditor-General's Report). 'We have followed up on about RM123 million in unpaid revenues. We have followed up on infrastructure that was not done, through various platforms that we have with our auditors,' she said at the ASEAN Auditor Conference 2025 here today. Wan Suraya was one of the panelists for the high-level dialogue session titled Enhancing Public Sector Auditing Through Follow-Up Audit, moderated by Deputy Auditor-General Azman Mahmood. The other two panellists were the Philippines' Commission on Audit Chairperson Gamaliel Asis Cordoba and Indonesia's Audit Board Director General of Audit VII Pranoto. Wan Suraya added that the revised Act empowers the Auditor-General to take action on issues or make formal recommendations when serious irregularities are uncovered. 'I just like to flag that out because this is within the ambit of the new power. The other point I would like to highlight is that what we are trying to drive through now is the enhanced accountability through Parliament, since our reports are also debated there. 'This process ensures transparency and compels relevant ministries and agencies to justify their responses or inaction. This is a clear focus on turning findings into measurable action. We want to know what they are going to do to fix whatever deficiencies or inefficiencies are identified in the report,' she added. Earlier, the conference also featured a keynote address by the Secretary-General of ASEAN Dr Kao Kim Hourn, delivered via video message. In his remarks, he highlighted the credibility and vital role of auditors across the public, private and internal audit sectors, while calling for stronger regional and cross-sector collaboration to build a trusted and competent audit profession. In line with Malaysia's ASEAN Chairmanship in 2025 and the appointment of Malaysia's Auditor-General as Chair of the ASEAN Audit Committee, NADM is hosting the inaugural ASEAN Auditor Conference 2025 from today until tomorrow at the Putrajaya International Convention Centre. The conference convenes 2,243 participants from public and private sectors, including regional and international delegates and several Heads of Supreme Audit Institutions from ASEAN and beyond, such as Brunei, the Philippines, Cambodia, Laos, the Maldives and Yemen. Held under the theme Inclusive and Sustainable Auditing for a Progressive ASEAN, the conference is a strategic platform to exchange knowledge and experiences aimed at strengthening audit frameworks in response to emerging challenges. These include digital transformation in auditing, alignment with Environmental, Social, and Governance (ESG) reporting standards, capacity building and enhanced cross-border collaboration.
The Sun
27-05-2025
- Business
- The Sun
NADM pursues RM123mil unremitted funds after law change
PUTRAJAYA: The National Audit Department (NADM) has recovered approximately RM123 million in previously unpaid revenues since the amendment to the Audit Act 1957 (Act 62), which came into force last year, said Auditor-General Datuk Seri Wan Suraya Wan Mohd Radzi. She said the department has also tracked incomplete infrastructure projects that have been carried out in coordination with the auditors. '..after the Act was amended, we have been able to follow through on a lot of the issues highlighted in previous reports (The Auditor-General's Report). 'We have followed up on about RM123 million in unpaid revenues. We have followed up on infrastructure that was not done, through various platforms that we have with our auditors,' she said at the ASEAN Auditor Conference 2025 here today. Wan Suraya was one of the panelists for the high-level dialogue session titled Enhancing Public Sector Auditing Through Follow-Up Audit, moderated by Deputy Auditor-General Azman Mahmood. The other two panellists were the Philippines' Commission on Audit Chairperson Gamaliel Asis Cordoba and Indonesia's Audit Board Director General of Audit VII Pranoto. Wan Suraya added that the revised Act empowers the Auditor-General to take action on issues or make formal recommendations when serious irregularities are uncovered. 'I just like to flag that out because this is within the ambit of the new power. The other point I would like to highlight is that what we are trying to drive through now is the enhanced accountability through Parliament, since our reports are also debated there. 'This process ensures transparency and compels relevant ministries and agencies to justify their responses or inaction. This is a clear focus on turning findings into measurable action. We want to know what they are going to do to fix whatever deficiencies or inefficiencies are identified in the report,' she added. Earlier, the conference also featured a keynote address by the Secretary-General of ASEAN Dr Kao Kim Hourn, delivered via video message. In his remarks, he highlighted the credibility and vital role of auditors across the public, private and internal audit sectors, while calling for stronger regional and cross-sector collaboration to build a trusted and competent audit profession. In line with Malaysia's ASEAN Chairmanship in 2025 and the appointment of Malaysia's Auditor-General as Chair of the ASEAN Audit Committee, NADM is hosting the inaugural ASEAN Auditor Conference 2025 from today until tomorrow at the Putrajaya International Convention Centre. The conference convenes 2,243 participants from public and private sectors, including regional and international delegates and several Heads of Supreme Audit Institutions from ASEAN and beyond, such as Brunei, the Philippines, Cambodia, Laos, the Maldives and Yemen. Held under the theme Inclusive and Sustainable Auditing for a Progressive ASEAN, the conference is a strategic platform to exchange knowledge and experiences aimed at strengthening audit frameworks in response to emerging challenges. These include digital transformation in auditing, alignment with Environmental, Social, and Governance (ESG) reporting standards, capacity building and enhanced cross-border collaboration.
The Star
19-05-2025
- Business
- The Star
National Audit Dept powers expanded to cover 1,856 GLCs
KUALA LUMPUR: The amendment to the Audit Act 1957 [Act 62], which came into force last year, empowers the National Audit Department to conduct thorough audits of 1,856 government-linked companies (GLCs), says Auditor-General Datuk Seri Wan Suraya Wan Mohd Radzi. She said the amendment expands the department's scope, thereby strengthening the government's oversight of governance and financial management within GLCs. "This authority aligns with the amended Act 62, which extends the Auditor-General's powers to include audits of entities receiving government financial guarantees, introducing the 'follow the public money' audit approach. "It reflects the department's strategic role in detecting and assessing accounting fraud risks more effectively and in a more targeted manner,' she said at a press conference after the launch of the Accounting Fraud Working Group on Monday (May 19). Wan Suraya emphasised that, moving forward, all GLCs would be held accountable for any irregularities identified in the Auditor-General's Report. "The Auditor-General's Report Follow-Up Committee uncovered several instances of leakages through state and federal financial statements, which are now in the process of being recovered. "In addition to the GLCs, we also audit statutory bodies. When leakages are detected, whether in the form of uncollected or unreceived revenue, we will ensure that follow-up action is taken,' she said. She added that beyond the recovery of public funds, the audit process aims to determine whether serious irregularities, governance lapses, or systemic failures have occurred. Meanwhile, Wan Suraya highlighted that the department is also exploring the use of emerging technologies to enhance fraud detection, in line with increasingly complex trends. "We are undergoing a digitalisation process, with most audits now conducted digitally. We are exploring how new technologies can be leveraged to detect sophisticated and evolving fraud risks. "This has become an integral part of our ongoing audit operations," she said. - Bernama
