A TOTAL of 1,875 government-linked companies (GLCs) and other public agencies have been found to have mismanaged public funds, according to the latest Auditor General's Report
These entities are now required to return the misappropriated funds following findings of financial leakages.
Auditor General Datuk Seri Wan Suraya Wan Mohd Radzi stated that these companies and government bodies would face action once the Auditor’s General Report is published.
“The follow-up actions taken by the Committee on the Follow-up to the Auditor General’s Report (JSLKAN) identified several instances of leakage, which will be recovered, either through state financial statements or the Federal Government’s financial records,” Sinar Harian cited her saying today.
The audit not only covers federal agencies but also statutory bodies and the 1,875 GLCs. “When we detect financial leakages, whether it’s funds that were not collected, not received, or otherwise mishandled, we ensure that corrective actions are taken,” she added during a press conference at the launch of the Accounting Fraud Working Group (KKFP) at Royale Chulan here.
Wan Suraya also emphasised that the audit process goes beyond simply recovering funds, also examining the governance and management irregularities within these bodies. In response to the evolving complexity of financial crimes, she noted that the National Audit Department is increasingly adopting new technologies to detect fraud.
“We are currently undergoing a digital transformation where almost all audits are now conducted digitally. We are also exploring how new technologies can be used to detect fraud, especially emerging and complex fraudulent activities. This has become an integral part of our ongoing work,” she explained. - May 19, 2025
