NOVEMBER 9 — Malaysia has recently intensified its efforts to reinforce accountability and transparency within its commercial entities, especially Government-Linked Companies...
NOVEMBER 9 — Malaysia has recently intensified its efforts to reinforce accountability and transparency within its commercial entities, especially Government-Linked Companies .
The public has a vested interest in ensuring that GLCs manage resources effectively and responsibly, as these entities frequently oversee major initiatives across infrastructure, finance, telecommunications, and other strategic sectors. Audits by Malaysia’s National Audit Department are increasingly recognised as fundamental to achieving these standards.For Malaysia, the accountability and transparency of GLCs extend far beyond administrative formalities; they are essential to national progress.
These independent assessments ensure that GLCs adhere to policies that prioritise public interest and align with international best practices, thus bolstering their credibility and reliability. Second, audits highlight operational inefficiencies that may otherwise go unaddressed. By identifying cost-saving measures or wasteful expenditures, NAD audits enable GLCs to optimise their resource allocation, enhancing their performance and financial health.
National Audit Department Auditor General
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