Government-Linked Companies To Be Audited

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The story "Government-Linked Companies To Be Audited" was covered 12 hours ago by Business Today, a news publisher based in Malaysia.

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Business Today Logo Business Today 12h ago

Government-Linked Companies To Be Audited - Business Today

Quick Summary:

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), said Auditor-General Datuk Seri Wan Suraya Wan Mohd Radzi.

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When leakages are detected, whether in the form of uncollected or unreceived revenue, we will ensure that follow-up action is taken,” she said.