<\/p>\n
Mention the word \u201cAuditor\u201d and most people would cringe in Realistically, auditors are needed to ensure that For the year ended 2003, loans provided by the Malaysian One such step is changing the image of public auditors who The traditional role of public auditors as \u2018fault finders\u2019 Sarawak is a financially sound state. <\/span>It was awarded a clean certificate in 2003, To further enhance the positive shift in the auditing Other achievements of the NAD are the establishment of a Auditor-General<\/b><\/font><\/p>\n The Auditor-General is appointed by the Yang di Pertuan He is entitled to have unimpeded access to all records, His primary responsibility is to audit and certify the The Auditor-General is responsible for auditing the Types of Audit<\/b><\/font><\/p>\n There are three types of audit carried out by the NAD as <\/p>\n
\nfear or anxiety. <\/span>Auditors have been
\ngiven a bad name since time immemorial because of what they do \u2013 audit company
\nfinances, or nosing into your money would be how some people would look at
\nit. <\/span>But an audit, which is an official
\nscrutiny of accounts, is necessary as a check-and-balance system for sound
\nfinancial management or good governance.
\n<\/span><\/font><\/p>\n
\ncompanies or organizations keep good records of their financial spending. <\/span>This is especially important when dealing
\nwith government agencies or public listed companies where large amount of
\npublic funds is involved, and the financial performance of these organizations
\ncould invariably impact economic development of the country.<\/font><\/p>\n
\nFederal Government to States, which involved government agencies and private
\nsector, amounted to RM3.1 billion as compared to RM2.7 billion in 2001. <\/span>State Governments were found to have arrears
\nranging from RM19.57 million to RM512.52 million. <\/span>In order for government to have enough funds for nation building,
\nsteps must be taken to put due diligence on future financial management. <\/font><\/p>\n
\nplay a critical role as watchdogs in the world of financial management. <\/span>Times are changing and this can be seen with
\nthe recent television campaign of Dato\u2019 Seri Abdullah Ahmad Badawi, Prime
\nMinister of Malaysia \u2013 Fast Forward, with the slogan \u201cWork With Me, Not For
\nMe\u201d. <\/span>This is the emerging scenario of
\nsociety today \u2013 working together to achieve a common goal. <\/span><\/font><\/p>\n
\nis being transformed into that of \u2018advisors\u2019.
\n<\/span>The \u201cworking together\u201d relationship is being achieved by shifting from
\nan inflexible and impersonal audit report to a more flexible and personal
\nauditing process. <\/span><\/font><\/p>\n
\nfor the second consecutive year, after achieving strong financial management in
\nthe previous year\u2019s accounts. <\/span>According
\nto the Auditor-General, the state would probably be awarded a clean certificate
\nfor 2004 as well given its strong financial position in terms of assets and
\nborrowings. Sarawak could easily pay off its total loan amount of RM1.3 billion
\nfrom the Federal Government as its many assets are worth more than RM3 billion
\nby 2005. The State is an example of a financially well-managed state, which
\nincludes Penang, Selangor and Malacca.<\/font><\/p>\n
\nprocess, the National Audit Department (NAD) established adoption programmes
\nwhereby senior auditors would adopt different government departments to assist
\nin training the selected officers in proper record keeping, financial
\nmanagement and so on for a year. <\/span>This
\nis to minimize repetitive mistakes made by some departments due to the
\nignorance of officers.<\/font><\/p>\n
\ncorporate unit and a statutory bodies unit within the department to provide
\nbetter focus in these areas; and the set up of a National Audit Academy
\ntargeted to begin operations this year.
\n<\/span>The academy serves to provide team building and training for NAD staff
\nas well as staff from various departments.
\n<\/span>Courses offered at the RM45 million academy located on an 8 ha site in
\nLabu would include accountancy, auditing, management and ICT. <\/span>The academy would be able to accommodate 100
\nparticipants per course. <\/span><\/font><\/p>\n
\nAgong on the advise of the Prime Minister and after consultation with the
\nConference of Rulers. <\/span>He serves the
\nlegislature and is granted unimpeded right to audit and report directly to the
\nlegislature. <\/span>The staff of the National
\nAudit Department (NAD) discharges the audit on behalf of the Auditor-General.<\/font><\/p>\n
\nvouchers, documents, cash, stamps, securities, stores and other properties
\nsubject to his audits. <\/span>The
\nAuditor-General may call upon any person under oath to furnish any explanation
\nor information, which he may require, and any person called upon is legally
\nbound to furnish information or explanation required in his examination.<\/font><\/p>\n
\nappropriation and other accounts of the government, and to report the
\nexamination result to the Yang di Pertuan Agong, State Sultans or Yang di
\nPertua Negeri who will then cause it to be laid in Parliament or State
\nLegislatures.<\/font><\/p>\n
\naccounts of the following:<\/font><\/p>\n\n
\n
\n
\n
\n
\n
\nprescribed by the Audit Act, namely:<\/font><\/p>\n\n
\naudit is to provide an opinion whether the annual financial statement shows a
\ntrue and fair view of the financial position.
\n <\/span>The NAD personally audits 5 major agencies \u2013 Bank Negara, Tabung Haji,
\nSOCSO, EPF and Lembaga Tabung Angkatan Tentera.
\n <\/font><\/li>\n
\ncyclical compliance audit, which includes the inspection and evaluation on
\nactivities of the ministries, departments and agencies to determine whether
\nlaws and regulations are fully complied.
\n<\/span>This is where the staff goes down to the ground, study the Treasury Instructions
\n(TI) and analyze the respective department\u2019s financial management. <\/span><\/font>
\n <\/font><\/li>\n
\nstudy and evaluation of specific programmes or activities of ministries,
\ndepartments and agencies to determine whether the objective of the programmes
\nor activities are achieved, and whether the implementation of the programmes or
\nactivities was carried out in an economical, efficient and effective
\nmanner. <\/span>This will be the core business
\nof NAD in the future. <\/span>It is where NAD
\ncould see how projects and activities are implemented by observing three
\ncomponents \u2013 project planning, project implementation and project monitoring.<\/font><\/li>\n<\/ol>\n<\/div>\n
\n<\/font><\/p>\n