Latest news with #WGFA
Barnama
26-06-2025
- Business
- Barnama
Improvements In Public Sector Auditing Among Main Agenda At WGFA Meeting
GEORGE TOWN, June 26 (Bernama) -- Continuous improvement in public sector auditing is among the main agenda to be discussed at the ongoing inaugural meeting of the Working Group on Follow-up Audit (WGFA) here. In a statement, the National Audit Department said the two-day meeting, chaired by Malaysia, marks the first gathering of the newly established WGFA under the International Organisation of Supreme Audit Institutions (INTOSAI). Other key agenda items include the finalisation of the Terms of Reference for the WGFA, which will serve as a guiding framework for the working group's direction and operations, aimed at enhancing accountability and promoting continuous improvement in public sector auditing. bootstrap slideshow Participants will also share best practices in audit follow-up procedures, with Malaysia presenting its Auditor-General Dashboard, which tracks all issues raised in the Auditor-General's Reports and ensures active monitoring until they are fully resolved. 'As of 2024, a total of RM157.73 million in public funds have been recovered as a result of audit follow-ups conducted at the federal and state levels,' the statement noted. Looking ahead, the statement said the WGFA 2025-2028 Work Plan includes long-term initiatives to develop Best Practice Guidelines for audit follow-ups, in collaboration with INTOSAI member countries. The group will also explore the need for specialised training and capacity-building programmes to enhance the quality and impact of follow-up audits in each member country. Malaysia's Auditor-General Datuk Seri Wan Suraya Wan Mohd Radzi presided over the meeting, which gathered 71 participants from 43 Supreme Audit Institutions (SAIs) around the world. In her opening remarks as Chair of the INTOSAI WGFA, Wan Suraya emphasised that Malaysia's leadership of the group reflects the global commitment to a dynamic, structured, and high-impact collaborative audit framework.
New Straits Times
26-06-2025
- Business
- New Straits Times
Malaysia recovers RM158mil in public funds via follow-up audits
KUALA LUMPUR: Malaysia has recovered RM157.73 million in public funds through follow-up audits since last year, thanks to tighter monitoring and improved enforcement by the National Audit Department. The achievement was highlighted in a statement issued today in conjunction with the inaugural meeting of the Working Group on Follow-up Audit (WGFA), a newly established body under the International Organisation of Supreme Audit Institutions (Intosai). Malaysia is chairing the group, which aims to help countries strengthen their follow-up mechanisms to ensure audit findings lead to concrete action and resolution. The two-day meeting, which began today in Penang, brought together 71 auditors from 43 countries, including officials from Bulgaria, Oman, South Africa, Thailand and Turkiye. The group includes heads of audit agencies and senior auditors. Malaysia's Auditor General (AG) and Intosai WGFA chair Datuk Seri Wan Suraya Wan Mohd Radzi said the group's creation shows the global commitment to better accountability in public spending. A key highlight from Malaysia was the introduction of the AG's Dashboard, a digital system that tracks every issue raised in the AG's report until it is fully resolved. The meeting will also finalise the group's official framework and plan future projects, including a guideline that shares best practices for follow-up audits globally. Delegates also discussed the need for more training and support to help countries improve their audit follow-up work, which is seen as a key part of public sector reform. The event was supported by the Penang state government, along with other local agencies, to promote tourism and economic growth in the state.
