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.
