Auditors to scrutinise 2k GLCs from next year

The National Audit Department (NAD) will be auditing 2,000 government-linked companies (GLCs) beginning next year in an effort to create a new era of enhanced governance in Malaysia, said Auditor-General Wan Suraya Wan Mohd Radzi.

This initiative follows the recent approval of the Audit Act 1957 amendment bill in July 2024, which significantly strengthens the auditor-general’s powers, thus enabling a more comprehensive oversight of public spending in Malaysia.

“Next year we will be introducing a new approach to ensure that all nearly 2,000 gazetted...