KUALA LUMPUR -- The Auditor-General's Report 2015 Series 1 tabled in Dewan Rakyat Wednesday showed excellent financial management performance by government agencies compared to the previous year.
Auditor-General Tan Sri Ambrin Buang said 180 ministries, departments and federal government agencies received Excellent (5-star) ratings compared to only 114 in 2014.
"This significant achievement has indicated that the implementation of the Accountability Index has prompted Controlling Officers to do the necessary improvements on financial management," he said in a statement released here, today.
He said the report was released earlier than usual this time around (before Prime Minister Datuk Seri Najib Tun Razak who is also the Finance Minister tabled the Budget 2017) as the National Audit Department had received the cooperation of the Department of National Accountant Malaysia.
"The Federal Government Financial Statements as a whole gives the impression of a true and fair financial standing of the Federal Government, as well as its operations and cash flow for the year ended December 31, 2015.
"Its accounting records have been properly maintained and updated," he said.