Audit institutions should be empowered to operate independently, says Anwar

The Star

Audit institutions in the country should be empowered to operate independently, says Prime Minister Datuk Seri Anwar Ibrahim.  Speaking at the closing of the Asean Auditor Conference on Wednesday (May 28), Anwar said that independent audit reports are crucial to reinforcing good governance and integrity within the government.  Read more at https://tinyurl.com/bdhk4myt  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

Transcript

00:00so let us talk about asyad's commitment unity shared values reaffirmed during the 46th summit

00:16in kuala lumpur but an integral part of this cohesionness is to ensure that we remain true

00:25to our ideals a community that focuses on responsible and good governance at the core of this good governance

00:39and good governance is to be accountable okay we talk about inclusivity sustainability yes but if you look

00:52at the asean community vision 2045 the premise is of course responsible and good governance that

01:03represents the conscience of the majority of people who wants to read the country of excesses endemic

01:10corruption and waste that is why i strongly support asean audit institutions to implement

01:21this vision and more so because we have um this woman of steel to hate as auditor general

01:35extremely tough and unpopular it doesn't matter because she's not contesting in the elections

01:46oh at least for now i don't know about the future so now we extend beyond this about

01:56upholding the highest standards of transparency and accountability and through this strengthen

02:07anti-corruption anti-corruption frameworks again through the independence of auditors and regulators no auditors in the past

02:17including the big audit firms are not entirely free from being the target due to excesses you know that

02:28here in this country and of course you look at the more developed industrialized economies

02:38there has been complicity at times if you look at for example the story of the one mdb scandal

02:46complicity of the big audit firms

02:49so we are not it's not a matter of actoring by them or lecture we have it enough so we have to prepare

03:00to face

03:02the challenges in our country and in our region that is why to my mind it's a particularly important

03:14endeavor that audit institutions to be empowered to operate independently and to follow the trail of

03:27accountability wherever it leads now having said that i'm telling you as prime minister it's not easy

03:36particularly we have a tough dg like this but she's doing her job that is why i've told mentioned this to my

03:44cabinet colleagues even i i don't determine what should be the results of the priority they brief me of course

03:55recently last two weeks or so about the report but brief not for me to go and interfere and change report

04:03i said brief me just before i present the report to the cabinet to be presented to the parliament for an

04:10open public debate that is what we mean by good governance and transparency

04:19now and this ultimately will strengthen governments and integrity and will be reflected in sustained

04:27improvement again to the corruption profession corruption perception index

04:35so let me give you this encouragement you want to see the future of asean is this cohesiveness

04:43this is trust this is born that would want to showcase the region

04:51the most peaceful region in the in the world right now and the fastest growing economy in the world

05:01is 650 million people but to showcase not because of numbers not because of our economic strength

05:11that because we represent a region that's peaceful and that honors good principles of good governance

05:26and accountability

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