Malaysia legislation
Section 7
of Statutory Bodies (Financial and Accounting Procedure) Ordinance, 1995
Section 7
Submission of report to Minister
(2)
Where the auditor has in his report pointed out any discrepancies, irregularities and abnormalities in the accounts of a statutory body, the Chief Executive Officer shall submit, with the auditor’s report, an explanation for such discrepancies, irregularities and abnormalities and the action taken or would be taken by the statutory body to rectify the same to the Minister.
(3)
A copy of the reports and explanations referred to in subsections (1) and (2) shall be also sent by the statutory body to the
State Financial Authority who shall bring to the notice of the Minister any incompetence or repeated negligence on the part of the officers of the statutory body in the discharge of their financial duties for appropriate action to be taken under section 17.
Minister to cause audited statement of accounts to be laid before
Dewan Undangan Negeri