How should we judge a government?

In Malaysia, if you don't watch television or read newspapers, you are uninformed; but if you do, you are misinformed!

"If you're not careful, the newspapers will have you hating the people who are being oppressed, and loving the people who are doing the oppressing." - Malcolm X

Never argue with stupid people, they will drag you down to their level and then beat you with experience - Mark Twain

Why we should be against censorship in a court of law: Publicity is the very soul of justice … it keeps the judge himself, while trying, under trial. - Jeremy Bentham

"Our government is like a baby's alimentary canal, with a happy appetite at one end and no
responsibility at the other. " - Ronald Reagan

Government fed by the people

Government fed by the people

Career options

Career options
I suggest government... because nobody has ever been caught.

Corruption so prevalent it affects English language?

Corruption so prevalent it affects English language?
Corruption is so prevalent it affects English language?

When there's too much dirt...

When there's too much dirt...
We need better tools... to cover up mega corruptions.

Prevent bullying now!

Prevent bullying now!
If you're not going to speak up, how is the world supposed to know you exist? “Orang boleh pandai setinggi langit, tapi selama ia tidak menulis, ia akan hilang di dalam masyarakat dan dari sejarah.” - Ananta Prameodya Toer (Your intellect may soar to the sky but if you do not write, you will be lost from society and to history.)

Sunday, March 08, 2015

1MDB: Cabinet and a minister too quick to provide clearance

Soon after the cabinet listened to an explanation by auditors, Deloitte, they seem satisfied with it.
Now, comes an example of unsolicited comment by a minister, in his haste to show support for PM:

'The 1Malaysia Development Berhad (1MDB) has received a clean audit report (unqualified) for its audited financial statements for the year 2010-2014 by the Companies Commission of Malaysia (CCM).

Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Hasan Malek said until today, no reports of serious offenses such as fraud and dishonesty were detected during the audit of 1MDB.

It was an offense under the Companies Act 1965 if the auditor did not report any serious offense to the CCM, which carries a jail term of seven years or RM250,000 fine or both, he said in a statement here.

Therefore, he said, any wrongdoing of 1MDB funds was merely an allegation and had been refuted by related parties including 1MDB and Petro Saudi Limited.' -

Just like the cabinet's quick clearance on 1MDB, the minister's statement is a no-brainer and unhelpful in giving assurance to the public on the company's state of affairs.

CCM's role is to ensure registered companies comply with the Companies Act 1965. That a company filed its audited financial statements which are unqualified by its auditors does not necessarily mean there are no problems with the accounts, especially in the case of 1MDB which has attracted widespread suspicions.

The external auditors' role is rather limited in scope and is best summed up by the expression that they are 'watchdogs, not blood hounds'. If directors are bent on scheming to hide certain transactions, it is unlikely to be revealed by standard auditing programmes. There are already calls for the Auditor General and Public Accounts Committee to separately audit the accounts, which must have been an insult to the relevant external auditors involved. Some people do not even trust the government bodies to audit and have even called for forensic auditors!

Our government's credibility must be at an all time low.


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