Friday, October 23, 2009

Lack of financial controls in our government...

nothing new really, since we have been getting Auditor General's Report annually with highlights of some incredibly expensive purchases.

Common sense tells us that it boils down to spending money not from our own pockets, yet which could fill our own, with no need to face the music, probably a transfer to another town.

What does that tell us on the effectiveness of our top civil servants? Shouldn't they be held responsible for their own ministries or departments? Why are there no actions taken to prevent recurrence?

Our accounting students have been top students in all the major accounting examinations, so there is certainly no lack of knowledge nor expertise on financial controls. We have all the major international accounting firms having offices here with their world class management consultancies, if only they are allowed to intervene.

The reason for not discovering why 2 laptop computers were paid Rm42,000 each (almost 10 times actual cost) was put to no breakdown of the bill! Whoever in charge or said that must be a fool, or at least pretended to be one, and definitely treating us all like fools.

Are we going to continue to live in a fools' paradise?
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