Public sector auditing: issues underlying the audit of public enterprise / Garan Malina

Public enterprises provided the government with machinery to achieve the objectives of New Economic Policy with the advent of t tie Second Malaysia Plan (1971-1975) . Thus far billions of dollars has been invested for the enterprises to carry out their activities. In the process, due to mismanagement and incapabilities to cope with rapid development, some of the enterprises continually not meeting its targeted objectives. The issues connected to audit of public enterprises cannot escape the question of accountability. This is because to determine accountability, there must be an examination on the general set up of an organisation, its abjective and its operation. Thus creating question on the conduct of audit by the Auditor-General's Office.