Recently, reported in The Star (26/6/06)
At the Asia-Pacific Chief Auditor Summist, yesterday, our Auditor-General Tan Sri Ambrin Buang highlighted the following:

• Auditors need to play an important role to ensure the successful implementation of Ninth Malaysia Plan (9MP) projects;
• Besides the normal work scope of just checking contract documents, auditors can audit projects during their stage of implementation as well and monitor the progress of these projects;
• As the 9MP’s first projects worth RM15bil would include building of schools, roads and bridges, the National Audit Department will continue to be vigilant against instances of wastage, extravagance, poor services, fraud and poor enforcement;
• Furthermore, with the help of the National Audit Department,  Parliament could also be updated on the status of the projects to resolve any delay in problems, ensuring the projects proceeded without unjustified delays hence the  government would not get “short-changed”. 

Also, present is the Internal audit professional consulting firm Columbus Circle Governance Sdn.Bhd.
According to its chairman, Navin Pasricha aid:

• Despite “recent research work” showing good compliance among Malaysian companies with corporate governance, the “spirit” to adhere to corporate governance is still lacking;
• The auditors and the companies they worked for would need to cultivate the attitude and sincerity to be fully motivated to adhere to the professionalism the codes represented;
• This professional attitude needs to be present from the top person of the company to everyone else, including internal auditors, as this would ensure they would not fiddle with the code and find loopholes,” Pasricha told a press conference at the Asia-Pacific Chief Auditor Summit yesterday;
• Since each organisation would have its own operating system, financial reports should mirror accurately the structure and performance of each company;

It’s managing director  David Berry further commended the move by Bursa Malaysia to set up an investor relations page on its website which he is a “brave move in terms of transparency.”  However, David Beery noted that it would be interesting to see how many public-listed companies could follow suit, with some having more trouble than others. He is optimistic that many would.