NO CLEAR CHECKS-AND-BALANCES MECHANISM FOR MYSALAM - AUDIT
KUALA LUMPUR, Sept 28 -- The management of mySalam, the National Health Protection Scheme, through the individual trust account does not provide for sufficient internal control and a clear checks-and-balances mechanism, according to the Auditor-General’s Report 2019 Series 2.
It said this led to the government being unable to give assurance of reporting accountability and transparency in the implementation of the free takaful income assistance scheme in order to meet the objectives set.
“In general, based on the audit scope, it can be said that (mySalam) has provided takaful or income loss protection to the B40 group in the event of certain critical illnesses and hospitalisation,” said the report released today.
It also said that the clause in the mySalam Fund Order also did not state the power and role of the Finance Ministry (MoF) and Bank Negara Malaysia (BNM).
The MoF and BNM, in their reply, said the individual trust account’s structure enabled the detailed surveillance and monitoring to gauge the effectiveness of the fund’s utilisation.
-- BERNAMA
BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 IFLIX channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial
