Finance management system project sullies Treasury’s audit report

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Malaysia News News

The IFMS project, which has cost more than R1bn since its inception in 2006, is meant to incorporate human resources and financial management systems across government

It may be minuscule in relation to the Treasury’s total revenue of R42bn for 2020/2021, but its irregular expenditure of R66m for that year indicates the department charged with managing the national purse and overseeing sound financial management across the government does not itself always get things right.

The irregular expenditure — incurred because the Treasury did not follow proper tender processes and did not properly approve expenditure — was highlighted in the report of the auditor-general, which is included in the department’s annual report tabled recently in parliament...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

always testify good deed of you sarah_gregory1 and that of the person who referred her, she’s an honest human who want the success of others feel free to contact her sarah_gregory1 and keep winning

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Eskom retirement fund targets infrastructure investmentFocus is on real assets such as toll roads, port projects and digital infrastructure Sometimes, life pushes you to do what you never wanted to do. I never wanted to venture into trading bitcoin but I had no choice with the tough situation in life than doing it with markdonaldlisaT and it was awesome and unbelievable with the massive cashout. Government is coming for your hard earned savings. That's the problem with the ANC, they will eventually run out of other peoples money too
Source: BDliveSA - 🏆 12. / 63 Read more »