The Auditor-General's 2019 Report also said another member of the audit committee was also not from a finance background.Among the weaknesses include a delay in taking action against poor debt collection raised during an audit meeting on Jan 30 last year.
"All the audit committee members are CIDB officers who served as non-independent directors," it said. The service timeframe as well as roles and function were not included in the chairman's letter of appointment.These were among the weaknesses outlined in the report."Financial position is solid, but there are weaknesses in the company's credit management," it said.CIDB provided RM42.53mil in grants for CIDBEC to carry out training programmes and Building Information Modelling accreditation.
"Up to October last year, there was no written directive or clear guideline from CIDBEC on fee collection," it said.