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Wednesday, October 31, 2012

No truth to 'polished accounts' claim, says MB


Allegations that the Selangor government had used “creative accounting” to look good in the Auditor-General’s Report are “irresponsible and completely untrue”, said Menteri Besar Abdul Khalid Ibrahim. 

He told a press conference at the state secretariat building today that its financial statements are prepared in accordance with the National Accountancy Department’s standards, which in turn are based on the International Public Sector Accounting Standards - Financial Reporting Under the Cash Basis Accounting. 

In addition, he pointed out that even the 2011 Auditor-General’s Report says that the state’s financial statements give an accurate picture of its financial position. 

“The Selangor government constantly reminds its civil servants to practice transparency and responsibility when performing their duties and to be prudent in approving expenditure,” he said. 

Khalid, who is also the Ijok assemblyperson, said that this is amongst the reasons why the auditor-general had classified the state’s financial position as “good”. 

[More to follow]

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