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Tuesday, October 30, 2012

'Pakatan polished audit with creative accounting'


BN backbenchers club (BNBBC) today accused Pakatan Rakyat-controlled states of indulging in creative accounting to make themselves look good in the auditor-general's report.

NONEBNBBC deputy head Abdul Rahman Dahlan(right in photo) said this was done by transferring funds from the states' trust accounts into their consolidated account and pass off the  money as revenue.

"Every state government has a trust account where money is allocated from the very beginning for specific purposes. The money may come from the state or federal government.

"For example, if there is a project requiring RM100 million, they put that amount in the trust account then just before the audit they move the balance - say RM 60 million - from the trust account into the state consolidated account. 

"It's creative accounting," he told a press conference at the Parliament lobby this morning.

[More to follow]

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