Internal Audit Outsourcing

Latest discussion with one of the audit firms in Malaysia, revealed that government agencies have been recently outsource their internal audit and accounting work. Somehow, the Auditor General is in control of internal audit outsourcing. Audit firms are required to register with Ministry of Finance in order to be chosen as an internal auditor for the agencies.

Same goes to accounting outsourcing. Some of newly established government agencies such as Cybersecurity and Mynic are outsourcing their accounting work to IA Group. Their main reason for outsourcing is to establish an accounting system and control.

So, there you go..high demand for internal audit and accounting outsourcing from local government in Malaysia.