NEWS

FRIM receives financial management excellence award
By Published On: March 8, 2018

1

5 March 2018 (Monday) – Forest Research Institute Malaysia (FRIM) recently received the Financial Management Five Star Rating Excellence Award Based on Accountability Index (Anugerah Kecemerlangan Penarafan Lima Bintang Pengurusan Kewangan Berdasarkan Indeks Akauntabiliti) for 2016 from the National Audit Department.

Financial management excellence award

Abd Latif (left) and FRIM Finance Director Mohd Zamshari Abd Rahman showing the certificate.

This first five star rating award shows that FRIM under the leadership of Director General (DG) Dato’ Dr Abd Latif Mohmod have successfully ensured that the management of its finances has been conducted with full responsibility and accountability.

The certificate presented by the National Audit Department.

The audit conducted from 28 November to 22 December in 2016 focused on nine (9) aspects, namely Management Control; Budget Control; Receipting Control; Expenditures Control; Management of Trust Funds/Trust Accounts and Deposits; Management of Assets and Inventory; Investment Management and Loan Management as well as Financial Statements.

The audit process

The audit process in FRIM.

FRIM Finance Director Mohd Zamshari Abd Rahman said this achievement was the result of cooperation, awareness and commitment of all FRIM staff especially the DG’s commitment and emphasis on transparency and compliance with all regulations, ensuring prompt response and on-time delivery of assignments.

Abd Latif expressed hope that this award would serve to motivate FRIM staff to continue in their efforts to ensure and maintain excellence at work.