KUALA LUMPUR: The financial management of government agencies for 2011 recorded a better performance compared with 2010, said Auditor-General Tan Sri Ambrin Buang.

He said of all the government agencies that were evaluated, 111 agencies or 31.4% were rated "very good" (four stars), compared with 77 agencies (21.6%) in 2010 and 48 agencies (12%) in 2009.

"This remarkable achievement shows implementation of the accountability index has motivated the Controlling Officers to take measures towards improving their financial management," he said in a statement issued here Monday.

The 2011 Auditor-General's Report will be distributed to parliamentary members at the Dewan Rakyat sitting later in the day.

Ambrin said the National Audit Department had implemented the rating system, which was based on the Accountability Index in 2007 to gauge the extent of compliance by government deparments and agencies to laws and regulations.

Ambrin said that based on the audit on 456 financial statements for 2011, 388 of them were given the Audit Certificate Without Reprimand.

The other 25 financial statements were issued the Audit Certificate With Reprimand because they did not meet the stipulated accounting standards, and the remaining 25 financial statements were still in the process of being audited, he added.

He said this was better than in 2010 where only 368 financial statements were given the Audit Certificate Without Reprimand while 33 financial statements were given the Audit Certificate With Reprimand.

Ambrin said the Government's revenue collection also showed an increase of RM25.77bil last year with a total collection of RM185.42bil from RM159.65bil in 2010.

"The increase in the world price of crude oil, strong domestic economic growth, as well as continuous enforcement activities by the Malaysian Inland Revenue Board and the Customs Department contributed to the increasing revenue," he added. - Bernama

• Kulim suspended on Thursday for corporate announcement
• Petronas Dagangan eyes regional airports to expand jet fuel biz
• KLCI ends in the red, BAT, UMW down (Update)
• Gloom lifted from MRCB Southern Link as ratings upgraded
• Malaysia's May inflation rate up 1.8% on-year
• Nazir: Bank of Commerce talks to conclude shortly
• Japan's exports pick up pace, give economy momentum
• Asia business sentiment rises in second quarter, global growth risk still dominates
• Moody's: Outlook on China's life insurance industry stable
• AIA and Public Bank offer new insurance plans
• Tambun Indah plans RM200m capex to expand landbank
• Tune Ins sees healthy growth as air travel, tourism pick up
• Nazir Razak: Rising likelihood of major reversal of hot money out from Asia
• Blue chips edge higher in volatile trade (Update)
• Eversendai tendering for RM8b of projects

• Singapore smog reaches record high (Updated)
• India monsoon floods leave 138 dead
• Turkey's 'silent man' vigils go on as protests fizzle out
• French floods claim first victim, Lourdes remains closed
• Thousands evacuated after blasts at Russian arms depot
• Bieber off hook after car hits photographer
• Mexico arrests man on FBI's top 10 Most Wanted list
• Disabled woman, US child held captive with snakes
• World's largest all-solar-powered boat shines in NYC
• Samoan airline introduces 'XL' class
• West Africa has world's worst piracy rate
• Congolese teacher admits killing elephants for ivory: WWF
• NASA enlists public in hunt for major asteroids

• Nadal seeded five at Wimbledon
• NBA: Heat beat Spurs to force game seven
• FedEx eyes record win at Wimbledon
• Brazilian Massa looking ahead to team’s revival
• V Shem-Khim Wah face tough opener in Singapore Open
• Springboks’ De Villiers may miss final
• Results worldwide
• Former world junior champ Zulfadli in main draw
• Star Wallaby winger fit to face Lions
• Hesson laments NZ’s failure to grab chance
• Omega Pharma pin Tour hopes on Mark
• Shahidan needs Cabinet nod to hold posts, says Khairy
• Direct flight now to Naypyitaw for Malaysian SEA Games squad
• Aussie Kulacz hopes to repeat 2009 Selangor Masters triumph
• India’s Anirban relying on short putter for success

• Please wait.

• Ex-judge calls for rebranding of vernacular schools
• Want a gun? Just print it out
• Inter-Pacific Research values AirAsia X at RM1.66
• Boy nabbed for buying air rifles
• Penang freak storm: Video clip of lightning arrester collapse uploaded on YouTube
• Perodua expects more competitive auto business environment
• Nazir Razak: Rising likelihood of major reversal of hot money out from Asia
• MAHB sets May 2, 2014 as KLIA2 revised opening date
• Fitch Affirms Genting and Genting Singapore at 'A-'/ Stable
• Airsoft guns are easily available online