Ministry does not audit universities’ financial report
Posted on July 4, 2012, Wednesday
KUALA SELANGOR: The Higher Education Ministry (HEM) does not audit the financial report of all universities in the country as this is outside the jurisdiction of the ministry, said its minister Datuk Seri Mohamed Khaled Nordin.
He said the HEM only carried out auditing on academic matters such as the study programmes offered and the qualification of the teaching staff according to the Malaysian Rating System for Higher Education Institutions (Setara) carried out biennially since 2007.
“For the private institutions of higher learning (IPTS), they are usually audited by the companies that set up the universities concerned,” he said at a media conference after launching the mobile Optometry Clinic of Universiti Teknologi MARA (UiTM) at the Puncak Alam campus, here yesterday.
Mohamed Khaled said this when asked to comment on the claim that the financial report of a university owned by the Selangor state government, Universiti Selangor (Unisel), was not audited and was bearing losses.
Commenting further, he said that the HEM also did not have the power to stop politicians from holding positions as members of the Board of Directors of any university.
Last Sunday, Selangor Barisan Nasional (BN) deputy chairman Datuk Seri Noh Omar challenged Selangor Menteri Besar Tan Sri Abdul Khalid Ibrahim and gave him a week to disclose in detail the financial position of Unisel. — Bernama