Sabah Receives Prestigious Unmodified Opinion Certificate for Financial Excellence
KOTA KINABALU: Sabah’s systematic and well-planned development initiatives have earned the state one of the five prestigious Unmodified Opinion certificates awarded by the Auditor General of Malaysia.
This certification affirms that Sabah’s financial report for the year ending December 31, 2023, was received without fault, according to Assistant Minister to the Chief Minister Datuk Nizam Ab Nizam Ab Titingan.
Key Points:
- Sabah receives Unmodified Opinion certificate for financial excellence
- Sabah’s financial report for 2023 deemed faultless
- Sabah practices strong, transparent, and responsible financial management
- Recognition attributed to Sabah Maju Jaya development roadmap
- Public funds strategically channelled for long-term growth and stability
The financial statements were presented between January and June this year, Nizam said in a statement on Thursday (Oct 17). He also cited Auditor General Datuk Wan Suraya Wan Mohd Radzi in confirming that Johor, Pahang, Perak, and Sarawak were the other states to receive this honour.
“This achievement demonstrates that Sabah practices strong, transparent, and responsible financial management,” Nizam said. He attributed this success to the state’s Sabah Maju Jaya development roadmap, which takes a holistic approach to economic, social, and infrastructural development while ensuring fair opportunities for all.
Nizam highlighted that public funds were channelled strategically, prioritising critical areas to ensure long-term growth and stability for the state’s finances. He added that this recognition was a reflection of the state’s leadership and its commitment to thorough management of public resources.
“This also shows our continuous efforts to implement people-centric development plans while safeguarding the welfare of our citizens,” he said, thanking government and private sectors, agencies, and statutory bodies for their contributions to maintaining financial accountability.
“The Sabah government will continue to prioritise the people, ensuring the state remains a model of excellence in financial management and governance,” Nizam concluded.
Analysis:
Sabah’s receipt of the Unmodified Opinion certificate is a significant achievement that highlights the state’s commitment to strong, transparent, and responsible financial management. This recognition underscores Sabah’s dedication to holistic development through the Sabah Maju Jaya roadmap, ensuring economic, social, and infrastructural progress while providing fair opportunities for all citizens.
By strategically channelling public funds into critical areas, Sabah aims to achieve long-term growth and stability in its finances. This achievement reflects the state’s leadership’s dedication to managing public resources efficiently and effectively.
Overall, Sabah’s receipt of the Unmodified Opinion certificate showcases the state’s continuous efforts to prioritize its citizens’ welfare and implement people-centric development plans. It serves as a testament to Sabah’s commitment to financial accountability and governance excellence, setting a standard for other regions to follow.