ASM yet to return RM31.66m unused funds to govt: Audit report

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KUALA LUMPUR: A total of RM31.66 million in unused R&D funds held by the Academy Sciences of Malaysia (ASM) under the previous government has not been...

A total of RM31.66 million in unused R&D funds held by the Academy Sciences of Malaysia under the previous government has not been returned to the government, according to the Auditor-General’s Report 2018 Series 1.

On the overall, the second audit report found the research and development programme fund under the Science, Technology and Innovation Ministry under the previous administration has not achieved the optimum efficient level as the targets set were not fully met. Besides, the weakness in unused fund also showed the approval process for application and agreement as well as physical monitoring affected the management of the R&D programme of the ministry, the report said.

Apart from that, there were 19 late agreements which were signed between 46 to 408 days compared to the target of 30 days as well as 28 fund applications that was approved late by MOSTI for between four to 211 days compared to its standard operating procedure of 60 days.

 

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