Panel highlights recurrent lapses in IT controls, financial governance by govt agencies
Singapore
THE parliamentary watchdog of public sector accounts has flagged recurrent lapses by Singapore's government agencies in the areas of IT controls and financial governance, and urged them to understand and fix the root causes.
The Public Accounts Committee (PAC), which reviews the Auditor-General's annual report, noted the lapses in many instances took place not because of a lack of rules, procedures or systems, but due to agencies failing to comply with the controls put in place.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Keppel sells stake in Dyna-Mac for S$100 million
STI climbs 0.8% on Friday, tracking regional rally
China’s Zeekr prices US IPO at top of range to raise US$441 million
Hin Leong founder OK Lim found guilty of 3 criminal charges
New weight-loss, diabetes drugs reach one in eight Americans
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO