No clear check-and balance mechanism for mySalam - AG Report
The management of mySalam, the National Health Protection Scheme, through the "individual trust account" does not provide sufficient internal control.
There is also no clear checks-and-balances mechanism, according to the Auditor-General’s Report 2019 Series 2.
This, read the report, led to the government being unable to...
The management of mySalam, the National Health Protection Scheme, through the "individual trust account" does not provide sufficient internal control.
There is also no clear checks-and-balances mechanism, according to the Auditor-General’s Report 2019 Series 2.
This, read the report, led to the government being unable to give assurance of reporting accountability and transparency in the implementation of the free takaful income assistance scheme.
“In general, based on the audit scope, it can be said that (mySalam) has provided takaful or income loss protection to the B40 group in the event of certain critical illnesses and hospitalisation,” read the report released today.
The clause in the mySalam Fund Order also did not state the power and role of the Finance Ministry and Bank Negara Malaysia (BNM).
The ministry and BNM, in a reply, said the individual trust account’s structure actually enabled detailed monitoring to gauge the effectiveness of the fund’s utilisation.
- Bernama
