Corporate Governance is a process and structure implemented by companies and businesses to achieve business prosperity and sustainability while ensuring corporate accountability, with the ultimate objective of realising long-term shareholder value, taking into account the interests of all stakeholders. In order to realise a comprehensive and rigorous anti-corruption corporate culture, there is an urgent need for Malaysian companies and businesses to put in place preventive measures that reinforce ethical leadership, good governance, transparency, accountability and respect for the rule of law in their operational procedures.
In view of the recent national spotlight on corruption, Group Internal Audit decided to take on fraud as the key topic for our annual workshop this year.
And so, there is this joke about the love/hate relationship between auditors and clients.
Auditor: We’re coming to audit you soon. Will you guys be available?
Auditee: Sure, you know we love you guys!
Auditee: Well, we hate to see you coming and love to see you going.