FGV appoints independent firm to conduct forensic audit
Felda says several other subsidiaries are also in the process of appointing independent audit firms to conduct forensic audits.
FGV Holdings Bhd, a subsidiary of Felda Group, has engaged an independent audit firm to conduct a forensic audit on specific matters concerning a corporate entity linked to the group. This decision aligns with recommendations from the Prime Minister, the Malaysian Anti-Corruption Commission, and a special committee tasked with reviewing the Felda Group's 2025-2030 strategic plan.
The primary objective is to enhance governance and sustainability within the Felda Group, as stated in Felda's official announcement. The company plans to periodically evaluate the necessity of appointing independent audit firms for comprehensive and professional forensic audits across all its organizations. Previously, Felda enlisted Ernst & Young for a similar audit in 2019, with its findings presented in Parliament via the Felda White Paper in 2020.
This latest forensic audit underscores Felda's management's continuous dedication to bolstering governance, accountability, transparency, and compliance across all operational levels. Felda remains committed to safeguarding the interests of the organization and the welfare of settlers.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 2 other outlets
- FGV appoints independent firm to conduct forensic audit freemalaysiatoday.com
- FGV appoints independent firm for forensic audit nst.com.my
