{
  "id": 11446667,
  "title": "PSM calls for formal system to ensure action on audit findings",
  "url": "https://urgent.news/2026/10/02/psm-calls-for-formal-system-to-ensure-action-on-audit-findings-11446667",
  "topic": "world",
  "section": "World",
  "published": "2026-10-02T12:50:00.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/nation/2026/10/02/psm-calls-for-formal-system-to-ensure-action-on-audit-findings"
  },
  "original_language": "en",
  "account": "Parti Sosialis Malaysia (PSM) has urged the establishment of a formal system to ensure that action is taken on wastage and leakages identified in the auditor-general's reports. Chairman Dr Michael Jeyakumar Devaraj highlighted the need for a standard procedure following the release of these reports, which often detail numerous instances of financial mismanagement. A recent example cited by PSM is the unauthorized collection of RM50.74 million in student fees by an unregistered cooperative at Universiti Kebangsaan Malaysia. Jeyakumar emphasized the importance of strengthening the auditor-general's office by increasing its personnel to effectively scrutinize wastage in government spending. The party questioned the government agencies' adherence to investigating abuses of power highlighted in these reports, and whether the outcomes of such investigations were publicly disclosed. The 2026 Auditor-General's Report Series 1 identified 273 issues related to financial management and governance, ranging from irregularities in student fees to funding inefficiencies. PSM also suggested reducing the cost of public transport passes, increasing funding for apartment maintenance, easing tertiary education costs, and tackling transboundary haze through a joint initiative with Indonesia.",
  "summary": "PSM chairman Dr Michael Jeyakumar Devaraj says procedures should be introduced to ensure findings are investigated, acted on and reported.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "title": "PSM calls for formal system to ensure action on audit findings",
        "url": "https://urgent.news/2026/10/02/psm-calls-for-formal-system-to-ensure-action-on-audit-findings",
        "published": "2026-10-02T12:50:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}