Page 128 - SP2025

Strategic Plan 2025 - 2030 | MEITD

This strategic objective aims to ensure strict adherence to financial policies, regulations, and
standards across MEITD ’ s operations, with particular emphasis on compliance with financial
regulations and circulars issued by the Sarawak Financial Secretary ’s Office, the State Treasury, and
adherence to Treasury Instructions. By fostering a culture of compliance and transparency, MEITD
seeks to minimize financial risks, enhance accountability, and build stakeholder trust.

Strengthening financial regulatory compliance safeguards MEITD ’s credibility by ensuring its
financial practices align with state, national, and global governance frameworks. This includes
establishing robust systems for monitoring, reporting, and auditing to prevent errors, fraud, and
mismanagement while optimizing the use of resources to achieve MEITD ’s strategic objectives.

Strengthen Financial Governance Enhance Reporting and
Structures Transparency

Establish clear roles, responsibilities, and Introduce comprehensive financial reporting
processes to ensure compliance with financial mechanisms to provide clear and accurate
regulations at all levels of the organisation. updates to stakeholders.

Implement Robust Financial Controls Provide Compliance Training

Develop and enforce internal controls to Offer regular training sessions to MEITD staff
prevent errors, fraud, and mismanagement of to enhance their understanding of financial
funds. regulations, procedures, and ethical practices.
Conduct Regular Financial Audits Adopt Technology for Compliance
Monitoring
Schedule periodic internal and external audits
to assess compliance and identify areas for Leverage digital tools to automate compliance
improvement. tracking and streamline financial processes
for real-time monitoring.

1. Full compliance with financial policies and 2. Increased transparency and
regulations, minimizing risks and accountability in financial management
maintaining MEITD ’s credibility. practices.

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