Financial and Project Management

Empowering Progress through Transparent Audits

The financial standing of an organization is crucial, especially in the aftermath of the global COVID-19 pandemic. Many organizations worldwide face financial constraints, with crises emerging that inevitably affect income and spending trends. SKAD is committed to assisting Universiti Malaya (UM) in implementing prudent and effective financial management strategies to mitigate the risks posed by these financial challenges.

Financial audits conducted by SKAD provide an in-depth review of UM's financial management practices. These audits support UM's leadership in making informed decisions and ensure that all income and expenditures comply with established rules and policies. The audits also assess potential risks that could adversely impact UM's financial health.

SKAD's financial audit team specializes in assurance and consulting activities, such as conducting financial audits, performing rigorous financial data analysis using CAATs, and evaluating compliance with the Malaysia Public Sector Accounting Standard (MPSAS).

Meanwhile, an effective project management is essential for achieving UM's objectives. SKAD's role in project management involves assessing governance structures, ensuring regulatory compliance, and providing oversight on key project activities. These assessments enhance transparency and accountability across UM’s projects.

The project management audit team focuses on identifying risks, recommending solutions, and monitoring implementation to improve overall project outcomes. This proactive approach ensures UM’s projects align with institutional goals and deliver value efficiently.

Key Activities

Financial Management

• Conducting financial audits to ensure compliance with UM’s financial rules.
• Utilizing CAATs for advanced financial data analysis.
• Aligning practices with MPSAS for transparency and accuracy.

Project Management

• Auditing governance structures and regulatory compliance.
• Risk assessment and mitigation in project execution.
• Enhancing project transparency and accountability.

Our Approach

🔢 Providing assurance on financial reporting and project execution standards.

🎯 Enhancing decision-making with data-driven insights and analytics.

🏦 Identifying and mitigating financial and operational risks.

🏗️ Ensuring compliance with regulatory and internal governance requirements.