The Presentation Formats of Malaysian Local Authorities’ Financial Statements

DOI

10.2991/icacsei.2013.110How to use a DOI?

Keywords

Local authorities, public sector accounting, financial reporting analysis, accounting transformation, Malaysia.

Abstract

Malaysian local authorities play a crucial role in providing services to the community. However, the performance of local authorities has been subjected to various criticisms which include poor services rendered to the locals and the inefficiency of local authorities’ management1. Malaysia is experiencing rapid development with a vision of becoming a fully developed nation by 2020. In order to achieve this, an efficient financial management system is required in all government agencies including the local authorities. The efficiency depends on the effectiveness of the financial management and the quality and reliability of the financial reports prepared. A study was carried out to compare the formats of financial statements formats adopted from 2004 to 2008. 75 local authorities (out of 96 local authorities in West Malaysia) responded by sending their audited financial statements. The trend analysis revealed that the local authorities were not consistent in the formats adopted.

Copyright

© 2013, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Nafsiah Mohamed
AU  - Mohd Hairy Mohd Yusof
AU  - Rozaiha Ab Majid
PY  - 2013/08
DA  - 2013/08
TI  - The Presentation Formats of Malaysian Local Authorities’ Financial Statements
BT  - Proceedings of the 2013 International Conference on Advanced Computer Science and Electronics Information (ICACSEI 2013)
PB  - Atlantis Press
SP  - 444
EP  - 447
SN  - 1951-6851
UR  - https://doi.org/10.2991/icacsei.2013.110
DO  - 10.2991/icacsei.2013.110
ID  - Mohamed2013/08
ER  -