The Presentation Formats of Malaysian Local Authorities’ Financial Statements
Nafsiah Mohamed, Mohd Hairy Mohd Yusof, Rozaiha Ab Majid
Available Online August 2013.
- https://doi.org/10.2991/icacsei.2013.110How to use a DOI?
- Local authorities, public sector accounting, financial reporting analysis, accounting transformation, Malaysia.
- 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.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
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 - 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 - https://doi.org/10.2991/icacsei.2013.110 ID - Mohamed2013/08 ER -