Qualified audit reports of local authorities in the northern states of Malaysia
The reliability of information presented in the financial reports of local authorities is of utmost importance to enable the public to measure their performance in terms of efficiency and effectiveness in using public resources. The task to provide such an assurance lies with the Auditor General, wh...
Saved in:
Main Authors: | , , , |
---|---|
Format: | Article |
Language: | English |
Published: |
Universiti Utara Malaysia
2004
|
Subjects: | |
Online Access: | http://repo.uum.edu.my/2932/1/mmj826.pdf http://repo.uum.edu.my/2932/ http://mmj.uum.edu.my/ |
Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
id |
my.uum.repo.2932 |
---|---|
record_format |
eprints |
spelling |
my.uum.repo.29322011-05-12T06:45:13Z http://repo.uum.edu.my/2932/ Qualified audit reports of local authorities in the northern states of Malaysia Ibrahim, Mohammad Azhar Engku Ali, Engku Ismail Syed Ismail, Syed Soffian Bidin, Zainol HF5601 Accounting HJ Public Finance The reliability of information presented in the financial reports of local authorities is of utmost importance to enable the public to measure their performance in terms of efficiency and effectiveness in using public resources. The task to provide such an assurance lies with the Auditor General, who has been entrusted to enforce the auditing compliance regulations. A certificate in the form of “unqualified,” “qualified,” “adverse,” or “disclaimer” accompanied by a report on the financial affairs of the local authorities concerned will be issued after the Auditor General completes the audit of the local authorities’ financial statements. Our study on 14 local authorities comprising municipal and district councils in the Malaysian States of Perlis, Kedah and Penang found that the Qualified Certificate is the common type of audit certificate issued to the local authorities concerned during the period 1997-2001(inclusive of both years). Discrepancies in “Fixed Assets Register” ranked first among the audit incidents that led towards non-compliance to the audit procedures. This was followed by discrepancies in “Other Receivables” and “Cash Flow Statements” which ranked second and third positions respectively. Our finding also shows that size does not grant any advantage to the bigger local authority in reducing the number of audit incidents. Universiti Utara Malaysia 2004 Article PeerReviewed application/pdf en http://repo.uum.edu.my/2932/1/mmj826.pdf Ibrahim, Mohammad Azhar and Engku Ali, Engku Ismail and Syed Ismail, Syed Soffian and Bidin, Zainol (2004) Qualified audit reports of local authorities in the northern states of Malaysia. Malaysian Management Journal, 8 (2). pp. 77-86. ISSN 0128-6226 http://mmj.uum.edu.my/ |
institution |
Universiti Utara Malaysia |
building |
UUM Library |
collection |
Institutional Repository |
continent |
Asia |
country |
Malaysia |
content_provider |
Universiti Utara Malaysia |
content_source |
UUM Institutionali Repository |
url_provider |
http://repo.uum.edu.my/ |
language |
English |
topic |
HF5601 Accounting HJ Public Finance |
spellingShingle |
HF5601 Accounting HJ Public Finance Ibrahim, Mohammad Azhar Engku Ali, Engku Ismail Syed Ismail, Syed Soffian Bidin, Zainol Qualified audit reports of local authorities in the northern states of Malaysia |
description |
The reliability of information presented in the financial reports of local authorities is of utmost importance to enable the public to measure their performance in terms of efficiency and effectiveness in using public resources. The task to provide such an assurance lies with the Auditor General, who has been entrusted to enforce the auditing compliance regulations. A certificate in the form of “unqualified,” “qualified,” “adverse,” or “disclaimer” accompanied by a report on the financial affairs of the local authorities concerned will be issued after the Auditor General completes the audit of the local authorities’ financial statements. Our study on 14 local authorities comprising municipal and district councils in
the Malaysian States of Perlis, Kedah and Penang found that the Qualified Certificate is the common type of audit certificate issued to the local authorities concerned during the period 1997-2001(inclusive of both years). Discrepancies in “Fixed Assets Register” ranked first among the audit incidents that led towards non-compliance to the audit procedures. This was followed by discrepancies in “Other Receivables” and “Cash Flow Statements” which ranked second and third positions respectively. Our finding also shows that size does not grant any advantage to the bigger local authority in reducing the number of audit incidents. |
format |
Article |
author |
Ibrahim, Mohammad Azhar Engku Ali, Engku Ismail Syed Ismail, Syed Soffian Bidin, Zainol |
author_facet |
Ibrahim, Mohammad Azhar Engku Ali, Engku Ismail Syed Ismail, Syed Soffian Bidin, Zainol |
author_sort |
Ibrahim, Mohammad Azhar |
title |
Qualified audit reports of local authorities in the northern states of Malaysia |
title_short |
Qualified audit reports of local authorities in the northern states of Malaysia |
title_full |
Qualified audit reports of local authorities in the northern states of Malaysia |
title_fullStr |
Qualified audit reports of local authorities in the northern states of Malaysia |
title_full_unstemmed |
Qualified audit reports of local authorities in the northern states of Malaysia |
title_sort |
qualified audit reports of local authorities in the northern states of malaysia |
publisher |
Universiti Utara Malaysia |
publishDate |
2004 |
url |
http://repo.uum.edu.my/2932/1/mmj826.pdf http://repo.uum.edu.my/2932/ http://mmj.uum.edu.my/ |
_version_ |
1644278369175470080 |
score |
13.18916 |