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The magnitude of Public Accounts Committee’s (PAC’s) work in reviewing and reporting on state government’s financial statements / Rose Shamsiah Samsudin and Nafsiah Mohamed

This paper examines the function of the Public Accounts Committee (PAC) of all the eleven states in Peninsula Malaysia. The concept of PAC oversight exists as an essential effect to the legislature’s process, where oversight function compliments rather than hampers the effective performance of fina...

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Main Author: Nafsiah, Mohamed
Format: Article
Language:English
Published: Accounting Research Institute (ARI) & Faculty of Accountancy 2009
Online Access:https://ir.uitm.edu.my/id/eprint/262/2/262.pdf
https://ir.uitm.edu.my/id/eprint/262/
https://mar.uitm.edu.my/
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spelling my.uitm.ir.2622022-12-29T02:37:50Z https://ir.uitm.edu.my/id/eprint/262/ The magnitude of Public Accounts Committee’s (PAC’s) work in reviewing and reporting on state government’s financial statements / Rose Shamsiah Samsudin and Nafsiah Mohamed Nafsiah, Mohamed This paper examines the function of the Public Accounts Committee (PAC) of all the eleven states in Peninsula Malaysia. The concept of PAC oversight exists as an essential effect to the legislature’s process, where oversight function compliments rather than hampers the effective performance of financial accountability with which the executive is entrusted. A preliminary study was carried out on one 2005 PAC Report of a state and it was found that the Report was made based on the 2002 audited financial statements. Further analysis on the 2005 PAC Report of the other ten states reveals that the PAC Reports of all these states were outdated because they review non-current audited financial statements. Some states even reviewed and made reports on a few years’ financial statements concurrently. Thus, the significance of the PAC Report is at stake as the comments and recommendations made might not be relevant. Accounting Research Institute (ARI) & Faculty of Accountancy 2009-12 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/262/2/262.pdf The magnitude of Public Accounts Committee’s (PAC’s) work in reviewing and reporting on state government’s financial statements / Rose Shamsiah Samsudin and Nafsiah Mohamed. (2009) Malaysian Accounting Review, 8 (2). pp. 1-15. ISSN 1675-4077 https://mar.uitm.edu.my/
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
description This paper examines the function of the Public Accounts Committee (PAC) of all the eleven states in Peninsula Malaysia. The concept of PAC oversight exists as an essential effect to the legislature’s process, where oversight function compliments rather than hampers the effective performance of financial accountability with which the executive is entrusted. A preliminary study was carried out on one 2005 PAC Report of a state and it was found that the Report was made based on the 2002 audited financial statements. Further analysis on the 2005 PAC Report of the other ten states reveals that the PAC Reports of all these states were outdated because they review non-current audited financial statements. Some states even reviewed and made reports on a few years’ financial statements concurrently. Thus, the significance of the PAC Report is at stake as the comments and recommendations made might not be relevant.
format Article
author Nafsiah, Mohamed
spellingShingle Nafsiah, Mohamed
The magnitude of Public Accounts Committee’s (PAC’s) work in reviewing and reporting on state government’s financial statements / Rose Shamsiah Samsudin and Nafsiah Mohamed
author_facet Nafsiah, Mohamed
author_sort Nafsiah, Mohamed
title The magnitude of Public Accounts Committee’s (PAC’s) work in reviewing and reporting on state government’s financial statements / Rose Shamsiah Samsudin and Nafsiah Mohamed
title_short The magnitude of Public Accounts Committee’s (PAC’s) work in reviewing and reporting on state government’s financial statements / Rose Shamsiah Samsudin and Nafsiah Mohamed
title_full The magnitude of Public Accounts Committee’s (PAC’s) work in reviewing and reporting on state government’s financial statements / Rose Shamsiah Samsudin and Nafsiah Mohamed
title_fullStr The magnitude of Public Accounts Committee’s (PAC’s) work in reviewing and reporting on state government’s financial statements / Rose Shamsiah Samsudin and Nafsiah Mohamed
title_full_unstemmed The magnitude of Public Accounts Committee’s (PAC’s) work in reviewing and reporting on state government’s financial statements / Rose Shamsiah Samsudin and Nafsiah Mohamed
title_sort magnitude of public accounts committee’s (pac’s) work in reviewing and reporting on state government’s financial statements / rose shamsiah samsudin and nafsiah mohamed
publisher Accounting Research Institute (ARI) & Faculty of Accountancy
publishDate 2009
url https://ir.uitm.edu.my/id/eprint/262/2/262.pdf
https://ir.uitm.edu.my/id/eprint/262/
https://mar.uitm.edu.my/
_version_ 1753791943053148160
score 13.211869

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