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Audit incidents for selected local authorities in Malaysia / Asmah Haji Abdul Aziz and Emilin Abdul Wahid

This study examines the audit certificates and financial statements of selected local authorities. The main aspects emphasized in the study are the types of report issued and audit incidents exist in the certificates. 51 of the selected local authorities were analysed for eleven years from year 1990...

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Main Authors: Abdul Aziz, Asmah, Abdul Wahid, Emilin
Format: Conference or Workshop Item
Language:English
Published: 2004
Subjects:
Auditing. Bank examination
Balance sheets. Financial statements. Including corporation reports. Financial reporting. Financial disclosure
Malaysia
Online Access:https://ir.uitm.edu.my/id/eprint/42611/1/42611.pdf
https://ir.uitm.edu.my/id/eprint/42611/
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spelling my.uitm.ir.426112022-04-05T02:49:17Z https://ir.uitm.edu.my/id/eprint/42611/ Audit incidents for selected local authorities in Malaysia / Asmah Haji Abdul Aziz and Emilin Abdul Wahid Abdul Aziz, Asmah Abdul Wahid, Emilin Auditing. Bank examination Balance sheets. Financial statements. Including corporation reports. Financial reporting. Financial disclosure Malaysia This study examines the audit certificates and financial statements of selected local authorities. The main aspects emphasized in the study are the types of report issued and audit incidents exist in the certificates. 51 of the selected local authorities were analysed for eleven years from year 1990 to 2000, i.e. 561 audited financial statements. Audit reports were classified into three types, that is Clean Report (CR), Audit Qualification (AQ) and Comment Short of Audit Qualification (CSAQ). Based on the reports issued, most of the financial reports of local authorities did not achieve the expected standards. The types of report issued were 169 CR, 8 AQ and 384 CSAQ. Pertaining to the audit incidents there is variability in the pattern of the incidents. Some of the councils have many while some have very few incidents and some are free from any errors. This may suggests that it is not impossible to totally eliminate audit incidents and get a clean report. Possible explanations for the present of numerous audit incidents are lack of accounting skills and insufficient qualified staffs in preparing the accounts. While incidents occurs under the ‘Others’ category illustrates the lack of commitment and seriousness in discharging responsibilities. The numerous audit qualifications and audit comments provide evidence that the accounts were frequently violated and this is contrary to the government's expectation. Thus many local authorities should improve the quality of financial reporting and accountability to the public. 2004 Conference or Workshop Item PeerReviewed text en https://ir.uitm.edu.my/id/eprint/42611/1/42611.pdf (2004) Audit incidents for selected local authorities in Malaysia / Asmah Haji Abdul Aziz and Emilin Abdul Wahid. In: STSS 2004 : Prosiding Seminar Kebangsaan Sains Teknologi & Sains Sosial / Jilid 2 : Sains Sosial, 31 Mei – 1 Jun 2004, Hotel Vistana, Kuantan, Pahang.
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
topic Auditing. Bank examination
Balance sheets. Financial statements. Including corporation reports. Financial reporting. Financial disclosure
Malaysia
spellingShingle Auditing. Bank examination
Balance sheets. Financial statements. Including corporation reports. Financial reporting. Financial disclosure
Malaysia
Abdul Aziz, Asmah
Abdul Wahid, Emilin
Audit incidents for selected local authorities in Malaysia / Asmah Haji Abdul Aziz and Emilin Abdul Wahid
description This study examines the audit certificates and financial statements of selected local authorities. The main aspects emphasized in the study are the types of report issued and audit incidents exist in the certificates. 51 of the selected local authorities were analysed for eleven years from year 1990 to 2000, i.e. 561 audited financial statements. Audit reports were classified into three types, that is Clean Report (CR), Audit Qualification (AQ) and Comment Short of Audit Qualification (CSAQ). Based on the reports issued, most of the financial reports of local authorities did not achieve the expected standards. The types of report issued were 169 CR, 8 AQ and 384 CSAQ. Pertaining to the audit incidents there is variability in the pattern of the incidents. Some of the councils have many while some have very few incidents and some are free from any errors. This may suggests that it is not impossible to totally eliminate audit incidents and get a clean report. Possible explanations for the present of numerous audit incidents are lack of accounting skills and insufficient qualified staffs in preparing the accounts. While incidents occurs under the ‘Others’ category illustrates the lack of commitment and seriousness in discharging responsibilities. The numerous audit qualifications and audit comments provide evidence that the accounts were frequently violated and this is contrary to the government's expectation. Thus many local authorities should improve the quality of financial reporting and accountability to the public.
format Conference or Workshop Item
author Abdul Aziz, Asmah
Abdul Wahid, Emilin
author_facet Abdul Aziz, Asmah
Abdul Wahid, Emilin
author_sort Abdul Aziz, Asmah
title Audit incidents for selected local authorities in Malaysia / Asmah Haji Abdul Aziz and Emilin Abdul Wahid
title_short Audit incidents for selected local authorities in Malaysia / Asmah Haji Abdul Aziz and Emilin Abdul Wahid
title_full Audit incidents for selected local authorities in Malaysia / Asmah Haji Abdul Aziz and Emilin Abdul Wahid
title_fullStr Audit incidents for selected local authorities in Malaysia / Asmah Haji Abdul Aziz and Emilin Abdul Wahid
title_full_unstemmed Audit incidents for selected local authorities in Malaysia / Asmah Haji Abdul Aziz and Emilin Abdul Wahid
title_sort audit incidents for selected local authorities in malaysia / asmah haji abdul aziz and emilin abdul wahid
publishDate 2004
url https://ir.uitm.edu.my/id/eprint/42611/1/42611.pdf
https://ir.uitm.edu.my/id/eprint/42611/
_version_ 1729707467550490624
score 13.211869

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