Financial management accountability index in the Malaysian public sector : a way forward

The National Audit Department (NAD) of Malaysia has introduced the Financial Management Accountability Index (FMAI) within the framework of the audit rating system. This study shares the Malaysian experience in using FMAI as an accountability medium, evaluates the FMAI scores obtained by agencies, a...

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Main Authors:	Abu Bakar, Nur Barizah, Ismail, Suhaiza
Format:	Conference or Workshop Item
Language:	English
Published:	2010
Subjects:	HG4001 Financial management. Business finance. Corporation finance.
Online Access:	http://irep.iium.edu.my/11350/ http://irep.iium.edu.my/11350/1/WA_11350_SUHAIZA__Financial_Management_Accountability_Index.pdf

id	iium-11350
recordtype	eprints
spelling	iium-113502017-06-15T07:12:16Z http://irep.iium.edu.my/11350/ Financial management accountability index in the Malaysian public sector : a way forward Abu Bakar, Nur Barizah Ismail, Suhaiza HG4001 Financial management. Business finance. Corporation finance. The National Audit Department (NAD) of Malaysia has introduced the Financial Management Accountability Index (FMAI) within the framework of the audit rating system. This study shares the Malaysian experience in using FMAI as an accountability medium, evaluates the FMAI scores obtained by agencies, and proposes measures to enhance the usefulness of FMAI. The study uses secondary data as provided on the NAD website. Descriptive analyses were conducted in evaluating the rating scores across agencies. It was found that majority of the agencies have a ‘good’ financial management system, with Federal agencies performing better than their counterparts at the State level. It was also found that the overall rating system and FMAI suffer from lack of proper disclosure, consequently reducing their worthiness. There are still areas of improvement that need to be addressed by the NAD to enhance the value of the overall audit rating system. 2010 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/11350/1/WA_11350_SUHAIZA__Financial_Management_Accountability_Index.pdf Abu Bakar, Nur Barizah and Ismail, Suhaiza (2010) Financial management accountability index in the Malaysian public sector : a way forward. In: Proceedings of the Sixth Asia Pacitic Interdisciplinary Research in Accounting (APIRA) Conference, July 12-13, 2011, Sydney, Australia.
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG4001 Financial management. Business finance. Corporation finance.
spellingShingle	HG4001 Financial management. Business finance. Corporation finance. Abu Bakar, Nur Barizah Ismail, Suhaiza Financial management accountability index in the Malaysian public sector : a way forward
description	The National Audit Department (NAD) of Malaysia has introduced the Financial Management Accountability Index (FMAI) within the framework of the audit rating system. This study shares the Malaysian experience in using FMAI as an accountability medium, evaluates the FMAI scores obtained by agencies, and proposes measures to enhance the usefulness of FMAI. The study uses secondary data as provided on the NAD website. Descriptive analyses were conducted in evaluating the rating scores across agencies. It was found that majority of the agencies have a ‘good’ financial management system, with Federal agencies performing better than their counterparts at the State level. It was also found that the overall rating system and FMAI suffer from lack of proper disclosure, consequently reducing their worthiness. There are still areas of improvement that need to be addressed by the NAD to enhance the value of the overall audit rating system.
format	Conference or Workshop Item
author	Abu Bakar, Nur Barizah Ismail, Suhaiza
author_facet	Abu Bakar, Nur Barizah Ismail, Suhaiza
author_sort	Abu Bakar, Nur Barizah
title	Financial management accountability index in the Malaysian public sector : a way forward
title_short	Financial management accountability index in the Malaysian public sector : a way forward
title_full	Financial management accountability index in the Malaysian public sector : a way forward
title_fullStr	Financial management accountability index in the Malaysian public sector : a way forward
title_full_unstemmed	Financial management accountability index in the Malaysian public sector : a way forward
title_sort	financial management accountability index in the malaysian public sector : a way forward
publishDate	2010
url	http://irep.iium.edu.my/11350/ http://irep.iium.edu.my/11350/1/WA_11350_SUHAIZA__Financial_Management_Accountability_Index.pdf
first_indexed	2023-09-18T20:20:41Z
last_indexed	2023-09-18T20:20:41Z
_version_	1777408086371205120

Financial management accountability index in the Malaysian public sector : a way forward

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