Analysis of external auditor reports on performance auditing of federal statutory bodies / Associate Professor Dr. Asmah Abdul Aziz, Mohd Faidzal Abu and Amal Hayati Aziz

The statutory body is required to comply with the government procedures such as the remuneration system, employment scheme and the operational policies. The audited annual accounts of statutory bodies and audit certificates issued by the Auditor General might be useful to keep an eye on the accounta...

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Main Authors:	Abdul Aziz, Associate Professor Dr. Asmah, Abu, Mohd Faidzal, Aziz, Amal Hayati
Format:	Research Reports
Language:	English
Published:	Research Management Institute (RMI) 2012
Online Access:	http://ir.uitm.edu.my/id/eprint/17491/ http://ir.uitm.edu.my/id/eprint/17491/2/LP_ASMAH%20ABDUL%20AZIZ%20RMI%2012_5.pdf

id	uitm-17491
recordtype	eprints
spelling	uitm-174912019-03-04T03:43:23Z http://ir.uitm.edu.my/id/eprint/17491/ Analysis of external auditor reports on performance auditing of federal statutory bodies / Associate Professor Dr. Asmah Abdul Aziz, Mohd Faidzal Abu and Amal Hayati Aziz Abdul Aziz, Associate Professor Dr. Asmah Abu, Mohd Faidzal Aziz, Amal Hayati The statutory body is required to comply with the government procedures such as the remuneration system, employment scheme and the operational policies. The audited annual accounts of statutory bodies and audit certificates issued by the Auditor General might be useful to keep an eye on the accountability functions hold by statutory bodies with the aim to reduce information costs and the problem between citizens and the government. This study examines the Auditor General‟s Report of selected statutory bodies in Malaysia. The main aspect emphasized in this study is the types of audit incidents exist in the report. Eleven of the selected statutory bodies were analysed for five years from year 2003 to 2007. It is essential to investigate the audit incidents presented by the auditors in the audit certificates. It will assist the users of financial report and government entities to focus on areas highlighted by auditors for further improvement, to avoid repeated flaws, and to obtain clean audit report in the future. There are numerous types of comments indicated by the auditors. In the areas of financial reporting of statutory bodies, the most frequent comments as being indicated by the auditors in their reports are incomplete records; and non-compliance with other laws. Moreover, in the areas of non-financial reporting of statutory bodies, the most frequent audit incidents are weakness in service provided; inappropriate security procedures; and inefficient administration and operation. As for the conclusion, the occurrence of auditors‟ comments on financial reports should motivate the responsible members of respective statutory bodies to obtain a clean report in the following years and in the future. The regulator and government agencies‟ teams have to overcome any flaws found by the auditor in both financial and non-financial reporting and to avoid such weaknesses to be repeated in future. Research Management Institute (RMI) 2012 Research Reports NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/17491/2/LP_ASMAH%20ABDUL%20AZIZ%20RMI%2012_5.pdf Abdul Aziz, Associate Professor Dr. Asmah and Abu, Mohd Faidzal and Aziz, Amal Hayati (2012) Analysis of external auditor reports on performance auditing of federal statutory bodies / Associate Professor Dr. Asmah Abdul Aziz, Mohd Faidzal Abu and Amal Hayati Aziz. [Research Reports] (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
description	The statutory body is required to comply with the government procedures such as the remuneration system, employment scheme and the operational policies. The audited annual accounts of statutory bodies and audit certificates issued by the Auditor General might be useful to keep an eye on the accountability functions hold by statutory bodies with the aim to reduce information costs and the problem between citizens and the government. This study examines the Auditor General‟s Report of selected statutory bodies in Malaysia. The main aspect emphasized in this study is the types of audit incidents exist in the report. Eleven of the selected statutory bodies were analysed for five years from year 2003 to 2007. It is essential to investigate the audit incidents presented by the auditors in the audit certificates. It will assist the users of financial report and government entities to focus on areas highlighted by auditors for further improvement, to avoid repeated flaws, and to obtain clean audit report in the future. There are numerous types of comments indicated by the auditors. In the areas of financial reporting of statutory bodies, the most frequent comments as being indicated by the auditors in their reports are incomplete records; and non-compliance with other laws. Moreover, in the areas of non-financial reporting of statutory bodies, the most frequent audit incidents are weakness in service provided; inappropriate security procedures; and inefficient administration and operation. As for the conclusion, the occurrence of auditors‟ comments on financial reports should motivate the responsible members of respective statutory bodies to obtain a clean report in the following years and in the future. The regulator and government agencies‟ teams have to overcome any flaws found by the auditor in both financial and non-financial reporting and to avoid such weaknesses to be repeated in future.
format	Research Reports
author	Abdul Aziz, Associate Professor Dr. Asmah Abu, Mohd Faidzal Aziz, Amal Hayati
spellingShingle	Abdul Aziz, Associate Professor Dr. Asmah Abu, Mohd Faidzal Aziz, Amal Hayati Analysis of external auditor reports on performance auditing of federal statutory bodies / Associate Professor Dr. Asmah Abdul Aziz, Mohd Faidzal Abu and Amal Hayati Aziz
author_facet	Abdul Aziz, Associate Professor Dr. Asmah Abu, Mohd Faidzal Aziz, Amal Hayati
author_sort	Abdul Aziz, Associate Professor Dr. Asmah
title	Analysis of external auditor reports on performance auditing of federal statutory bodies / Associate Professor Dr. Asmah Abdul Aziz, Mohd Faidzal Abu and Amal Hayati Aziz
title_short	Analysis of external auditor reports on performance auditing of federal statutory bodies / Associate Professor Dr. Asmah Abdul Aziz, Mohd Faidzal Abu and Amal Hayati Aziz
title_full	Analysis of external auditor reports on performance auditing of federal statutory bodies / Associate Professor Dr. Asmah Abdul Aziz, Mohd Faidzal Abu and Amal Hayati Aziz
title_fullStr	Analysis of external auditor reports on performance auditing of federal statutory bodies / Associate Professor Dr. Asmah Abdul Aziz, Mohd Faidzal Abu and Amal Hayati Aziz
title_full_unstemmed	Analysis of external auditor reports on performance auditing of federal statutory bodies / Associate Professor Dr. Asmah Abdul Aziz, Mohd Faidzal Abu and Amal Hayati Aziz
title_sort	analysis of external auditor reports on performance auditing of federal statutory bodies / associate professor dr. asmah abdul aziz, mohd faidzal abu and amal hayati aziz
publisher	Research Management Institute (RMI)
publishDate	2012
url	http://ir.uitm.edu.my/id/eprint/17491/ http://ir.uitm.edu.my/id/eprint/17491/2/LP_ASMAH%20ABDUL%20AZIZ%20RMI%2012_5.pdf
first_indexed	2023-09-18T22:58:26Z
last_indexed	2023-09-18T22:58:26Z
_version_	1777418011085373440

Analysis of external auditor reports on performance auditing of federal statutory bodies / Associate Professor Dr. Asmah Abdul Aziz, Mohd Faidzal Abu and Amal Hayati Aziz

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