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

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:http://ir.uitm.edu.my/id/eprint/262/
http://ir.uitm.edu.my/id/eprint/262/1/AJ_ROSE%20SHAMSIAH%20SAMSUDIN%20MAR%2009.pdf
id uitm-262
recordtype eprints
spelling uitm-2622017-08-25T04:44:21Z http://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 Further analysis on the 2005 PAC Report of the other ten states reveals that the PAC Reports of all these states were outdated because they review non-current audited financial statements.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 http://ir.uitm.edu.my/id/eprint/262/1/AJ_ROSE%20SHAMSIAH%20SAMSUDIN%20MAR%2009.pdf UNSPECIFIED and Nafsiah, Mohamed (2009) 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. Malaysian Accounting Review, 8 (2). pp. 1-15. ISSN 1675-4077
repository_type Digital Repository
institution_category Local University
institution Universiti Teknologi MARA
building UiTM Institutional Repository
collection Online Access
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 http://ir.uitm.edu.my/id/eprint/262/
http://ir.uitm.edu.my/id/eprint/262/1/AJ_ROSE%20SHAMSIAH%20SAMSUDIN%20MAR%2009.pdf
first_indexed 2023-09-18T22:44:20Z
last_indexed 2023-09-18T22:44:20Z
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