Factors Affecting the Quality of Financial Statements
Author(s)
Download Full PDF Pages: 258-271 | Views: 582 | Downloads: 126 | DOI: 10.5281/zenodo.4764463
Abstract
The objective of this paper is to review research related to the quality of financial reporting in the private and public sectors, factors affecting the quality of public financial reporting, the role of accounting competence, leadership style to quality financial reporting. From there, the author proposes future research directions
Keywords
Accounting capacity, leadership style, quality financial report.
References
i Arnaboldi Michela, Lapsley Irvine & Steccolini Ileana, 2015. Performance management in the public sector: The ultimate challenge. Financial Accountability & Management, 31(1), 1-22. Doi:10.1111/faam.12049
ii Athukorala Sarath Lakshman & Reid Barry, 2003. Accrual budgeting and accounting in government and its relevance for developing member countries.
iii Aucoin Peter & Heintzman Ralph, 2000. The dialectics of accountability for performance in public management reform. International Review of Administrative Sciences, 66(1), 45-55.
iv Aziz Mohamad Azizal Abd, Ab Rahman Hilmi, Alam Md Mahmudul & Said Jamaliah, 2015. Enhancement of the accountability of public sectors through integrity system, internal control system and leadership practices: A review study. Procedia Economics and Finance, 28, 163-169. Doi:10.1016/S2212-5671(15)01096-5
v Azmi Azrina Hani & Mohamed Nafsiah, 2014. Readiness of Malaysian public sector employees in moving towards accrual accounting for improve accountability: The case of Ministry of Education (MOE). Procedia-Social and Behavioral Sciences, 164, 106-111. Doi:10.1016/j.sbspro.2014.11.057
vi Babatunde Shakirat Adepeju & Shakirat R, 2013. Stakeholders’ perception on the effectiveness of internal control system on financial accountability in the Nigerian public sector. International Journal of Business and Management Invention, 2(1), 16-33.
vii Baird Kevin M & Harrison Graeme L, 2017. The association between organizational culture and the use of management initiatives in the public sector. Financial Accountability & Management, 33(3), 311-329. Doi:10.1111/faam.12125
viii Bakar Nur Barizah Abu, Saleh Zakiah & Mohamad Muslim Har Sani, 2011. Enhancing Malaysian public sector transparency and accountability: Lessons and issues. European Journal of Economics, Finance and Administrative Sciences, 31, 133-145.
ix Barley Stephen R & Tolbert Pamela S, 1997. Institutionalization and structuration: Studying the links between action and institution. Organization studies, 18(1), 93-117. Doi:10.1177/017084069701800106
x Barrett Pat, 2004. Financial management in the public sector–how accrual accounting and budgeting enhances governance and accountability. Paper presented at the Address to the Challenge of Change: Driving Governance and Accountability, CPA Forum 2004.
xi Barton Allan, 2009. The use and abuse of accounting in the public sector financial management reform program in Australia. Abacus, 45(2), 221-248. Doi:10.1111/j.1467-6281.2009.00283.x
xii Behn Robert D, 2001. Rethinking democratic accountability: Brookings Institution Press.
xiii Berger Thomas Müller-Marqués, 2018. IPSAS explained: a summary of international public sector accounting standards: John Wiley & Sons.
xiv Bergmann Andreas, 2012. The influence of the nature of government accounting and reporting in decision-making: evidence from Switzerland. Public money & management, 32(1), 15-20. Doi:10.1080/09540962.2012.643050
xv Bisnow M, 2004. Performance and Accountability. Relmond Van Daniker’s interview with Mark Bisnow of Bisnow On Business’ about performance reporting Retrieved, 26.
xvi Blanco Huguette, Lennard John & Lamontagne Sylvain, 2011. Annual reporting and accountability by municipalities in Canada: An empirical investigation. Accounting Perspectives, 10(3), 195-224. Doi:10.1111/j.1911-3838.2011.00024.x
xvii Bolton Ruth N, 1993. Pretesting questionnaires: content analyses of respondents' concurrent verbal protocols. Marketing science, 12(3), 280-303.
xviii Boritz J Efrim & Carnaghan Carla A, 2003. Competency‐based education and assessment for the accounting profession: A critical review. Canadian Accounting Perspectives, 2(1), 7-42. Doi:10.1506/5K7C-YT1H-0G32-90K0
xix Boston Jonathan, 2016. Basic NPM ideas and their development. In The Ashgate research companion to new public management (pp. 33-48): Routledge.
xx Bouckaert Geert & Peters B Guy, 2002. Performance measurement and management: The Achilles’ heel in administrative modernization. Public Performance & Management Review, 25(4), 359-362. Doi:10.1080/15309576.2002.11643672
xxi Bovens Mark, 2007. Analysing and assessing accountability: A conceptual framework European law journal, 13(4), 447-468. Doi:10.1111/j.1468-0386.2007.00378.x
xxii Bovens Mark, Goodin Robert E & Schillemans Thomas, 2014. The Oxford handbook public accountability: Oxford University Press.
xxiii Bovens Mark & Schillemans Thomas, 2014. Meaningful accountability. In The Oxford handbook of public accountability.
xxiv Bowrey Graham, 2007. Have recent financial reforms improved financial accountability in the Australian Commonwealth public sector? Australasian Accounting, Business and Finance Journal, 1(3), 34-48. Doi:10.14453/aabfj.v1i3.4
xxv Bowrey Graham, Smark Ciorstan & Watts Ted, 2016. Financial accountability: The contribution of Senate Estimates. Australian Journal of Public Administration, 75(1), 28-38. Doi:10.1111/1467-8500.12116
xxvi Boyne George, Gould–Williams Julian, Law Jennifer & Walker Richard, 2002. Plans, performance information and accountability: the case of best value. Public administration, 80(4), 691-710. Doi:10.1111/1467-9299.00324
xxvii Bozeman Barry & Bretschneider Stuart, 1994. The “publicness puzzle” in organization theory: A test of alternative explanations of differences between public and private organizations. Journal of Public Administration Research and Theory, 4(2), 197-224.
xxviii Brown Kerry, 2004. Human resource management in the public sector. Public Management Review, 6(3), 303-309.
xxix Brusca Isabel & Montesinos Vicente, 2006. Are citizens significant users of government financial information? Public Money and Management, 26(4), 205-209.
xxx Brusca Isabel & Montesinos Vicente, 2016. Implementing performance reporting in local government: A cross-countries comparison. Public Performance & Management Review, 39(3), 506-534. Doi:10.1080/15309576.2015.1137768
xxxi Bukenya MOSES, 2014. Quality of accounting information and financial performance of Uganda’s public sector. American Journal of Research Communication, 2(5), 183-203.
xxxii Burns John & Scapens Robert W, 2000. Conceptualizing management accounting change: an institutional framework. Management Accounting Research, 11(1), 3-25.
xxxiii Carini Cristian, Giacomini Davide & Teodori Claudio, 2019. Accounting reform in Italy and perceptions on the local government consolidated report. International Journal of Public Administration, 42(3), 195-204. Doi:10.1080/01900692.2017.1423500
xxxiv Dunleavy Patrick & Hood Christopher, 1994. From old public administration to new public management. Public money & management, 14(3), 9-16. Doi:10.1080/09540969409387823
xxxv Eivani Farzad, Nazari Kamran & Emami Mostafa, 2012. Public accountability and government financial reporting. African Journal of Business Management, 6(29), 8475-8482. Doi:10.5897/AJBM12.072
xxxvi Eng Li Li, Lin Jing & Neiva De Figueiredo João, 2019. International financial reporting standards adoption and information quality: Evidence from Brazil. Journal of international financial management & accounting, 30(1), 5-29. Doi:10.1111/jifm.12092
xxxvii Fernandez Sergio, 2008. Examining the effects of leadership behavior on employee perceptions of performance and job satisfaction. Public Performance & Management Review, 32(2), 175-205. Doi:10.2753/PMR1530-9576320201
xxxviii Ferry Laurence & Murphy Peter, 2017. What about financial sustainability of local government!—A critical review of accountability, transparency, and public assurance arrangements in England during austerity. International Journal of Public Administration, 41(8), 619-629. Doi:10.1080/01900692.2017.1292285
xxxix Flynn Suzanne, Moretti Delphine & Cavanagh Joe, 2016. Implementing Accrual Accounting in the Public Sector. Retrieved from
xl Fornell Claes & Larcker David F, 1981. Structural equation models with unobservable variables and measurement error: Algebra and statistics. In: SAGE Publications Sage CA: Los Angeles, CA.
xli Funnell Warwick & Cooper Kathie, 1998. Public sector accounting and accountability in Australia: UNSW Press.
xlii Gamayuni Rindu Rika, 2018. The effect of internal audit function effectiveness and implementation of accrual based government accounting standard on financial reporting quality. Review of Integrative Business and Economics Research, 7, 46-58.
xliii Giddens Anthony, 1979. Agency, structure. In Central problems in social theory (pp. 49-95): Springer.
xliv Hyndman Noel & McKillop Donal, 2018. Public services and charities: Accounting, accountability and governance at a time of change. The British Accounting Review, 50(2), 143-148. Doi:10.1016/j.bar.2018.01.001
xlv Ijeoma NB, 2014. The impact of international public sector accounting standard (IPSAS) on reliability, credibility and integrity of financial reporting in state government administration in Nigeria. International Journal of Technology Enhancements and Emerging Engineering Research, 2(3), 2347-4289.
xlvi Im Tobin & Lee Seung Jong, 2012. Does management performance impact citizen satisfaction? The American Review of Public Administration, 42(4), 419-436. Doi:10.1177/0275074011408589
xlvii Indriasih Dewi & Koeswayo Poppy Sofia, 2014. The effect of government apparatus competence and the effectiveness of government internal control toward the quality of financial reporting and its impact on the performance accountability in local government. South East Asia Journal of Contemporary Business, Economics and Law, 5(1), 90-100.
xlviii International Federation of Accountants Education Committee, 2001. Competence-based approaches to the preparation and work of professional accountants. Retrieved from New York:
xlix International Federation of Accountants Education Committee, 2003. Towards Competent Professional Accountants. Retrieved from New York:
l IPSASB, 2013. The conceptual framework for general purpose financial reporting by public sector entities: International Federation of Accountants.
li IPSASB, 2017a. Handbook of International Public Sector Accounting Pronouncements, 2017 edition volume I: International Federation of Accountants (IFAC).
lii IPSASB, 2018a. Handbook of international public sector accounting pronouncements (Vol. 2018 Edition Volume 1). New York, USA: International Federation of Accountants.
liii Jarrar Yasar & Schiuma Giovanni, 2007. Measuring performance in the public sector: challenges and trends. Measuring Business Excellence, 11(4), 4-8. Doi:10.1108/13683040710837883
liv Jensen Michael C & Meckling William H, 1976. Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of financial economics, 3(4), 305-360. Doi:10.1016/0304-405X(76)90026-X
lv Jonas Gregory J & Blanchet Jeannot, 2000. Assessing quality of financial reporting. Accounting horizons, 14(3), 353-363. Doi:10.2308/acch.2000.14.3.353
lvi Karsten Niels, 2015. Scrutinize me, please! The drivers, manifestations and implications of accountability‐seeking behaviour. Public administration, 93(3), 684-699.
lvii Pollitt Christopher & Dan Sorin, 2011. The impacts of the New Public Management in Europe: A meta-analysis. COCOPS work package, 1.
lviii Putra I Made Endra Lesmana & Rasmini Ni Ketut, 2018. Style of leadership and organizational culture as moderator of influence of competence and internal control system towards report quality. International Research Journal of Management, IT and Social Sciences (IRJMIS), 5(3), 22-34.
lix Rahman Abdul & Fachri Zulkifli, 2016. Region’s Financial Accounting Information System and The Quality of Local Government Financial Reports. International Journal Of Information Management and Bussiness Review, 8(4), 64-68.
lx Rai Pranish, Vatanasakdakul Savanid & Aoun Chadi, 2010. Exploring perception of IT skills among Australian accountants: An alignment between importance and knowledge. Paper presented at the AMCIS 2010 Proceedings.
lxi Rajib Salah Uddin, Adhikari Pawan, Hoque Mahfuzul & Akter Mahmuda, 2019. Institutionalisation of the cash basis International Public Sector Accounting Standard in the central government of Bangladesh: An example of delay and resistance. Journal of Accounting in Emerging Economies, 9(1), 28-50. Doi:10.1108/JAEE-10-2017-0096
lxii Ramírez Yolanda & Tejada Ángel, 2018. Corporate governance of universities: improving transparency and accountability. International Journal of Disclosure and Governance, 15(1), 29-39.
lxiii Ramos Fernando M & Klann Roberto Carlos, 2019. Relationship between quality in accounting information and organizational characteristics of the third sector entities. Organizações & Sociedade, 26(88), 9-27. Doi:10.1590/1984-9260881
Cite this Article: