The timeliness of Kelantan local authorities’ financial reports / Nur Raihana Mohd Sallem, Noor Emilina Mohd Nasir and Asmah Abd Aziz.

The main objective of this study was to examine audit lag of local authorities in Kelantan. In particular, this study investigated accounts preparation lag, audit lag and the association of audit lag with three factors; types of audit report, number of audit incidents and preparation lag. The findin...

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Main Authors: Mohd sallem, Nur raihana, Mohd Nasir, Noor Emilina, Abd Aziz, Asmah
Format: Article
Language:English
Published: Universiti Teknologi MARA Cawangan Selangor 2012
Subjects:
Online Access:https://ir.uitm.edu.my/id/eprint/31122/
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author Mohd sallem, Nur raihana
Mohd Nasir, Noor Emilina
Abd Aziz, Asmah
author_facet Mohd sallem, Nur raihana
Mohd Nasir, Noor Emilina
Abd Aziz, Asmah
author_sort Mohd sallem, Nur raihana
building UiTM Institutional Repository
collection Online Access
description The main objective of this study was to examine audit lag of local authorities in Kelantan. In particular, this study investigated accounts preparation lag, audit lag and the association of audit lag with three factors; types of audit report, number of audit incidents and preparation lag. The findings of the 11-year period showed that only 13.28% financial reports were completed within five months while 2.34% took more than 11 months. Furthermore, this study also revealed that 46.97% of audit lag of local authorities in Kelantan were within requirement of Act 171 which is 10 months. However, there were still 13.64% of audit lag which exceeded 12 months. Finally, the correlation test showed that only preparation lag was significantly associated with audit lag. The results of our study increase the understanding of how Kelantan local authorities manage to prepare their financial report in timely manner.
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spelling uitm-311222022-12-29T02:12:24Z https://ir.uitm.edu.my/id/eprint/31122/ The timeliness of Kelantan local authorities’ financial reports / Nur Raihana Mohd Sallem, Noor Emilina Mohd Nasir and Asmah Abd Aziz. mar Mohd sallem, Nur raihana Mohd Nasir, Noor Emilina Abd Aziz, Asmah Balance sheets. Financial statements. Including corporation reports. Financial reporting. Financial disclosure Malaysia Local government The main objective of this study was to examine audit lag of local authorities in Kelantan. In particular, this study investigated accounts preparation lag, audit lag and the association of audit lag with three factors; types of audit report, number of audit incidents and preparation lag. The findings of the 11-year period showed that only 13.28% financial reports were completed within five months while 2.34% took more than 11 months. Furthermore, this study also revealed that 46.97% of audit lag of local authorities in Kelantan were within requirement of Act 171 which is 10 months. However, there were still 13.64% of audit lag which exceeded 12 months. Finally, the correlation test showed that only preparation lag was significantly associated with audit lag. The results of our study increase the understanding of how Kelantan local authorities manage to prepare their financial report in timely manner. Universiti Teknologi MARA Cawangan Selangor 2012-12 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/31122/2/31122.pdf Mohd sallem, Nur raihana and Mohd Nasir, Noor Emilina and Abd Aziz, Asmah (2012) The timeliness of Kelantan local authorities’ financial reports / Nur Raihana Mohd Sallem, Noor Emilina Mohd Nasir and Asmah Abd Aziz. (2012) Management & Accounting Review <https://ir.uitm.edu.my/view/publication/Management_=26_Accounting_Review.html>, 11 (2). pp. 1-26. ISSN 2550-1895 http://arionline.uitm.edu.my/ojs/index.php/MAR/article/view/207
spellingShingle Balance sheets. Financial statements. Including corporation reports. Financial reporting. Financial disclosure
Malaysia
Local government
Mohd sallem, Nur raihana
Mohd Nasir, Noor Emilina
Abd Aziz, Asmah
The timeliness of Kelantan local authorities’ financial reports / Nur Raihana Mohd Sallem, Noor Emilina Mohd Nasir and Asmah Abd Aziz.
title The timeliness of Kelantan local authorities’ financial reports / Nur Raihana Mohd Sallem, Noor Emilina Mohd Nasir and Asmah Abd Aziz.
title_full The timeliness of Kelantan local authorities’ financial reports / Nur Raihana Mohd Sallem, Noor Emilina Mohd Nasir and Asmah Abd Aziz.
title_fullStr The timeliness of Kelantan local authorities’ financial reports / Nur Raihana Mohd Sallem, Noor Emilina Mohd Nasir and Asmah Abd Aziz.
title_full_unstemmed The timeliness of Kelantan local authorities’ financial reports / Nur Raihana Mohd Sallem, Noor Emilina Mohd Nasir and Asmah Abd Aziz.
title_short The timeliness of Kelantan local authorities’ financial reports / Nur Raihana Mohd Sallem, Noor Emilina Mohd Nasir and Asmah Abd Aziz.
title_sort timeliness of kelantan local authorities’ financial reports / nur raihana mohd sallem, noor emilina mohd nasir and asmah abd aziz.
topic Balance sheets. Financial statements. Including corporation reports. Financial reporting. Financial disclosure
Malaysia
Local government
url https://ir.uitm.edu.my/id/eprint/31122/
https://ir.uitm.edu.my/id/eprint/31122/