Citation

Hanafi, Muhammad Aiman Asyraf and Abdullah Salim, Abdullah Sallehhuddin and Md Yatim, Norzarina (2022) Factors Influencing True and Fair View Reporting of Federal Statutory Bodies in Malaysia. In: Postgraduate Social Science Colloquium 2022, 1 - 2 June 2022, Online.

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Abstract

Background - After the institutional reforms happened in Malaysia, the Federal Government had issued the Treasury Circular PS 1.2/2020, FSBs now must adopt Malaysian Public Sector Accounting Standard (MPSAS) as the standards for the preparation of the FSBs’ financial statement. Hence, the study is intended to focus on the factors influencing the true and fair view of the FSBs’ reporting. Purpose - The study is to investigate the influence of political intervention, economic consequences, societal values, balancing cost-benefit concerns on the true and fair view reporting and gender as moderating role. Design/methodology/approach - The study is positivism research and will be conducted the quantitative method as in self-administered questionnaire and closed-ended questions, bilingual (English and Malay) questionnaires will be submitted via email to Chief Financial Officer (CFO) of the FSB. Sample of 97 questionnaire will be submitted out of 132 population by using (Krejcie and Morgan, 1970) table. The theory used is the Institutional Theory. Findings/Expected Contributions - The expected findings are, all factors; political intervention has positive and significant influence on the true and fair view reporting, economic consequences have positive and significant influence on the true and fair view reporting, societal values has positive and significant influence on the true and fair view reporting, balancing cost-benefit concerns have positive and significant influence on the true and fair view reporting. While gender moderates the relationship of political intervention, economic consequences, societal values, and balancing cost-benefit concerns on true and fair view reporting. The reasons of the expected findings are to ease the adoption of MPSAS 1 in FSB, to ensure the plans and strategies to reduce fraudulent activities meeting objectives, to highlight related initiatives, acts, regulations, programmes and policies such as Institutional reforms initiatives which is New Public Management Reforms, National Anti-Corruption Plan (NACP) and New Economic Model (NEM) programmes which initiating to improve transparency or institutional reform in FSBs and to widened up and enhance the scope of the Institutional Theory by adding up new variables from the study so that in can be used in various and vast aspects of research. Research limitations - The limitation is to make sure the questionnaires are being answered by the CFOs themselves not their representative. Originality/value - Lack of research being done in public sector and researchers are more rigorously studied more towards private sectors as the private sectors are the market controller to the economy. This is because previous research of public sector disclosure has tended to focus solely on developed countries and very less in Malaysia

Item Type:	Conference or Workshop Item (Paper)
Uncontrolled Keywords:	political intervention, economic consequences, societal values, balancing cost-benefit, true and fair view
Subjects:	H Social Sciences > HB Economic theory. Demography
Divisions:	Faculty of Management (FOM)
Depositing User:	Ms Rosnani Abd Wahab
Date Deposited:	15 Aug 2022 02:38
Last Modified:	15 Aug 2022 02:38
URII:	http://shdl.mmu.edu.my/id/eprint/10379

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