Financial Reporting Practices of Charity Organisations: A Malaysian Evidence

International Bulletin of Business Administration, ISSN: 1451-243X Issue 6 (2009), © EuroJournals, Inc. 2009

9 Pages Posted: 15 Oct 2012

See all articles by Noraini Mohd Nasir

Noraini Mohd Nasir

affiliation not provided to SSRN

Radiah Othman

Massey University

Jamaliah Said

Universiti Teknologi MARA (UiTM)

Erlane Ghani

Universiti Teknologi MARA (UiTM)

Date Written: October 14, 2012

Abstract

Using content analysis and interview setting, this study examines the current state of financial reporting of charity organisations in Malaysia. Specifically, this study examines the major issues and problems faced by these organisations in preparing their financial reports. Annual reports of 32 charity organisations were reviewed and the results show that there is a varying degree of reporting practices among them. The results show that although all charity organisations submitted their balance sheets to the Registrar of Society, only 60% of these organisations presented a cash flow statement and only 59% had their financial reports audited by external auditors. Further investigations indicate that there are problems faced by these organisations in preparing the reports such as lack of skilled accounting staff and high staff turnover. The findings of this study provide some understanding to the relevant authorities and the organisations themselves to overcome the problems related to the non-submission of annual reports as required by the Registrar of Society.

Keywords: charity organisations, financial reporting, Malaysia

Suggested Citation

Mohd Nasir, Noraini and Othman, Radiah and Said, Jamaliah and Ghani, Erlane, Financial Reporting Practices of Charity Organisations: A Malaysian Evidence (October 14, 2012). International Bulletin of Business Administration, ISSN: 1451-243X Issue 6 (2009), © EuroJournals, Inc. 2009, Available at SSRN: https://ssrn.com/abstract=2161692

Noraini Mohd Nasir

affiliation not provided to SSRN ( email )

Radiah Othman (Contact Author)

Massey University ( email )

School of Accountancy
Palmerston North
New Zealand

Jamaliah Said

Universiti Teknologi MARA (UiTM) ( email )

Erlane Ghani

Universiti Teknologi MARA (UiTM) ( email )

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