Accounting Information System And The Implementation Of Integrated Reporting In Malaysian Local Authorities

Sharifah Robiah, Tuan Hazam and Noorhayati, Mansor (2017) Accounting Information System And The Implementation Of Integrated Reporting In Malaysian Local Authorities. In: International Academic Conference on Business and Economics, 7 October 2017, Universiti Sultan Zainal Abidin.

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Abstract

Investment in Accounting Information System (AIS) has been one of the priority areas for local authorities in Malaysia in line with the government’s efforts to improve reporting quality. Among others, the use of AIS has increased the speed and efficiency of management decision making and reporting practice. The electronic government or e-government system was introduced in 1996 as part of its vision to become a developed economy by 2020. The components of e-government include Government to Government (G2G), Government to Citizen (G2C) and Government to Business (G2B). An example of a recent system and application of e-government is e-local government or ePBT. The implementation of the ePBT system further contributes to improve annual financial reporting activity among the local authorities. This study has two main objectives: (i) to explore the current AIS adopted by local authorities; and (ii) to examine organizational issues relating the implementation of integrated reporting in the local authorities. The main function of the ePBT system is to assist local authorities in managing their daily operations especially involving revenue collections, financial processing and accounting transactions. Integrated reporting presents a new approach to reporting of value creation in organizations by focussing on the use of six different capitals. It uses the International Integrated Reporting Framework and applies the integrated thinking approach to increase reporting efficiency and reduce duplication. The adoption of integrated reporting is expected to improve the quality of information provided to stakeholders and financial markets. Currently, the global move toward integrated reporting has also influence further development of information system in organisation. This study highlights issues for local authorities to consider in relation to the global trend toward integrated reporting practice.

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