Disclosure of accountability information in Public Sector Annual Report : the case of Malaysian Federal Statutory Bodies / Nur Barizah Abu Bakar

TL;DRAbstract

Various accountability issues concerning the Malaysian Federal Statutory Bodies (MFSB) have been revealed by various parties in their reports. Being a public sector body adopting a corporate-styled management and representing a substantial segment of the public sector, MFSB are expected to discharge its accountability and promote transparency. One aspect of accountability and transparency is the disclosure of accountability information (AI) in the annual report. In light of this, the study seeks to obtain insights on the extent of disclosure of AI in the annual reports of MFSB. Drawing from the public accountability paradigm and institutional theory, three objectives of the study are developed: (i) to determine the extent of disclosure of AI in MFSB annual reports, (ii) to examine whether certain set of variables, namely the type of MFSB, board size, board composition, existence of audit committee and fiscal stress have significant association with the extent of disclosure as found in

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