The importance and usefulness of financial reporting of municipalities: a case study of municipalities in Mauritius

Boolaky, Pran Krishansing (2004) The importance and usefulness of financial reporting of municipalities: a case study of municipalities in Mauritius. International Journal of Accounting, Auditing and Performance Evaluation, 1 (3). 342 -362. ISSN 1740-8008

Abstract

There is already a body of literature on local government management and control, financial accounting and reporting in (Coombs et al., 1999). Most of these researchers have addressed the issue of the usefulness of financial reporting by municipalities in the context of large countries such as Malaysia or developed economies such as Australia, United States and United Kingdom (Coombs et al., 1999; Alijarde, 1997; Robbins, 1984). However, there is hardly any empirical evidence on the usefulness of financial reporting by municipalities from small island economies, such as Mauritius. Therefore, this paper fills that gap and attempts to analyse the issues using the information on municipalities in Mauritius. It focuses on the importance and usefulness of financial reports to the taxpayers including employees of the municipalities as users of the financial information. For this purpose, a survey was carried out on a sample of 300 taxpayers including employees and the general finding is that 99% of the taxpayers are interested to know how the municipalities use the tax collected from them. The findings of this study are consistent with the findings of Coombs et al. (1999) and Alijarde (1997). The study also reveals that the taxpayers are interested in other information such as a 'statement of tax collected and how utilised' by municipalities.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: Author's version unavailable.
Depositing User: Mrs Greta Mula
Faculty / Department / School: Historic - Faculty of Business - Department of Accounting
Date Deposited: 26 Nov 2009 02:04
Last Modified: 02 Jul 2013 23:30
Uncontrolled Keywords: financial reporting, local government, municipalities, Mauritius, reliable, understandable, relevant, small island economies, financial reporting, local government, municipalities, Mauritius
Fields of Research (FOR2008): 16 Studies in Human Society > 1605 Policy and Administration > 160509 Public Administration
16 Studies in Human Society > 1606 Political Science > 160699 Political Science not elsewhere classified
Socio-Economic Objective (SEO2008): C Society > 94 Law, Politics and Community Services > 9402 Government and Politics > 940299 Government and Politics not elsewhere classified
Identification Number or DOI: doi: 10.1504/IJAAPE.2004.005925
URI: http://eprints.usq.edu.au/id/eprint/6214

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