Working paper
Evaluation of Compliance with AAS 27: Financial reporting by Local Government in New South Wales
Faculty of Business Working Paper Series, Vol.3(1), pp.3-17
University of the Sunshine Coast
2000
Abstract
This research examines the level of compliance with the requirements of the Australian Accounting Standard (AAS 27), over a period of four years (1994, 1995, 1996 and 1997) by 177 local government councils in NSW. The overall level of compliance was found to be 97.0% indicating a high level of conformity during this transitional period. A number of problems were identified as causing nonconformity, in particular aspects of the recognition and treatment of assets. Additional matters of concern are the timeliness of the reports and the disproportionate high levels of depreciation expense in the operating statement.
Details
- Title
- Evaluation of Compliance with AAS 27: Financial reporting by Local Government in New South Wales
- Authors
- Gregory Laing (Author) - University of the Sunshine Coast - Faculty of Business
- Publication details
- Faculty of Business Working Paper Series, Vol.3(1), pp.3-17
- Publisher
- University of the Sunshine Coast
- Date published
- 2000
- ISSN
- 1443-3737
- ISBN
- 0958535207
- Copyright note
- Copyright © 2000 Greg Laing. Reproduced with permission.
- Organisation Unit
- University of the Sunshine Coast, Queensland
- Language
- English
- Record Identifier
- 99449714802621
- Output Type
- Working paper
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