Financial Accounting and Reporting
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Free InquiryFinancial Accounting and Reporting (45 Marks)
“There is now growing recognition of the importance of appropriate accounting and financial management in the public sector as a key means of achieving sustainable public finances. Governments need to step up and adopt sound and transparent accounting and reporting rules, as part of the democratic accountability process and the wider public finance management.” (PwC Global Survey, 2015)
b. Ongoing efforts have been undertaken in Malaysia to improve the financial reporting and accountability in government agencies. Discuss efforts undertaken by the Malaysian government. [25 marks]
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