AN EXAMINATION OF THE CONTENT OF COMMUNITY FINANCIAL REPORTS IN QUEENSLAND LOCAL GOVERNMENT AUTHORITIES

摘要: Annual reports, including general purpose financial statements, have been adopted as a key mechanism by which public sector entities discharge their accountability. However, there is concern about the complexity of statements and consequently effectiveness an accountability mechanism. In Australia, Queensland government has moved to address this issue in local authorities introducing Community Financial Report means simplifying statements. A feature initiative was lack prescription given preparation report. This paper examines form content included Reports also uses disclosure index determine level reports. The results research show that varied considerably. There no definitive style, with each report being unique. revealed low levels first year well analysis Statements Performance, Position Cash Flows. As well, significant difference disclosures made rural compared urban authorities. will be interest regulators they aim provide useful, understandable information for stakeholders.