Performance reporting practices of public universities in Malaysia / Saflina Azis and Mustafa Kamal Mat

The implementation of performance measurement is one of the efforts done by the public organisations to broaden their accountability. Performance measurement is a tool in guiding an organisation to achieve its aims and goals. The performance of any organisation mainly could be seen in the annual reports produced. The public organisations have different aims, objectives and functions, thus, reports prepared are different from those in the private sector. Their financial statements especially are likely to be fundamentally different. This preliminary study focuses on public universities in Malaysia. The main objective is to investigate the financial performance practices of the public universities in Malaysia. Obviously, the performance reporting practices of Malaysian public universities is very poor. More actions and improvements need to be done in order to be more accountable to the stakeholders.