TY - JOUR
T1 - Reporting of Roads by NSW Local Councils
T2 - Survival of the Fittest
AU - Pilcher, Robyn
N1 - Imported on 12 Apr 2017 - DigiTool details were: Journal title (773t) = Accounting, Accountability and Performance. ISSNs: 1445-954X;
PY - 2002
Y1 - 2002
N2 - With the introduction of AAS 27 Financial Reporting by Local Governments, local councils were required to change dramatically their reporting of infrastructure assets, including road networks. This paper examines the recording, maintenance and depreciation of roads in a sample of NSW local councils. Inconsistencies highlighted suggest that whether councils report an operating surplus or an operating loss (due to the inclusion of a depreciation expense), influenced their willingness to comply with current reporting requirements. Also evident was the ability of perceptions of different stakeholders to influence accountants (agents) when reporting on infrastructure assets and resulting performance indicators. Issues identified provide enough doubts about whether councils can be held accountable in discharging their financial management duties under current legislation to warrant further investigation. The growing emphasis on perform or perish provides too little incentive for councils to manage their assets in a holistic manner.
AB - With the introduction of AAS 27 Financial Reporting by Local Governments, local councils were required to change dramatically their reporting of infrastructure assets, including road networks. This paper examines the recording, maintenance and depreciation of roads in a sample of NSW local councils. Inconsistencies highlighted suggest that whether councils report an operating surplus or an operating loss (due to the inclusion of a depreciation expense), influenced their willingness to comply with current reporting requirements. Also evident was the ability of perceptions of different stakeholders to influence accountants (agents) when reporting on infrastructure assets and resulting performance indicators. Issues identified provide enough doubts about whether councils can be held accountable in discharging their financial management duties under current legislation to warrant further investigation. The growing emphasis on perform or perish provides too little incentive for councils to manage their assets in a holistic manner.
M3 - Article
VL - 8
SP - 23
EP - 42
JO - Accounting, Accountability and Performance
JF - Accounting, Accountability and Performance
SN - 1323-711X
IS - 2
ER -