Article ID: | iaor20081574 |
Country: | United States |
Volume: | 19 |
Issue: | 1 |
Start Page Number: | 56 |
End Page Number: | 92 |
Publication Date: | Jan 2007 |
Journal: | Journal of Public Budgeting, Accounting and Financial Management |
Authors: | Styles Alan K., Tennyson Mack |
Keywords: | management, government, internet, statistics: inference |
In recent years accounting standard setters and professional bodies have issued directives aimed at improving the transparency and accessibility of financial reports compiled by government agencies. This study examines the availability and accessibility of local government financial reports on the Internet for a sample of 300 U.S. municipalities of varying size. Results indicate that provision of financial reports is more prominent among larger cities. Cities with higher income per capita and higher levels of accounting disclosure are also more likely to provide financial reports on the Internet. The accessibility of the financial data reported on the Internet is positively related to the number of residents, resident income per capita, and level of debt and financial position of the municipality.