The Timeliness of the Botswana Parastatal Annual Reports:1994-1998
Dominick S. Iwisi (Lecturer, Department of Accounting and Finance, university of Botswana ), Ernest G. Kitindi (Lecturer, Department of Accounting and Finance, university of Botswana )
Download Article | Published On 01/01/2000

Abstract

The corporate annual report is commonly used by business entities ro convey information ro interested persons. An important component of the report are the financial statements and the auditors report. Since rhe report is a primary source of'informarion for shareholders, iris desirable rhar this information is provided on a timely basis. The report should also be of a quality, desirable for meaningful decisions to be made. This study investigated the time it took parastatals in Botswana to have the annual report available. It also embarked on establishing the quality of the accounts, as indicated by the auditor's opinion report. The results suggest that on average, the Botswana parastatal required 5.35 months to avail the report. This compares unfavorably to other developed countries. However, compared to some other developing countries, the results for Botswana parasrarals are impressive,

Keywords

Timeliness, Annual reports, Parastatals, Audit reports

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