Background - After the institutional reforms happened in Malaysia, the Federal Government had issued
the Treasury Circular PS 1.2/2020, FSBs now must adopt Malaysian Public Sector Accounting Standard
(MPSAS) as the standards for the preparation of the FSBs’ financial statement. Hence, the study is
intended to focus on the factors influencing the true and fair view of the FSBs’ reporting.
Purpose - The study is to investigate the influence of political intervention, economic consequences,
societal values, balancing cost-benefit concerns on the true and fair view reporting and gender as
moderating role.
Design/methodology/approach - The study is positivism research and will be conducted the quantitative
method as in self-administered questionnaire and closed-ended questions, bilingual (English and Malay)
questionnaires will be submitted via email to Chief Financial Officer (CFO) of the FSB. Sample of 97
questionnaire will be submitted out of 132 population by using (Krejcie and Morgan, 1970) table. The
theory used is the Institutional Theory.
Findings/Expected Contributions - The expected findings are, all factors; political intervention has
positive and significant influence on the true and fair view reporting, economic consequences have
positive and significant influence on the true and fair view reporting, societal values has positive and
significant influence on the true and fair view reporting, balancing cost-benefit concerns have positive
and significant influence on the true and fair view reporting. While gender moderates the relationship of
political intervention, economic consequences, societal values, and balancing cost-benefit concerns on
true and fair view reporting. The reasons of the expected findings are to ease the adoption of MPSAS 1 in
FSB, to ensure the plans and strategies to reduce fraudulent activities meeting objectives, to highlight
related initiatives, acts, regulations, programmes and policies such as Institutional reforms initiatives
which is New Public Management Reforms, National Anti-Corruption Plan (NACP) and New Economic
Model (NEM) programmes which initiating to improve transparency or institutional reform in FSBs and
to widened up and enhance the scope of the Institutional Theory by adding up new variables from the
study so that in can be used in various and vast aspects of research.
Research limitations - The limitation is to make sure the questionnaires are being answered by the CFOs
themselves not their representative.
Originality/value - Lack of research being done in public sector and researchers are more rigorously
studied more towards private sectors as the private sectors are the market controller to the economy.
This is because previous research of public sector disclosure has tended to focus solely on developed
countries and very less in Malaysi