The need for improved financial reporting of a developing country energy utility
MetadataShow full item record
Some consideration has been given to regulatory and institutional reforms to facilitate sustainable development in electricity usage in Papua New Guinea but little attention has been paid to bringing about full compliance of financial reporting expectations of the country׳s main energy utility. Examining documentary evidence of the audit reports of the Auditor General׳s Office of Papua New Guinea, this study considers the financial reporting compliance of PNG Power for the period 2007–2013, and the means by which compliant reporting may be improved. The results of the study reveal that the financial statements of PNG Power are late and receive disclaimers of opinion from the Auditor General׳s Office, which suggest that PNG Power׳s stakeholders are not receiving accurate and reliable financial information to make informed decisions about sustainable development of electricity usage and planning in Papua New Guinea. The study reveals that it would take little resources to improve PNG Power׳s reporting, which in turn could enhance national energy policy decision-making and energy utility accountability.
Showing items related by title, author, creator and subject.
Lim, Pei Yi (2011)At present, there are still a large number of people living in isolated areas, particularly in developing countries, who have no immediate access to the main electricity grid. Most of the energy demands of these remote ...
Biswas, Wahidul (2010)Renewable energy can potentially play a role in the supply of safe water in Bangladesh, where nearly 70% of the rural population does not have access to electricity. This paper examines the possible application of renewable ...
Smart Energy Infrastructure and Technology: Assessing Community Preparedness for Residential Solar UptakeIzadpanahi, Parisa ; Tiwari, Reena ; Hayward, Declan (2021)The new age of the modernity has brought about many changes to the urban fabric of our cities. Fossil fuels have drastically contributed to the problems of climate change, pollution, excessive carbon emissions, and countless ...