Most studies addressing the issue of financial reporting quality focus on corporations. This study investigates the determinants of financial reporting quality in the public sector. We use the type of audit opinion as a proxy for reporting quality, with an unqualified opinion representing the...

This study finds that the level of budget implementation is affected by the leadership factors (i.e. mayors’ term, tenure and age) and the proportion of capital expenditures. The level of budget implementation is relatively lower when the mayor is in the second term, is in the early years of...