Importance of Audit and Role of Supreme Audit Institutions in the Fight Against Global Crisis

Haci Omer Kose

Anadolu University Journal of Social Sciences, 2012, vol. 12, issue 3, 93-108

Abstract: With its increasing frequency, extent and devastating impacts in parallel to globalization; the financial and economic crisis not only yields devastating consequences for the economy and politics worldwide, but also brings about promising opportunities to render the State effective and to reconsider and build up the systems and processes at all levels, primarily the international system. Turning crisis into opportunities requires anti-crisis strategies to be grounded on permanent structural transformation and solutions that would strengthen institutional governance, rather than on short-term policies. It is beyond doubt that audit is the primary mechanism that is to reinforce the management and elevate the state’s effectiveness. This study reviews the crisis in general and analyzes the role and responsibilities of the audit and supreme audit institutions in fighting crisis.

Keywords: Global Crisis; Financial Management; Audit; Supreme Audit Institutions (SAIs) (search for similar items in EconPapers)
JEL-codes: F36 G01 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:and:journl:v:12:y:2012:i:3:p:93-108

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