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Assessment of audit activities in the public administration with a focus on the types of audits: practice in the public sector of the V4 countries

Lenka Hudakova Stasova ()
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Lenka Hudakova Stasova: PhD, assistant professor, Technical University of Košice, Department of Finance, Faculty of Economics

Public Finance Quarterly, 2022, vol. 67, issue 3, 448 - 462

Abstract: This paper focuses on audits of public administrations performed by Supreme Audit Offices. SAOs are an irreplaceable element of parliamentary democracy. Through their activities, they provide independent and objective feedback. The aim of the paper is to assess the performance of audit activities by the highest audit institutions with a focus on the types of audits performed (compliance audits, performance audits, financial audits). The highest audit institutions in the Visegrad Four countries are included in the evaluation. The period of 2005-2020 is analysed. Pearson's correlation coefficient and Spearman's correlation coefficient were used to test the set hypotheses. We focused on the relationships between the number of audits performed (especially compliance audits and performance audits) and the volume of audit findings, recommendations and actions. We were able to uncover current trends in terms of the structure of audits performed according to type.

Keywords: Supreme Audit Office; performance audit; compliance audit (search for similar items in EconPapers)
JEL-codes: H72 H83 (search for similar items in EconPapers)
Date: 2022
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