 Evidence about the value of financial statement audit in the public sectorDavid Hay and Carolyn J. Cordery Public Money & Management, 2021, vol. 41, issue 4, 304-314 Abstract: Multiple, complementary explanations have been developed to explain audit demand. Substantial evidence exists for these explanations in the private sector, but they have been explored to a lesser extent in the public sector. The authors assess the extent to which these explanations for the value of auditing are relevant in the public sector by examining evidence from New Zealand. The use of overlapping explanations was found to help to explain how auditing is valuable to a wide variety of users.IMPACTThis paper uses empirical evidence to examine the private sector explanations for audit in the public sector setting. It argues that attention to these arguments can assist supreme audit institutions (SAIs) in articulating how public sector audits can demonstrate their ongoing relevance to citizens, parliament and other stakeholders, as required by the applicable international standards. The paper has recommendations for national audit bodies, government accountants and policy-makers. Date: 2021 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:pubmmg:v:41:y:2021:i:4:p:304-314 Ordering information: This journal article can be ordered from DOI: 10.1080/09540962.2020.1729532 Access Statistics for this article Public Money & Management is currently edited by Michaela Lavender More articles in Public Money & Management from Taylor & Francis Journals |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.