External Audit

David Shand

Chapter 37 in The International Handbook of Public Financial Management, 2013, pp 817-836 from Palgrave Macmillan

Abstract: Abstract This chapter first examines the place of external audit and the supreme audit institutions (SAIs) that are responsible for providing audit services to government in individual countries, and addresses possible misconceptions about external audit. It then notes differences in the scope of external audit and of institutional models of audit among countries. The origins of external audit in the accounting profession and the nature and origin of accepted pronouncements and standards of auditing are then discussed. Finally, the chapter reviews the accepted components of good external audit — namely, independence, adequate audit scope and coverage and adequate SAI capacity, impact and accountability.

Keywords: Executive Branch; Accounting Profession; Audit Report; External Auditor; External Audit (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-31530-4_38

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DOI: 10.1057/9781137315304_38

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