skip to main content
Language:
Search Limited to: Search Limited to: Resource type Show Results with: Show Results with: Search type Index

The value of public sector audit: Literature and history

Journal of accounting literature, 2018-06, Vol.40 (1), p.1-15 [Peer Reviewed Journal]

2017 University of Florida, Fisher School of Accounting ;Copyright Elsevier BV 2018 ;ISSN: 0737-4607 ;EISSN: 2452-1469 ;DOI: 10.1016/j.acclit.2017.11.001

Full text available

Citations Cited by
  • Title:
    The value of public sector audit: Literature and history
  • Author: Hay, David ; Cordery, Carolyn
  • Subjects: Accounting ; Agency theory ; Audited financial statements ; Auditing ; Auditing history ; Audits ; Government ; Governmental accounting ; Management controls ; Public sector
  • Is Part Of: Journal of accounting literature, 2018-06, Vol.40 (1), p.1-15
  • Description: This paper explores the value of financial statement auditing in the public sector. The study applies theory about auditing from the private sector as well as the public sector to explore ways in which public sector auditing can be expected to be valuable. It shows that there are a number of complementary explanations that can be applied to examine the value of public audit, including agency, signaling, insurance, management control, governance and confirmation explanations. The evidence from research and history is generally consistent with the agency and management control explanations. There is some support for the signaling and insurance explanations, while research evidence suggests that governance has differing impact in the public sector compared to the private. The confirmation hypothesis is also potentially relevant. Reviewing the history of the development of public sector auditing functions shows that at least some developments were consistent with explanations such as agency theory and management control. Auditing in the public sector is an area where more research is valuable. The paper concludes with a discussion of issues for further investigation.
  • Publisher: Gainesville: Elsevier Ltd
  • Language: English
  • Identifier: ISSN: 0737-4607
    EISSN: 2452-1469
    DOI: 10.1016/j.acclit.2017.11.001
  • Source: ProQuest Central
Back to results list
INSPIRE LIBRARY - TON DUC THANG UNIVERSITY (84-028) 37 755 057 Feedback
19 Nguyen Huu Tho St. Dist.7, HCM thuvien@tdtu.edu.vn

Copyright © 2017 INSPIRE LIBRARY - TON DUC THANG UNIVERSITY

Searching Remote Databases, Please Wait