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Evidence of the value of financial auditing in the public sector with the approach of concepts justifying audit demand
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Hamed Sohrabiani *   |
| Supreme Audit Court |
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Abstract: (1009 Views) |
| In order to express the reasons justifying the audit request, several concepts and models have been presented so far. There is considerable evidence for these concepts in the private sector, so this evidence has been less explored in the public sector. In most countries of the world, suprim auditing institutions, and especially in Iran, the Court of Audit (according to Articles 54 and 55 of the Constitution) are in charge of auditing public sector in its various dimensions. Although public sector auditing is mainly a legal requirement, in order to be more effective and create added value for the government and stakeholders, as well as better communication between the Court of Audit and citizens, it is necessary to examine the auditing value of this court in terms of justifying reasons. Accordingly, in this research, using the review of previous literature and empirical evidence, the value of public sector financial auditing has been investigated based on some of the concepts underlying the justification of auditing. The results indicate that financial auditing in the public sector is valuable in terms of agency relations, signaling, management control, corporate governance, insurance and the confirmation hypothesis. However, the intensity and influence of each of these concepts in expressing the value of public sector financial auditing is different. |
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| Keywords: Public Sector Audit, Audit Demand, Audit Value, Supreme Audit Court |
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Full-Text [PDF 243 kb]
(364 Downloads)
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Type of Study: Applicable |
Subject:
Special
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