Evidence about the value of financial statement audit in the public sector

David Hay; Carolyn J. Cordery

doi:10.1080/09540962.2020.1729532

Evidence about the value of financial statement audit in the public sector

David Hay, Carolyn J. Cordery

Research output: Contribution to journal › Article › peer-review

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. We assess the extent to which these explanations for the value of auditing are relevant in the public sector by examining evidence from New Zealand. We find the use of overlapping explanations helps to explain how auditing is valuable to a wide variety of users.

Original language	English
Pages (from-to)	304-314
Number of pages	11
Journal	Public Money and Management
Volume	41
Issue number	4
Early online date	25 Feb 2020
DOIs	https://doi.org/10.1080/09540962.2020.1729532
Publication status	Published - 2021

Bibliographical note

This is an Accepted Manuscript of an article published by Taylor & Francis Group in Public Money & Management on 25 Feb 2020, available online at: http://www.tandfonline.com/10.1080/09540962.2020.1729532

Keywords

Agency costs
New Zealand
Office of the Auditor-General (NZ)
armchair auditors
audit demand
financial reporting
management control
supreme audit institutions (SAIs)

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10.1080/09540962.2020.1729532

Evidence about the value of public sector audit
This is an Accepted Manuscript of an article published by Taylor & Francis Group in Public Money & Management on 25 Feb 2020, available online at: http://www.tandfonline.com/10.1080/09540962.2020.1729532
Accepted author manuscript, 550 KB

Cite this

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Evidence about the value of financial statement audit in the public sector

Abstract

Bibliographical note

Keywords

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