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

Research output: Contribution to journalArticle

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 languageEnglish
JournalPublic Money and Management
Publication statusAccepted/In press - 4 Feb 2020

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audit
public sector
auditing
evidence
Values
private sector
New Zealand
Public sector
Financial statements
Auditing
Audit
demand
Overlapping
Private sector

Bibliographical note

This article will be under embargo for 18 months from publication

Cite this

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title = "Evidence about the value of financial statement audit in the public sector",
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.",
author = "David Hay and Cordery, {Carolyn J.}",
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year = "2020",
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journal = "Public Money and Management",
issn = "0954-0962",
publisher = "Routledge",

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Evidence about the value of financial statement audit in the public sector. / Hay, David; Cordery, Carolyn J.

In: Public Money and Management, 04.02.2020.

Research output: Contribution to journalArticle

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AB - 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.

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