Too big to be audited? The new world of auditing in international organizations

Monfardini, Patrizio; Maravić, Patrick von

doi:10.1111/faam.12186

Cited by 12 publications

(8 citation statements)

References 38 publications

(72 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Monfardini and von Maravic () have explored whether NPM audit reforms and Michael Power's audit explosion and audit society theories apply to international organisations as well as national organisations. They studied internal official documents and conducted interviews of experts from six, big international organisations, including financial and monetary institutions, human rights standard setting, development and aid relief.…”

mentioning

confidence: 99%

Public sector audit in contemporary society: A short review and introduction

Johnsen

2019

Financ Acc Manag

View full text Add to dashboard Cite

This article gives a short review of recent research on public sector audit, and then introduces six articles in a special issue on public sector audit in contemporary society. Many countries have developed their audit institutions and expanded the audit activities in particular since the 1980s. New public management and the theory of the ‘audit society’ explain much of this development well, also in some international organizations, but some countries have also experienced a contraction in the audit activities in the public sector. Moreover, literature on public sector audit outside the Anglo‐American and North European contexts, and especially from Africa, Asia and Latin‐America, is limited. There are big variations in how audit institutions are organized, in what they produce, in their relations to stakeholders and media, and in their impacts on organizations and society. Overall, auditors are little active in the fight against corruption, and the Napoleonic court system for organizing supreme audit institutions seems to be little effective. The audit institutions in the Anglo‐American and Nordic accountability regimes seem to be relatively effective, but the recent research show that auditors' independence and relevance are persistent challenging issues in public sector audit.

show abstract

mentioning

confidence: 99%

Public sector audit in contemporary society: A short review and introduction

Johnsen

2019

Financ Acc Manag

View full text Add to dashboard Cite

show abstract

“…Public sector auditing has undergone significant change in the period analysed in this literature review, shifting from providing oversight of proper management of resources, financial oversight and compliance (Guthrie, 1992) to a more consultancy such as role, in which management matters, including value-for-money and efficiency and effectiveness audits, are paramount (Monfardini and von Maravic, 2019). This new conceptualisation of audit also acts as a facilitator to implement public sector changes (Pallot, 2003).…”

Section: Comprehensive Auditmentioning

confidence: 99%

Exploring past, present and future trends in public sector auditing research: a literature review

Mattei

Grossi

Guthrie

2021

MEDAR

View full text Add to dashboard Cite

Purpose Public sector auditing research has changed rapidly over the past four decades. This paper aims to reveal how the field has developed and identify avenues for future research. Design/methodology/approach The authors used a structured literature review following Massaro et al. The sample comprises papers on public sector auditing published in accounting and public sector management journals between 1991 and 2020. Findings The present analysis highlights that academic research interest in public sector auditing has grown and become more diverse. The authors argue this may reflect a transformation of the public sector in recent decades, owing to the developing institutional logics of public sector reforms, from traditional public administration to new public management and now new public governance. Originality value This paper offers a comprehensive review of the public sector auditing literature, discussing different perspectives over time. It also outlines the various public sector reforms introduced over the period of the study. In reviewing the existing literature, the authors highlight the themes for future research and policy settings.

show abstract

“…By evaluating the business activities and risk management procedures, the IAF plays an important role in corporate governance and accountability. Managers assist internal auditors in carrying out their duties effectively, detecting business risks, developing efficient risk management strategies, and providing assurance about the entity's financial statements (Monfardini and von Maravic, 2018;Asare 2009).…”

Section: Research Hypothesesmentioning

confidence: 99%

Exploring the Effect of Corporate Governance on the Audit Effort: The Case of Greek Port Authorities

Xanthopoulou¹,

Delegos²,

Kalantonis³

et al. 2021

IJEBA

View full text Add to dashboard Cite

Purpose:The goal of this paper is to investigate the impact of corporate governance on the implementation of internal audits (ΙΑ) in the Greek public sector. Internal audit services have been adopted as a major strategy by the management of public organizations over the last decade in order to achieve their objectives in an efficient and effective manner. Under this framework, the present research investigates how the Board of Directors' williness, support, and implementation of IA, improve public governance. Design/methodology/approach: Data for the study were gathered from the annual financial reports of 13 Port Authorities which have the legal status of Societies Anonymes, between 2012 and 2020. In the regression analysis, audit effort (audit team size) was chosen as dependent variable and as independent variables, the Board of Directors' size, the BIG 5 audit firms and the implementation of internal audit function.To estimate internal audit economic models, various quantitative approaches such as ordinary least squares, weights least squares, fixed effect, and random effect were used. Findings: According to our findings, IA plays a crucial role in the corporate governance system by providing a systematic disciplined approach to monitoring public organizations' policies and procedures and influencing their value. Organizations that completely outsource their IA have been influenced positively in terms of good governance. The high quality of outsourcing IA, has an impact on external auditors' audit services, since external auditors adjust their strategy based on IA reports. Practical Implications: In case of Port Authorities, audit's quality in both internal and external services affects their economic growth and investors' attraction, since it enhances the transparency and accountability of financial reports. Originality/value: In Greece, internal audit was implemented in the public sector, for the first time, in 2005, but it became mandatory in 2019 (Law 4622/2019). Few organizations apply IAF until today, so there are few available information and data of IA' effects on public governance and vice versa. Few researchers focus their studies on IA in public sector.

show abstract

Too big to be audited? The new world of auditing in international organizations

Cited by 12 publications

References 38 publications

Public sector audit in contemporary society: A short review and introduction

Public sector audit in contemporary society: A short review and introduction

Exploring past, present and future trends in public sector auditing research: a literature review

Exploring the Effect of Corporate Governance on the Audit Effort: The Case of Greek Port Authorities

Contact Info

Product

Resources

About