Supreme Audit Institutions and public value:demonstrating relevance

Cordery, Carolyn J. and Hay, David (2017). Supreme Audit Institutions and public value:demonstrating relevance. Financial Accountability and Management ,


Supreme Audit Institutions (SAIs) have an important role in ensuring public sector accountability; their main activities being managing the audit of public sector entities’ financial statements and assessing probity/compliance, providing advice to parliamentary committees, and undertaking performance audits. Standards issued by the International Organisation of SAIs encourage SAIs to recognise the value they deliver through their activities and to demonstrate that to citizens, Parliament and other stakeholders. The recognition of the need to be democratically accountable for efficiency and effectiveness is one aspect of public value, which is also concerned with the just use of authority (Moore, 2013). The purpose of this paper is to develop the components of a SAI’s public value and, through a comparative international study, to analyse how SAIs report on the public value they deliver. Analysing reporting against the model developed in this paper indicates that SAIs’ reporting prioritises critiques to increase public sector efficiency and effectiveness, rather than government policy. In addition, it finds SAIs generally fail to discuss any negative consequences of their work. SAIs are encouraged to develop new ways to demonstrate their ongoing relevance.

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Divisions: Aston Business School
Aston Business School > Accounting
Additional Information: Copyright: 2017 John Wiley & Sons Ltd. This is the peer reviewed version of the following article: Supreme Audit Institutions and public value: demonstrating relevance, which has been published in final form at This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.
Uncontrolled Keywords: public audit ,public value ,audit relevance,financial audit ,strategic value triangle
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Related URLs: https://papers. ... ract_id=3023332 (Author URL)
https://onlinel ... 1111/faam.12185 (Publisher URL)
Published Date: 2017-08-21
Accepted Date: 2017-08-21
Published Online Date: 2018-12-04
Authors: Cordery, Carolyn J. ( 0000-0001-9511-7671)
Hay, David



Version: Accepted Version

Access Restriction: Restricted to Repository staff only until 4 December 2020.

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