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


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.

Publication DOI: https://doi.org/10.1080/09540962.2020.1729532
Divisions: College of Business and Social Sciences > Aston Business School > Accounting
College of Business and Social Sciences > Aston Business School
Additional Information: 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
Uncontrolled Keywords: Agency costs,New Zealand,Office of the Auditor-General (NZ),armchair auditors,audit demand,financial reporting,management control,supreme audit institutions (SAIs),Business, Management and Accounting(all),Sociology and Political Science,Public Administration
Publication ISSN: 1467-9302
Last Modified: 08 Apr 2024 16:44
Date Deposited: 05 Feb 2020 14:02
Full Text Link:
Related URLs: https://www.tan ... 62.2020.1729532 (Publisher URL)
http://www.scop ... tnerID=8YFLogxK (Scopus URL)
PURE Output Type: Article
Published Date: 2021
Published Online Date: 2020-02-25
Accepted Date: 2020-02-04
Authors: Hay, David
Cordery, Carolyn J. (ORCID Profile 0000-0001-9511-7671)



Version: Accepted Version

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