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Measuring supreme audit institutions’ outcomes: current literature and future insights

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  • Elisa Bonollo

Abstract

Supreme audit institutions (SAIs) oversee the use of public resources and ensure accountability and, as such, they are very important for public sector reform. The author reviews the recent academic literature on how to measure SAIs’ results. Prior research was found to focus on performance auditing, rather than financial auditing. The authors rarely used quantitative indicators, but rather descriptive indicators or even anecdotes. Ways forward for researchers and SAIs are recommended.This paper makes recommendations on how to measure the outcomes of SAI audits. The author also has important advice on how SAIs might improve the results of their audits: most importantly setting up follow-up procedures to monitor the effects of their audit recommendations. The paper highlights proposals (for example using a Likert scale of SAI’s audit activity, rate of SAI’s recommendations implemented), that public auditors can use to get a comprehensive picture of outcome measures to improve accountability.

Suggested Citation

  • Elisa Bonollo, 2019. "Measuring supreme audit institutions’ outcomes: current literature and future insights," Public Money & Management, Taylor & Francis Journals, vol. 39(7), pages 468-477, October.
    • Handle: RePEc:taf:pubmmg:v:39:y:2019:i:7:p:468-477
    DOI: 10.1080/09540962.2019.1583887
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    Cited by:

    1. Adriana Alina Spatariu, 2021. "Assessment of Adequate Use of Public Funds and Ensuring Institutional Performance," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 512-519, December.
    2. Sanda Mihai-Razvan & Militaru Elian-Gabriel, 2023. "European Supreme Audit Institutions: The Constitutional And Legal Coordinates Of Diagonal Public Accountability," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 5, pages 105-119, October.
    3. Marius Cîmpan & Cătălin-Paul Păcuraru-Ionescu & Sorin Nicolae Borlea, 2023. "The value of public audit - theories and empirical evidence," Journal of Financial Studies, Institute of Financial Studies, vol. 8(14), pages 24-36, May.
    4. Cristina-Petrina Drăgușin (Trincu-Drăgușin) & Ileana Cosmina Pitulice & Aurelia Ștefănescu, 2021. "Harmonisation and Emergence Concerning the Performance Audit of the EU Member States’ Public Sector. Romania’s Case," Sustainability, MDPI, vol. 13(7), pages 1-18, March.
    5. Ionel Bostan & Mihaela Brindusa Tudose & Raluca Irina Clipa & Ionela Corina Chersan & Flavian Clipa, 2021. "Supreme Audit Institutions and Sustainability of Public Finance. Links and Evidence along the Economic Cycles," Sustainability, MDPI, vol. 13(17), pages 1-24, August.
    6. Cristina-Petrina TRINCU-DRAGUSIN & Aurelia STEFANESCU, 2020. "The External Public Audit in the Member States of the European Union: Between Standard Typology and Diversity," The Audit Financiar journal, Chamber of Financial Auditors of Romania, vol. 18(159), pages 555-555.
    7. Gabriela Mangu (Giurea), 2021. "Improving the Internal Managerial Control and the Internal Audit in Relation to the External Audit," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 1046-1050, December.
    8. Gabriela Mangu (Giurea), 2021. "Study on the Need to Regulate the Audit Profession and the Determinants of the Improvement of the Internal Managerial Control and the Internal Audit in Relation to the External Audit," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 1041-1045, December.
    9. Lino, André Feliciano & Azevedo, Ricardo Rocha de & Aquino, André Carlos Busanelli de & Steccolini, Ileana, 2022. "Fighting or supporting corruption? The role of public sector audit organizations in Brazil," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 83(C).
    10. Jan Buček, 2022. "Comparison of Selected Elements and Processes within the Activity of European SAIs," European Financial and Accounting Journal, Prague University of Economics and Business, vol. 2022(1), pages 45-66.

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