The role of Supreme Audit Institutions in fight against the consequences of financial and economic crisis: A theoretical approach
AbstractThere is a significant pressure on Supreme Audit Institutions in Europe: shrinking available resources and growing expectations from its stakeholders (citizens, civil organizations, investors, governments etc.). In consequence of the financial and economic crisis and the unpredictable shocks, imbalances there is a relevant need for good governance and effective spending of public money. The Supreme Audit Institution (SAI) – as independent external auditor of the budget – is intended to reach appropriate level of audit impact by using its inputs. This impact may result lower governmental expenditures, effectiver public finance management, increasing trust, transparency and accountability. Responding to the constantly changing circumstances the SAI should use and activate non-conventional resources such as knowledge and social capital to be more adaptive, effective and to achieve its strategic goals.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 40356.
Date of creation: 2012
Date of revision:
financial and economic crisis; cooperation; Supreme Audit Institutions; ECA; INTOSAI;
Find related papers by JEL classification:
- H83 - Public Economics - - Miscellaneous Issues - - - Public Administration
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
- D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-08-23 (All new papers)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Blume, Lorenz & Voigt, Stefan, 2011. "Does organizational design of supreme audit institutions matter? A cross-country assessment," European Journal of Political Economy, Elsevier, vol. 27(2), pages 215-229, June.
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