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Efficiency, economy and effectiveness—but what about ethics? Supreme audit institutions at a critical juncture

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  • Louise Bringselius

Abstract

Ethics is increasingly recognized as one of several important dimensions of performance. Yet, performance audit, or value-for-money audit, as conducted by supreme audit institutions (SAIs), does not typically include this dimension. Instead, the focus is on the classical ‘three Es’ (efficiency, economy and effectiveness). The reluctance to address issues of ethical misconduct has taken the audit practice of SAIs to a critical juncture, where the legitimacy of these audits ultimately is at stake. This paper explains why SAIs need to add a fourth ‘E’— ethical audit. Possible implications are discussed.

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  • Louise Bringselius, 2018. "Efficiency, economy and effectiveness—but what about ethics? Supreme audit institutions at a critical juncture," Public Money & Management, Taylor & Francis Journals, vol. 38(2), pages 105-110, February.
    • Handle: RePEc:taf:pubmmg:v:38:y:2018:i:2:p:105-110
    DOI: 10.1080/09540962.2018.1407137
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    Cited by:

    1. Cristea Loredana Andreea & Voda Alina Daniela & Ungureanu Dragos Mihai, 2021. "Fiscal Policy And The Conceptual Mechanism Of Fiscal System," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 80-86, April.
    2. Andreea Hancu-Budui & Ana Zorio-Grima & Jose Blanco-Vega, 2020. "Audit Institutions in the European Union: Public Service Promotion, Environmental Engagement and COVID Crisis Communication through Social Media," Sustainability, MDPI, vol. 12(23), pages 1-32, November.
    3. Wissam Hassan Ahmed Zinni, 2019. "The Role of External Audit Reports in Achieving Comprehensive Development Indicators," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 9(2), pages 23-36, April.
    4. 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.
    5. Loredana Andreea Cristea & Alina Daniela Vodă & Dragoș Mihai Ungureanu, 2020. "The Characterization of the Taxation Process in Terms of Tax Culture, as an Element of Novelty," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 863-870, December.
    6. Raul David & Indra Abeysekera, 2021. "Auditor Judgements after Withdrawal of the Materiality Accounting Standard in Australia," JRFM, MDPI, vol. 14(6), pages 1-20, June.
    7. Hoang To Loan Nguyen, 2023. "The Effect of Auditor's Personal Characteristics on Professional Judgment and Ethics in Auditing," International Journal of Knowledge and Systems Science (IJKSS), IGI Global, vol. 14(1), pages 1-15, January.

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