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The role of Supreme Audit Institutions in fight against the consequences of financial and economic crisis: A theoretical approach


  • Nagy, Sándor


There 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.

Suggested Citation

  • Nagy, Sándor, 2012. "The role of Supreme Audit Institutions in fight against the consequences of financial and economic crisis: A theoretical approach," MPRA Paper 40356, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:40356

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    References listed on IDEAS

    1. 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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    More about this item


    financial and economic crisis; cooperation; Supreme Audit Institutions; ECA; INTOSAI;

    JEL classification:

    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation

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