Supreme Audit Institutions’ practice in the Baltic Sea region
2017
Jansons, E., Latvia Univ. of Agriculture, Jelgava (Latvia) | Rivza, B., Latvia Univ. of Agriculture, Jelgava (Latvia)
Currently there are very few researches on the public sector auditing and none focusing on the comparative analysis among the Supreme Audit Institutions (SAIs) of the Northern and Central-European countries. This paper aims to examine the external audit practice among the Baltic Sea Region countries. The task was carried out by conducting the content analysis of the publicly available information on the functioning of the corresponding supreme audit institutions. Overall SAIs in the Baltic Sea Region are established based on the monocratic and collegial functional models. Almost all of the examined SAIs perform three types of audit – regularity, compliance and performance audits. This paper indicates that among the Baltic Sea Region countries the Supreme Audit Institutions are some of the most coherent in their practice and the overall functioning principles with slight differences which can be attributed to their historical establishment, as well as the chosen functional model of the audits institutions. The paper indicates a space for further research in the field of the SAI functional model’s impact on the accountability system.
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