The Economic Value of Auditing and Its Effectiveness in Public School Operations*

Saito, Yoshie; McIntosh, Christopher S.

doi:10.1111/j.1911-3846.2010.01019.x

Cited by 13 publications

(7 citation statements)

References 25 publications

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“…Numerous studies have been conducted on the public sector auditing out of corruption cases (Baber, 1983;Dana, 2011;Dragija, Vašiček, & Hladika, 2011;Dwiputrianti, 2011;Everett, 2001;Gendron, Cooper, & Townley, 2001;Gendron, Cooper, & Townley, 2007;Goe & Singh, 2012;Hay & Cordery, 2018;Ma, 2007;Neu, 2006;Saito & McIntosh, 2010;Santiso, 2007;Schelker, 2012;Schelker & Eichenberger, 2010;Waring & Morgan, 2007;Yoshimi, Asian Journal of Finance & Accounting ISSN 1946-052X 2018, Vol. 10, No.…”

Section: Discussionmentioning

confidence: 99%

“…In empirical studies, researchers often use only one aspect of these characteristics as a proxy measurement of government audit quality. For example, Saito and McIntosh (2010) employed time spent in auditing as a direct measure of auditing effort. Ma (2007, cited by Liu & Lin, 2012 on the other hand reported that educational background, experience and professional competence are significantly related to the financial efficiency of government auditing.…”

Section: Discussionmentioning

confidence: 99%

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Public Sector Auditing and Corruption: A Literature Review

Assakaf

Samsudin

Othman

2018

AJFA

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The notion that auditing could reduce corruption has received considerable attention in both business and academia. The purpose of the current study is to explore the latest trends and gaps in the literature that investigate the link between corruption and public sector auditing. It is based on reviews of the academic literature and draws general conclusions on the status of the latest findings. The previous literature on corruption focused on economic and political perspectives. Although evidence suggests that public sector auditing helps to combat corruption, there is still a huge gap in the knowledge of this area, especially concerning the functional role of public sector auditing in corruption detection and deterrence in developing countries. Moreover, there is a scarcity of literature that explains in depth how audit types conducted by the Supreme Audit Institution (SAI) may contribute to a reduction in corruption, and which types of audit are more effective. There is also minimal in-depth sharing on the challenges that public sector auditing faces in detecting and preventing corruption.

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Section: Discussionmentioning

confidence: 99%

Section: Discussionmentioning

confidence: 99%

Public Sector Auditing and Corruption: A Literature Review

Assakaf

Samsudin

Othman

2018

AJFA

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“…It presents papers related to audit services and the relationship between the auditor and his/her client during the external audit. We emphasize on this matter the audit services quality, the auditor's independence, customer bargaining power, delay in the work, value-added, assurance service, dismissal/ resignation of the auditor, ethics, and auditor-client relationships (Conroy, Emerson, & Pons, 2010;Gu, 2013;Rennie, Kopp, & Lemon, 2010;Saito & McIntosh, 2010). It is a new theme, which has the third higher score, with the same result of audit market (27.6%).…”

Section: Emerging Themesmentioning

confidence: 82%

Research in auditing: main themes

Porte

Saur-Amaral

Pinho

2018

Rev. contab. finanç.

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ABSTRACTe passage of the Sarbanes-Oxley Act (SOX) was a turning point in auditing and in auditors practice for the academic world. Research concerning the characterization of academic production related to auditing is in its third decade. Its analysis is accomplished by means of de nition of keywords, abstracts or title, and information on thematic association within the academic production itself in auditing is undisclosed. In order to revise this gap in auditing literature, this study identi ed the main themes in auditing and their association in post-SOX era by analyzing the content of objectives and hypothesis of 1,650 publications in Web of Science (2002Science ( -2014. e ndings in this study extended those from the study by Lesage and Wechtler (2012) from 16 auditing thematic typologies to 22. e results demonstrate that the themes audit report & nancial statement users, corporate governance, audit market, external audit, socio-economic data of the company, international regulation, and fraud risk & audit risk were the most addressed in the publications about auditing. Corporate governance has a broader association with the other themes in the area. Future researches may use these themes and relate them to the methodologies applied to audit studies.

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“…We note that the governance and accountability mechanisms for nonprofit organizations are less stringent than those for investorowned companies. Therefore, auditors play an important role in monitoring the control environment of these organizations (Saito and McIntosh 2010). Lack of monitoring of low risk organizations may enhance opportunistic earnings management behavior.…”

Section: Auditfirmchgmentioning

confidence: 99%

“…The pressure to increase accountability, minimize potential liability exposure, maintain funding, and protect the organization's reputation have resulted in many nonprofit organizations revising their governance practices to voluntarily comply with SOX (Ostrower 2007;Venkataraman and Watkins 2008;Cohen 2012). Given voluntary compliance, opponents of increased nonprofit regulation argue that additional legislation requires justification for the allocation of scarce resources and careful rationalization and consideration of whether the desired nonprofit oversight and accountability have already been attained via improved audit quality (Keating, Fischer, Gordon, and Greenlee 2005;Saito and McIntosh 2010;Petrovits, Shakespeare, and Shih 2011).…”

mentioning

confidence: 99%

The Influence of Institutional Regulatory Pressure on Nonprofit Hospital Audit Quality

McGowan

Chan

Yurova

et al. 2018

Journal of Governmental &Amp; Nonprofit Accounting

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This paper investigates whether the influence of institutional regulatory pressures emanating from the enactment of the Sarbanes-Oxley Act and subsequent nonprofit legislation and disclosure requirements improves nonprofit hospital audit quality. Drawing on institutional theory, we argue that increased regulatory attention can shift the audit firm's judgment regarding the choice and inference of previously acceptable audit procedures and heighten the importance of reputational capital as an incentive for audit firms to improve audit quality. We examine two measures of audit quality: internal control deficiencies and discretionary accruals. The results reveal that the audit quality of nonprofit hospitals improves, suggesting that audit firms have responded to regulatory pressures and enhanced their audit and engagement practices for the benefit of nonprofit hospitals and stakeholders. The findings provide regulators and public interest groups with evidence that desired nonprofit oversight and accountability may have already been attained via improved audit quality. Data Availability: Data are available from public sources cited in the text.

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The Economic Value of Auditing and Its Effectiveness in Public School Operations*

Cited by 13 publications

References 25 publications

Public Sector Auditing and Corruption: A Literature Review

Public Sector Auditing and Corruption: A Literature Review

Research in auditing: main themes

The Influence of Institutional Regulatory Pressure on Nonprofit Hospital Audit Quality

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