The Interest of the Supreme Audit Institution in Sustainable Economic, Social and Environmental Development on the Audit Quality Performance

Purpose: Through a literature review, this study aims to understand the relationship between the Environmental Performance Index (EPI), Financial Development, and Economic Growth. In order to provide a complete understanding of the impact of EPI and Financial Development on Economic Growth, the authors propose a conceptual framework based on empirical data. In order to expand knowledge in this field, the study also seeks to identify gaps in the literature and recommend new lines of inquiry. Design/Methodology/Approach: This study conducts an extensive literature analysis emphasizing publications between 2018 and 2022. The literature of developed, developed-group, and developing countries will be thoroughly and a comprehensive and systematic literature review will be conducted to meet the goals of this study. However, a qualitative method will help us better understand how EPI and financial development affect economic growth and sustainable development because the results and conclusions of empirical investigations need to be more consistent. Findings: The study concluded that environmental performance and sustainability are essential for achieving economic growth and development in industrialized countries, and policymakers should give top priority to settling carbon costs and taxes, commercializing low-CO2 emissions technologies, cutting non-renewable energy subsidies, offering technology transfer programs, and developing a green trade policy. The study also emphasized the potential of sustainable financial systems and renewable energy to lower emissions and promote economic growth in developing nations. However, successful policies and investments in green technologies are required to achieve this balance. Practical implication: This study has practical implications for policymakers who must prioritize sustainable development goals in their economic policies. This includes promoting renewable energy, reducing carbon emissions, and implementing green trade policies. The study highlights the critical role of government policies in promoting sustainable economic growth, particularly the EPI and Financial Development. Originality/Value: This study's originality and value lie in its examination of the complex relationship between environmental sustainability, financial development, and economic growth across different countries and regions. The study emphasizes the role of government policies, specifically the EPI and Financial Development, in promoting sustainable economic growth and provides practical implications for policymakers. The study also highlights the need for further research to identify effective policies for promoting sustainable economic growth.

Section: Environmental Performance and Economic Growthmentioning

confidence: 99%

A Critical Review of the Relationship Between Environmental Performance Index, Financial Development and Economic Growth

Almarafi,

Khudari,

Abdullah

2023

“…Therefore, it is important that SAI's audit quality is being enhanced. The most SAI achieved the completion of the tasks entrusted with high levels of quality in performance (Akbar & Mahdi, 2023), as well ass audit quality in public sector plays a potentially important role in preventing corruption along with long-term development of democracies and social welfare (Gustavson & Sundström, 2016;Johnsen, 2019). However, practiced experience shows that auditing does not appear to be highly effective in fight against corruption (Jeppesen, 2019) or ethical misconduct (Bringselius & Management, 2018).…”

Section: Introductionmentioning

confidence: 99%

Factors Influencing the Auditor Independence and Affects to Audit Quality of Supreme Audit Institution of Vietnam

Vu¹,

Hung²

2023

Purpose: The aim of this study is to explore the factors affect to auditor independence, and impacts auditor independence to audit quality of Supreme Audit Institution (SAI). Theoretical framework: This study explores factors affecting the auditor independence in public sector based on articles pertaining to public sector audits that were published in major publications in the 20th century. The theories were applied in order to build up research model about factors influencing the auditor independence and affects to SAI’s audit quality. Design/methodology/approach: Research using complex techniques to analyze complex relationships in the SEM model. This result tests research model in Vietnam from the perspective of the state auditors’ perception with 225 valid responses. Findings: The result found out three primary factors that affect the independence of public-sector auditors: political hegemony, auditor tenure and relationships with auditees. These factors have negative impact on state auditor’s independence, meanwhile auditor independence has a positive impact on SAI’s audit quality. Research, Practical & Social implications: The study contributes to existing literature by providing empirical evidence for there is no suitable audit quality measurement framework for SAIs. Originality/value: The results highlight strong importance of the auditor independence so that SAI Vietnam can have effective solutions to protect independence of state auditor from threats and improve the audit quality of SAI.

“…They agreed to two nonbinding documents: Agenda 21 (UNEP, 1993), an ambitious plan for sustainable development, and the Rio Declaration (1992), a set of twentyseven principles to aid the plan's implementation. Preserving a steady basis of natural resources and preventing excessive waste of both renewable and non-renewable resources are examples of how sustainable development addresses environmental issues (Akbar & Mahdi, 2023).…”

Section: Introductionmentioning

confidence: 99%

A Realistic Approach Towards Attaining Sustainable Environment Through Improved Public Participation in Nigeria

Awhefeada¹,

Aloamaka²,

Kore-Okiti³

2023

Purpose: The aim of this study is to examine the critical need for effective public participation in Nigeria as a means of enhancing sustainable development and cooperation among Indigenous peoples, as well as to advocate for the removal of legislative, judicial, and administrative barriers to participation in environmental law governance. Theoretical Framework: The existing literature has failed to address the gamut of legal, regulatory, and declarations (particularly Principle 10 of Rio 1992) and administrative frameworks for environmental protection and governance in Nigeria. These appeared to be a farce, hence the refusal to integrate the public and stakeholders’ opinions in environmental management that may conflict with official government policy. Design/Methodology/Approach: The doctrinal method of analysis was adopted. It was based on current materials and drew on contrasting views of learned authors and scholars, as well as various legislative sources. Data was obtained using texts, articles, journals, case law, electronic sources, legislation, and other policy documents. Findings: The results shows how the present legal and regulatory framework for the protection of the environment in Nigeria contradicts the concept of improved public participation. Research, Practical & Social implications: The study suggest the development of an effective legislative framework that incorporates the guiding principles of global public participation initiatives for environmental sustainability. Originality/Value: The value of the study reveals the global significance and the potential of public participation to improve the sustainability of the environment in Nigeria are essential to advancing the status of Principle 10 of the Rio Declaration as an emergent customary international law.