The principal‐agent problem in coastal development: response to Mills et al.

Truong, Chi; Trück, Stefan

doi:10.1111/cobi.12783

Cited by 2 publications

(1 citation statement)

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“…Debate continues on the role of auditing within the public governance framework as scholars and practitioners seek lasting solutions to the principal-agent problem. This problem is a trade-off where owners of businesses or providers of capital employ agents to manage the business on their behalf in terms of a contract signed between the two parties (Truong and Trück, 2016). Auditing costs form part of the agency costs incurred by organizations in a bid to mitigate the agency problem (Falkman and Tagesson, 2008).…”

Section: Introductionmentioning

confidence: 99%

A Case of a South African Municipality's Audit Opinion, Audit Implementation Plan, and Service Delivery

Ndlela,

Sibanda,

Nomala

et al. 2023

JAFEE

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Purpose: This study aimed to establish the perceptions of employees of a municipality in South Africa on how audit opinions are crafted into the audit implementation plan, and how such opinions affect service delivery. Design/Methodology/Approach: The study adopted a quantitative approach using a questionnaire as a data collection instrument. A case study approach was used, with the questionnaire administered to only one municipality that had had an audit opinion in the past three years. Findings: The study found that some staff were not aware of the existence of the Audit Implementation Plan in the municipality. However, the respondents acknowledged the implications of audit opinions for the municipality’s budget and service delivery. Furthermore, employees showed positive attitudes towards the effects of audit opinions on the municipality’s operations. Implications/Originality/Value: The findings have implications for public governance and monitoring of audit implementation plans by municipalities.

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Section: Introductionmentioning

confidence: 99%