Audit quality attributes of European Union supreme audit institutions
Clark, Colin and De Martinis, Michael and Krambia-Kapardis, Maria (2007) Audit quality attributes of European Union supreme audit institutions. European Business Review, 19 (1). pp. 40-71. ISSN 0955-534XFull text for this resource is not available from the Research Repository.
Purpose – To examine the enabling legislation of European Union (EU) member country supreme audit institutions (SAIs) for their accountability to parliament and independence from the executive arm of government. Design/methodology/approach – The sample comprises the SAIs of the 25 EU member countries and the European Court of Auditors. Data were collected on 30 accountability and independence issues directly from the enabling legislation of these SAIs. Findings – Results indicate that apart from a number of instances where the enabling legislation is silent, provisions generally provide for adequate independence of the SAIs from the executive arm of government. On the other hand, the provisions for the accountability of the SAIs to parliament are somewhat weaker. Research limitations/implications – If actual practice or convention does not reflect the literal interpretation and application of the enabling legislation, then SAIs may have more or less independence and/or accountability than suggested by the analysis of the legislation alone. Practical implications – Results of this study highlight where current provisions could be further strengthened through appropriate amendments to the enabling legislation. Originality/value – Such findings may be useful to policy makers and legislators.
|Uncontrolled Keywords:||ResPubID13687, auditors, auditing, auditing standards, European legislation, European Union|
|Subjects:||Faculty/School/Research Centre/Department > Centre for International Corporate Governance Research
SEO Classification > 9104 Management and Productivity
FOR Classification > 1402 Applied Economics
FOR Classification > 1501 Accounting, Auditing and Accountability
Faculty/School/Research Centre/Department > School of Accounting
|Date Deposited:||04 May 2012 02:11|
|Last Modified:||04 May 2012 02:11|
|ePrint Statistics:||View download statistics for this item|
|Citations in Scopus:||2 - View on Scopus|
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