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https://gnanaganga.inflibnet.ac.in:8443/jspui/handle/123456789/14605
Title: | Impact of Public Sector Auditins in Promotins Accountability and Transparency |
Authors: | Vikram Singh |
Keywords: | Accountability Public Sector Auditing Transparency |
Issue Date: | 2019 |
Publisher: | Journal of Accounting and Finance |
Abstract: | Audit is an instrument, a tool of financial control, which is employed by the public or private sector or an individual to safeguard itself against fraud, extravagance and more importantly to bring credibility to the audited. According to International Organization of Supreme Audit Institutions audit is defined as "Evaluation or examination of systems, operations and activities of a specific entity, to ascertain they are executed or they function within the framework of certain budget, objectives, rules and requirements." This is a modern definition of audit in Public sector and does not constrict itself with only cash audit, which was the case originally. For sound and effective functioning of government and to ascertain that the benefit of public funds being used, reach the lowest strata of society and to every individual, audit is an indispensable tool. It helps secure accountability of the executive to the Parliament and towards the public in general. The legislature can exercise control over the executives and verify that the public resources have been utilized responsibly, for the purpose intended and funds raised through various sources like taxes reach government fully. |
URI: | http://gnanaganga.inflibnet.ac.in:8080/jspui/handle/123456789/14605 |
Appears in Collections: | Articles to be qced |
Files in This Item:
File | Size | Format | |
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Impact of Public Sector Auditing in Promoting.pdf Restricted Access | 414.25 kB | Adobe PDF | View/Open Request a copy |
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