Abstract
The present article has as objective the presentation of a series of external audit systems, together with some of their characteristics and models found in different countries. The purpose of the external audit performed by the Supreme Audit Institutions (SAI) is to assure the proper use of the public funds, a good management and the public and private accountability of the authorities, through the published objective rapports.
Highlights
The modern audits of the public sector are first of all geared towards the needs of the legislature
These add a significant value to public sector management, by providing the objective and professional evaluation of the efficacy of the financial management system and of the economy, and efficiency and effectiveness in the operations performed by the government
The structure, function, and the status of the Supreme Audit Institutions (SAI) may vary from country to country due to their respective historic development, political systems, culture, language and regional affiliations
Summary
The modern audits of the public sector are first of all geared towards the needs of the legislature. A supreme audit institution (SAI) conducts public sector auditing. Supreme Audit Institutions (SAIs) are the national bodies responsible for scrutinizing public expenditure which provide an independent opinion on how the executive has used public resources.
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