New development: Real-time audit in the public sector—benefits, challenges and a roadmap

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IMPACT This article highlights the significance of real-time audit (RTA) in the public sector. RTA is very challenging for auditors as it requires them to make recommendations on ongoing and incomplete actions which might affect their professional judgement. The authors provide new insights to public sector auditors, managers and policy-makers as to what kind of auditing standards can be developed for RTA for its effective implementation. RTA is still evolving and needs clear regulations from the relevant supreme audit institution (SAI). Overall, this article underlines the importance of conducting RTA in the public sector, emphasizing the value of transparency and informed decision-making in the auditing profession.