International conference on Accounting, Auditing & Management in Public Sector Reforms (European Institute for Advanced Studies in Management) edition:5th location:Amsterdam, The Netherlands date:3-5 September 2008
Although thus far only few academic studies were conducted in which the effectiveness of performance audits has been examined, it is often contended that these kind of audits impact upon and contribute to the effectiveness, the efficiency and the accountability of public sector. Frequently claims are made that performance audits support parliamentary democracy by assisting the legislative power in controlling the executive. Moreover, the information they produce would inform citizens about the ins and outs of government. Despite the limited evidence of these beneficial effects, a growing number of governments heavily invest in the development and expansion of their performance audit functions. Therefore it is remarkable that the question whether or not performance audits are truly effective thus far only received limited attention from the academic world (Morin, 2004).
Within this framework, our explorative research had two main ambitions. Firstly, we sought to explore the actual effectiveness of performance audits. Secondly, we aimed at uncovering the various factors that impact upon and provide an explanation for the effectiveness of performance audits.