Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

The impact of external audit on the accountability of the common fund of the Mozambique National Institute of Statistics

The impact of external audit on the accountability of the common fund of the Mozambique National... The purpose of this paper is to evaluate the impact of external audit on the management of the Common Fund of the Mozambique National Institute of Statistics (INE).Design/methodology/approachThis paper followed a case study approach of the INE Common Fund that was based on the qualitative evidence from the content analysis of the external audit reports, annual plans of activities and budget for the past seven years and interviews with middle managers of the INE.FindingsThe research found that external audit has a relatively significant impact on the management of the INE Common Fund. The authors attribute the positive impact to the high concern of management to implement the external audit recommendations, associated with the financial dependence between the agent (the National Institute of Statistics) and the principal (Fund Donors), explained through Laughlin’s Model of Accountability.Practical implicationsThe results indicate that external audit associated with the financial dependence of the agent on the principal has a significant impact on the accountability. Thus, it contributes to assist in the formulation of public policies on external financing to developing countries.Originality/valueMost of the studies on external audit and accountability are from countries with more developed economies than Mozambique’s, without heavy reliance on external financing, and these studies analyse the audits carried out by public audit institutions. This research explores the phenomenon in the context of external financing to the State Budget by governments and international organisations. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Managerial Auditing Journal Emerald Publishing

The impact of external audit on the accountability of the common fund of the Mozambique National Institute of Statistics

Cumbe, Luís Leonardo; Inácio, Helena
Managerial Auditing Journal , Volume 33 (6/7): 20 – Oct 11, 2018
Download PDF
20 pages

Loading next page...
 
/lp/emerald-publishing/the-impact-of-external-audit-on-the-accountability-of-the-common-fund-6t4sInh6nL
Publisher
Emerald Publishing
Copyright
© Emerald Publishing Limited
ISSN
0268-6902
DOI
10.1108/maj-01-2017-1500
Publisher site
See Article on Publisher Site

Abstract

The purpose of this paper is to evaluate the impact of external audit on the management of the Common Fund of the Mozambique National Institute of Statistics (INE).Design/methodology/approachThis paper followed a case study approach of the INE Common Fund that was based on the qualitative evidence from the content analysis of the external audit reports, annual plans of activities and budget for the past seven years and interviews with middle managers of the INE.FindingsThe research found that external audit has a relatively significant impact on the management of the INE Common Fund. The authors attribute the positive impact to the high concern of management to implement the external audit recommendations, associated with the financial dependence between the agent (the National Institute of Statistics) and the principal (Fund Donors), explained through Laughlin’s Model of Accountability.Practical implicationsThe results indicate that external audit associated with the financial dependence of the agent on the principal has a significant impact on the accountability. Thus, it contributes to assist in the formulation of public policies on external financing to developing countries.Originality/valueMost of the studies on external audit and accountability are from countries with more developed economies than Mozambique’s, without heavy reliance on external financing, and these studies analyse the audits carried out by public audit institutions. This research explores the phenomenon in the context of external financing to the State Budget by governments and international organisations.

Journal

Managerial Auditing Journal – Emerald Publishing

Published: Oct 11, 2018

Keywords: Accountability; Common fund; External audit; Public funds

References

  • Integração das teorias explicativas da auditoria no modelo de accountability de laughlin: análise teórica e empírica
    Almeida, B.J.M.D.; Silva, A.G.D.
  • Two concepts of accountability: accountability as a virtue and as a mechanism
    Bovens, M.
  • The public sector audit: expectations gap in Bangladesh
    Chowdhury, R.; Innes, J.; Kouhy, R.
  • Audit for accountability in China: an incomplete mission
    Gong, T.
  • Accountability Briefing Note
    Grant, E.; MacArthur, T.
  • Fundamental Principles of Public-Sector Auditing
  • The Lima Declaration
  • A model of accountability and the Church of England
    Laughlin, R.C.
  • Accountability: the core concept and its subtypes (No. [Working Paper no 7203])
    Lindberg, S.I.
  • Memorandum of Understanding between the National Statistics Institute of Mozambique and Cooperation Partners
  • External auditing and accountability in the tanzanian local government
    Mzenzi, S.I.; Gaspar, A.F.
  • Taking accountability into account: the debate so far
    Newell, P.; Newell, P.; Wheeler, J.
  • Public accountability and performance auditing in government
    Ng, A.Y.
  • Auditing for Managers: The Ultimate Risk Management Tool
    Pickett, K.S.; Pickett, J.M.
  • Pub. L. No. 35, Boletim da República: I Série
  • The impact of performance audit on public sector organizations: the case of Estonia
    Raudla, R.; Taro, K.; Agu, C.; Douglas, J.W.
  • Accounting systems and systems of accounting – understanding accounting practices in their organisational contexts
    Roberts, J.; Scapens, R.
  • Audit or evaluation? A national audit office Vfm study
    Roberts, S.; Pollitt, C.
  • Auditing and accountability mechanism in the public sector
    Salawu, R.O.; Agbeja, O.
  • Auditing practices and organizational efficiency in local government authorities: a case study of tanzania
    Tulli, M.M.
  • Some evidence on executives’ views of corporate social responsibility
    Woodward, D.; Edwards, P.; Birkin, F.