A European Analysis Concerning the Compliance of Information Disclosed by Supreme Audit Institutions
Author:
Univ. Prof. Dumitru MATIȘ, Ph. D.; Associate Professor Dana Simona GHERAI; Assistant Alina Beattrice VLADU, Ph. D.
JEL:
M42, M14
DOI:
Keywords:
public external audit, Supreme Audit Institutions, International Standards of Supreme Audit Institutions, transparency, accountability
Abstract:
The main objective of this study consisted in the assessment of compliance magnitude of information disclosed in English language, regarding the transparency and accountability of the work conducted by the Supreme Audit Institutions from the European Union, as stated in the requirements of International Standards of Supreme Audit Institutions (hereunder ISSAI 20). Using as a measurement tool the Disclosure Index, the authors found that the level of compliance was high. The highest level of compliance with the requirements of ISSAI 20 was obtained in the United Kingdom and Denmark while France comprised the lowest rates. The countries` level of development did not had an impact on the level of compliance of disclosure according to the requirements of ISSAI 20, while the status of the governing body of Supreme Audit Institutions impacted positively. \r\n\r\n