TY - JOUR
T1 - Risk-Based Audit Target Selection Can Increase the Probability of Conducting Value-Added Audits
AU - Zacchea, Nick
N1 - AGA is the member organization for government financial management professionals. Through training and events, professional certification, publications and ongoing education, AGA helps members build their skills and advance their careers. AGA is committed to increasing government accountability and transparency and has been instrumental in assisting with the development of accounting and auditing standards and in generating new concepts for the effective organization and administration of government financial management.
PY - 2003/4/1
Y1 - 2003/4/1
N2 - WHY SHOULD AUDITING ADD VALUE? Auditing is a necessary, expensive, time-consuming activity. So, why shouldn't an audit recover the cost of its performance and return more to an organization than it cost to perform? Costs associated with all audit organizations, whether an internal or external organization either in the private or governmental sector, consume valuable resources that could be used more effectively for other organizational initiatives. So instead of being simply a cost of doing business, why shouldn't audit be a means for adding value?
AB - WHY SHOULD AUDITING ADD VALUE? Auditing is a necessary, expensive, time-consuming activity. So, why shouldn't an audit recover the cost of its performance and return more to an organization than it cost to perform? Costs associated with all audit organizations, whether an internal or external organization either in the private or governmental sector, consume valuable resources that could be used more effectively for other organizational initiatives. So instead of being simply a cost of doing business, why shouldn't audit be a means for adding value?
UR - https://www.agacgfm.org/Research-Publications/Journal-of-Government-Financial-Management.aspx
M3 - Article
VL - 52
JO - Journal of Government Financial Management
JF - Journal of Government Financial Management
ER -