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AUDIT AND ACCOUNTABILITY IN THE PRIVATISATION PROCESS: THE ROLE OF THE NATIONAL AUDIT OFFICE
Author(s) -
Hodges Ron,
Wright Mike
Publication year - 1995
Publication title -
financial accountability and management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.661
H-Index - 44
eISSN - 1468-0408
pISSN - 0267-4424
DOI - 10.1111/j.1468-0408.1995.tb00402.x
Subject(s) - audit , accountability , business , accounting , joint audit , chief audit executive , performance audit , process (computing) , internal audit , audit plan , process management , information technology audit , political science , computer science , law , operating system
This paper provides an analysis of the role of the National Audit Office (NAO) in the monitoring of the process of privatisation based upon a review of twentysix reports on privatisations issued up to the end of 1993. The paper deals with two particular issues: the extent to which it is appropriate for the NAO to investigate the structural form selected for a particular privatisation and the extent of post‐privatisation monitoring. Outstanding issues include the sensitivity of audit work that comes close to matters of government policy and the boundaries of the activities of various monitoring bodies after privatisation.