Open AccessForecasting and reporting performance: the search for the holy grail?
Author(s) -
Kevin P. Brady
Publication year - 2008
Publication title -
policy quarterly
Language(s) - English
Resource type - Journals
eISSN - 2324-1101
pISSN - 2324-1098
DOI - 10.26686/pq.v4i2.4258
Subject(s) - holy grail , audit , phenomenon , business , lying , accounting , public sector , public relations , computer science , political science , world wide web , law , medicine , physics , quantum mechanics , radiology
More than 500 public entities in New Zealand are required to publicly report prospective and actual performance information. Most of the requirements have been in place for more than 15 years, their origins lying in the public sector reforms of the 1980s. There is strong theoretical logic supporting the usefulness of publicly disclosed performance information, with disclosure of non-financial performance information a growing phenomenon internationally. Indeed, last year I attended an international gathering of auditors-general at which it was clear that the demand for such information is growing.