Efficiency, economy and effectiveness—but what about ethics? Supreme audit institutions at a critical juncture

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7 Citations (SciVal)

Abstract

Ethics is increasingly recognized as one of several important dimensions of performance. Yet, performance audit, or value-for-money audit, as conducted by supreme audit institutions (SAIs), does not typically include this dimension. Instead, the focus is on the classical ‘three Es’ (efficiency, economy and effectiveness). The reluctance to address issues of ethical misconduct has taken the audit practice of SAIs to a critical juncture, where the legitimacy of these audits ultimately is at stake. This paper explains why SAIs need to add a fourth ‘E’— ethical audit. Possible implications are discussed.
Translated title of the contributionEffektivitet, hushållning och måluppfyllelse -men vad med etik?: Riksrevision vid ett kritiskt vägskäl
Original languageEnglish
Pages (from-to)105-110
Number of pages6
JournalPublic Money & Management
Volume38
Issue number2
DOIs
Publication statusPublished - 2018 Jan 16

Subject classification (UKÄ)

  • Business Administration

Keywords

  • ethical audit
  • INTOSAI
  • performance audit
  • supreme audit institutions
  • value-for-money audit

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