ISSN: 2225-8329
Open access
Public sector audits involve checking the financial issues of state-owned entities that have been conducted in the best interest of the public, and to determine whether standard procedures have been followed to adhere to the procedures required to promote transparency and good governance (such as public sector procurement rules). Public sector audits therefore go a step further than the financial audits of non-governmental companies that focus primarily on the reliability of financial statements. The specific objective of this study is to investigate the public sector financial audit effectiveness in the Abu Dhabi Police (ADP), UAE. Other objectives are, to investigate impact of infrastructure for financial audit in the Police Department to improve performance, to investigate the competency of the public sector financial auditors in the ADP, UAE. Some of the other factors that can impact the efficiency of the governmental audit process are the independence and motivation of the institute which can conduct the work of the audit without any department intervention for audit work. The freedom of internal audit and assurance for the objectivity institute is both in service and in consultation. The first objective of the study , it is seen that the effectiveness of the public sector financial audit will be more appropriate if there is a scope of joint audit and both local and global reputed audit firms are involved . The research has focused the need of such need of the hour independent acceptability to be at par with leading nation globally. Secondly, impact of the competency of the public sector financial audit was observed to be very ineffective due to the fact it is just a routine check, rather the competency would have been improved if in addition surprise public sector financial audit was determined and put into place.
1. Mansour, A. M. (2017). Has The United Arab Emirates Federal Government Succeeded To Transform Its Federal Bureaucracy Into A New Public Management System?, 18(1), 119.
2. Fan, J. & Wong, T. J. (2005). Do external auditors perform a corporate governance role in emerging markets? Evidence from East Asia. Journal of Accounting Research, 43(1), 35–72.
3. Jill, M. D., & Houmes, R. (2014). COSO's Updated Internal Control and Enterprise Risk Management Frameworks. The CPA Journal, 84(5), 54.
4. Grau-Gumbau, R., Agut-Nieto, S., Llorens-Gumbau, S., Martinez-Martinez, I. N. (2002). Managerial training needs: A study of Spanish tourism organization. Tourism & Hospitality Research, Feb2002, 3(3), 234-244.
5. Güvemli, B., Yildiz, F. (2010) “Commercial Books Under Turkish Commercial Laws Concerning Accounting”, Pecvnia, Revista de la Facultad de Ciencias Económicas y Empresariales de la Universidad de León, 85-104, no.11.
6. Tricker, R. B., & Tricker, R. I. (2015). Corporate governance: Principles, policies, and practices. Oxford University Press, USA
7. Yuan, D., Hua, Z. & Junxi, Z. (2007). Private vs. state ownership and earnings management: evidence from Chinese listed companies. Corporate Governance: An International Review, 15(2), 223–238.
To cite this article: Alshamsi, H.S.A.A., Adaikalam, J., Karim, A.M., (2020). Impact of Public Sector Financial Audit: A Case Study on Police Department of Abu Dhabi, UAE, International Journal of Academic Research in Accounting, Finance and Management Sciences 10 (1): 25-40
Copyright: © 2020 The Author(s)
Published by Human Resource Management Academic Research Society (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode