skip navigation

PUBLICATIONS

Register for Latest Research

Stay Informed
Register with NCJRS to receive NCJRS's biweekly e-newsletter JUSTINFO and additional periodic emails from NCJRS and the NCJRS federal sponsors that highlight the latest research published or sponsored by the Office of Justice Programs.

NCJRS Abstract

The document referenced below is part of the NCJRS Virtual Library collection. To conduct further searches of the collection, visit the Virtual Library. See the Obtain Documents page for direction on how to access resources online, via mail, through interlibrary loans, or in a local library.

 

NCJ Number: 72290 Find in a Library
Title: Comparison of Audit Costs in the Federal and Private Sectors
Journal: Government Accountants Journal  Volume:29  Issue:2  Dated:(Summer 1980)  Pages:37-46
Author(s): D E Garner
Date Published: 1980
Page Count: 10
Format: Article
Language: English
Country: United States of America
Annotation: Comparison of corporate and Federal audit costs indicates that the Federal audit resources are managed as well as the private sector's, even though the Federal audit cost to agency funding percentage is higher than that for the private sector.
Abstract: Audit costs in 39 Federal audit organizations, in addition to the General Accounting Office (GAO) were compared with a sample of 105 companies because of the controversy over the adequacy of funding and the management of audit resources in the Federal sector. The results showed that organizations in the Federal sector were spending a higher percentage of total funding on audit costs than were comparable private sector organizations. However, this could be caused by the orientation toward the fiduciary responsibilities inherent in the Government, and the need for accounting records which had to be kept using separate funds and requiring additional auditing. This would indicate that the Federal audit funds were managed as well as the private sector's. This assumption could also be supported by the fact that the Government costs, including audit costs, did not simply increase during the years studied, but reflected changes in demand for Government services. Statistical and tabular data (10 tables) and reference notes are included.
Index Term(s): Auditing standards; Audits; Federal government; Financial management
To cite this abstract, use the following link:
http://www.ncjrs.gov/App/publications/abstract.aspx?ID=72290

*A link to the full-text document is provided whenever possible. For documents not available online, a link to the publisher's website is provided. Tell us how you use the NCJRS Library and Abstracts Database - send us your feedback.