Enacting audit legitimacy: internal processes of VFM auditing in Victoria, Australia

Sunil J. Dahanayake

doi:10.1080/09540962.2020.1732620

Enacting audit legitimacy: internal processes of VFM auditing in Victoria, Australia

Sunil J. Dahanayake

CDU Asia Pacific College of Business and Law

Research output: Contribution to journal › Article

Abstract

This paper shows how auditor-general’s offices (AGO) use strategic planning to legitimize value-for-money (VFM) audits. The transformation of VFM audit practice through these planning processes (corporate plan, annual plan and annual report) involves several key actions by AGOs, including the development of VFM audit methodologies and cultivating relationships with the wider audit environment. IMPACT: This paper extends the existing international understanding about how value-for-money (VFM) audit/performance audit was added to the audit portfolio of the auditor-general’s office (AGO) in a specific country context. VFM audit is unique to AGOs, but its operationalization is different from AGO to AGO. AGOs can use the technical competence of VFM audit to stand out from private sector accounting firms.

Original language	English
Pages (from-to)	1-10
Number of pages	10
Journal	Public Money and Management
DOIs	https://doi.org/10.1080/09540962.2020.1732620
Publication status	E-pub ahead of print - 28 Feb 2020

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10.1080/09540962.2020.1732620

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27202778-oa
Accepted author manuscript, 768 KB

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Dahanayake, S. J. (2020). Enacting audit legitimacy: internal processes of VFM auditing in Victoria, Australia. Public Money and Management, 1-10. https://doi.org/10.1080/09540962.2020.1732620

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