In this essay, I will concur with Public Audit Forum’s statement that ‘external public auditors have a direct and positive influence on the way organizations and people in the public service discharge their responsibilities’. However, it is important that we do not ignore the negative influences caused by the auditors. In this essay, I will first discuss the positive influences first before moving onto the counterpart, and finally conclude on why I believe that the positives outweigh the negatives.

BackgroundThe public service sector includes the central and local government; public utilities accountable to parliament; other public bodies funded from taxation…and so on. To this day however, what is regarded as public sector fluctuates widely according to ‘political fashion and historical accident’. Accounting ... Showed first 120 words of 1636 Size (words) ...

... Continuing with another 115 out of 1636 Size (words) ...in assessing subjective objectives and the potential ‘gaming’, the positive influences of external public auditors outweigh the negatives. Public audit adds value not merely by analyzing and reporting what has happened after the even but also by being forward looking, by identifying lessons to be learnt from past weaknesses and by disseminating good practice. Due to the characteristic of the external public auditors being independent, we can be confident in auditors to a great degree.

Even though there are many techniques for examining VFN, it should be stressed that VFN is an attitude of mind. The most important action point for any government wanting to secure VFM is one hundred per cent commitment from ...Essay still continues 100 more words...