Voluntary adoption of the International Standards on Auditing (ISA) in local government audits—empirical evidence from Finland. Issue 3 (3rd April 2023)

• Record Type: Journal Article
• Authors: Rönkkö, Jaakko; Lilja, Mikko; Oulasvirta, Lasse
• Is Part Of: Public money & management. Volume 43:Issue 3(2023)
• Page Start: 277
• Page End: 284
• Publication Date: 2023-04-03
• Subjects: External audit -- Finland -- institutional theory -- international standards on auditing (ISA) -- local government -- national audit standards; Finance, Public -- Great Britain -- Periodicals; Great Britain -- Economic policy -- 1945-1964 -- Periodicals; 336.005
• DOI: 10.1080/09540962.2022.2131290
• Languages: English
• ISSNs: 0954-0962

Abstract

IMPACT: This article will be useful to policy-makers and public sector managers in terms of understanding how public audit regulation affects audit practitioners in determining applicable audit standards. Over 70% of chartered public finance auditors in Finland were found to voluntarily adopt the International Standards on Auditing (ISA) despite a regulatory environment where the ISA were not strictly required in local government audits.