Page 78 - Azerbaijan State University of Economics

Samuel Atsibha Gebreyesus: The Effect of Audit Legal Frameworks on Public
Expenditure Management …

❖ The legislative and judicial organs of the government should actively work to
ensure the legal frameworks of the audit are properly implemented as per
their intended purpose.
❖ The audit institution's legal department should review the audit legal
frameworks (legislation, regulations, directives, and manuals) on a regular
basis and provide feedback to the appropriate body for amendments.
❖ The auditor general's office should provide intensive training to its auditors
on audit legal frameworks so that they are familiar with them and can apply
them.
❖ The auditing institution should collaborate with stakeholders to gather
feedback on legal loopholes and make immediate corrections.

REFERENCES
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Cordery, D. H. (2017). TheValueofPublicSectorAudit:LiteratureandHistory. Journal
of Accounting Literature, 1-49.

Danescu, S.D.(2011). Supplemental Guidance:Public Sector Definition. The institute
of internal auditors, 1-8.

Dwiputriant, S. (2011). Effectiveness of public sector audit reports in Indonesia
(preceeding and following audit reform). researchGate, 1-382.
Eisenhard, K. M. (1989). Agency Theory: An Assessment and review. Academy ol
Managwneni Review, 1-19.

Guliyev V., Hajiyev N., Guliyev F. (2019). Factors Affecting Audit Quality in
Corporate Sector. Economic and Social Development: Book of Proceeding.
Varazdin Development and Entrepreneurship Agency (VADEA). pp.812-820

Hajiyev N., Rustamov A.(2019). How oil price drops are reflected by imported
inflation in Azerbaijan?. International Journal of Energy Economics and
Policy, vol 9(2), pp.182-193

INTOSAI. (2019). Fundamental Principles of public sector audit. Vienna, Austria.
Retrieved December 04,2022, from www.issai.org: https://www.issai.org/wp-
content/upload/2019/08/ISSAI-100-Fundamental-Principles-of-Public-Sector -
Auditing.pdf

Ittonen, K. (2010). A Theoretical Examination of the Role of Auditing and the
Relevance of Audit Reports. Proceedings of the University of Vaasa. Teaching
Aid Series (pp. 1-70). Vaasa: the University of Vaasa

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