What public Sector Bodies can expect from their Auditors Essay

What earthly concern Sector Bodies loafer expect from their Auditors - Essay ExampleAuditors often provide added time value by noting an opportunity for cost-efficient improvements which whitethorn arise from the auditors investigation and bring these issues to the attention of the management. Thus, it is expected that human beings auditors should endeavor to promote break away ending making and management wherever possible, in order to effect a more efficient mapping of public resources.Proper auditing in the public celestial sphere is essential for maintaining the confidence of the general public during all tenure of managing public funds, and should be carried out to ensure accountability of those entrusted with public funds. On their own part, Malaysian public field auditors should be accountable for their performance, and it is the duty of public sector auditors to undertake their auditing work in an objective, cost-effective and professional manner, with due regard to the needs of the public sector bodies that they audit. The primary audience of the public sector auditors includes the local electorates, the taxpayers and the parliament, as their statutory functions are executed on behalf of the taxpayers. It is essential for public sector auditors to thoroughly plan each audit with a good understanding of the operational environment.The major value of financial statement auditing comes from the assurance provided to taxpayers due to objective and rigorous auditing. The service provided by public sector auditors also provides value by causing an improvement of financial management. It is important for auditors to endeavor to promote better decision making and management whenever possible, so as to enable better and more effective exercising of public resources (Kamaruzaman Jusoff 2010). This can be achieved by the dissemination and highlighting of good practice and the provision of adept assistance which will help to promote efficiency in corpor ate governance arrangements in the public sector in Malaysia. As set down by the statement of auditing 100,