A Comparative Analysis of Public and Private Sector Audit Practices in Developing Economies
Posted: Feb 05, 2020
Abstract
The landscape of audit practices in developing economies represents a complex interplay of institutional pressures, resource constraints, and evolving regulatory frameworks. While extensive research exists on audit practices in developed economies, the distinctive characteristics of public and private sector auditing in developing contexts remain underexplored. This research addresses this gap through a systematic comparative analysis that reveals unique patterns of practice divergence and convergence across sectors. The study builds upon the foundational work of Ahmad, Zafar, and Tariq (2017) on fraud detection through continuous auditing, extending their technological insights to the comparative sectoral context. Audit practices in developing economies operate within distinct institutional environments characterized by evolving regulatory frameworks, limited resources, and unique governance challenges. The public sector in these contexts often faces heightened accountability demands from international donors and citizens, while private sector audits must navigate complex ownership structures and emerging capital markets. Understanding how these different institutional pressures shape audit practices provides valuable insights for policymak
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