The removal of a specialist oversight body for local public audit: insights from the health service in England

Sheila M Ellwood, Javier Garcia-Lacalle

Research output: Working paperWorking paper and Preprints

87 Downloads (Pure)

Abstract

The abolition of the Audit Commission in England and Wales removes the ‘protector of the public purse’. The oversight body and its audit practice are largely replaced by the private sector regime and audit firms. We analyse the audit market for health service foundation trusts, an area of local public audit that operates without oversight from the Commission. We find evidence of premiums paid to some Big4 firms and that the presence of specialist public service auditors results in fee discounts. The firms limit their liability and assurance of audit quality is reduced under new audit regimes and governance structures.
Original languageEnglish
PublisherSocial Science Research Network (SSRN) working paper
Pages1-31
Number of pages31
Publication statusPublished - 2 Nov 2013

Keywords

  • Audit oversight bodies, specialist auditors, premium audit fees, audit quality, audit independence, governance, foundation trusts

Fingerprint Dive into the research topics of 'The removal of a specialist oversight body for local public audit: insights from the health service in England'. Together they form a unique fingerprint.

  • Cite this