Theoretical Framework of the Public Audit
Assist. Prof. Dr. Mehmet Alpertunga Avci

Audit, which is a confirmation activity with regard to the conformity of the decisions with the purposes and goals determined, is a matter of demand. The determinant of the aforementioned demand is the section to which audit appeals. At this point, audit is a matter of political demand in the public economy and provides assurance for the citizens when it comes to the exercise of the public power of attorney by the representatives through the delegation of authority. Audit, a matter of economic demand within the private economy perspective, enables stakeholders to observe their stipulated capitals, crediting establishments to follow up the outcome of their funds and the company administrators to effectively plan the future in light of the previous implementations. Additionally, audit is a complementary method in terms of both the public economy and the private economy. Referred with different names such as inspection, review, revision, control and supervision in the literature, audit has become a discipline and profession today, which has its own propositions. The meaning carried by audit especially in the sense of public financial audit obligates revealing the theoretical framework of this new discipline. The purpose of this study is - exactly at this point - to draw up the theoretical framework of the classic public sector audit. In the study, the historical development of audit was explained with its main lines first of all, and then respectively, the conceptual framework of audit, the relation between state audit and private audit, constituents of audit, auditing principles, methods and types were presented theoretically. In fact, it is aimed that this study, which is a preintroduction for the new beginners of audit, constitutes a source guiding the academicians who will deal with state audit and the auditors at the beginning level.

Full Text: PDF     DOI: 10.15640/rah.v4n2a6