Abstract
Supreme Audit Institutions (SAIs) are independent external services charged with the audit of public funds. Their main objective is to strengthen the accountability, transparency and integrity of government and public sector entities as well as to make a difference to the lives of citizens. Moreover, SAIs should notify policy makers of the emerging trends and future challenges in order to help them to take action to avoid crises. Despite their differences and various models from country to country, SAIs are often mentioned as “watchdogs” or “cornerstones of transparency and accountability” of public financial management and they constitute essential components in a democratic system.
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Kontogeorga, G. (2019). Supreme Audit Institutions. In: Marciano, A., Ramello, G.B. (eds) Encyclopedia of Law and Economics. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-7753-2_728
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DOI: https://doi.org/10.1007/978-1-4614-7753-2_728
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