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Fairness, efficiency and lack of corruption
The most important role of auditing is assurance. In big public companies shareholders have the right to a trustable report about what they are doing. If it's true that save and invest is almost a duty, one cannot say paying taxes is so different. The public sector invests our money. That's why often public managers say taxpayers are comparable to shareholders. When we talk about fairness, efficiency and lack of corruption we are referring to both private and public sector. It seems technology to have brought a revolution in readiness to access any document required. One can access documents on public economy easily and in a short time. But the quality of documents and their closeness to reality is the most valuable question. Recent research by International Forum of Independent Audit Regulators (IFIAR) among their members show risks for misstatements in audited financial documents. But who is checking the accountant?