Accounting and auditing for local governments in the U.S. and the U.K

This paper offers a comparison of local government accounting and auditing in the U.S. and the U.K., including descriptions of the wider environment of the two governmental systems. The paper identifies two major differences in accounting. The first is that, in the U.S., the standard-setter makes requirements, whereas the U.K. policy-maker issues recommendations, which are sometimes not followed. The second is that, in the context of public reports outside the audited financial statements, the U.K. government has mandated the preparation and publication of performance measures by local governments

Accounting information system · Accounting standard · Audit · Business · Financial accounting · Generally Accepted Auditing Standards · Geography · Local government · Political science · Setter · Accounting and Organizational Management · Auditing, Earnings Management, Governance · Public Administration · Public Policy and Administration Research · Accounting

• The surveillance of a supreme audit institution on related party transactions

  Open Access•Gustavo Cesário, Robson Lopes Cardoso et al.•Journal of Public Budgeting…•2020

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• Determinants of auditee adoption of audit recommendations

  Open Access•Stephen Kwamena Aikins•Journal of Public Budgeting…•2012

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