Encyclopedia of Law and Economics

2019 Edition
| Editors: Alain Marciano, Giovanni Battista Ramello

Supreme Audit Institutions

  • Georgia KontogeorgaEmail author
Reference work entry
DOI: https://doi.org/10.1007/978-1-4614-7753-2_728


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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Copyright information

© Springer Science+Business Media, LLC, part of Springer Nature 2019

Authors and Affiliations

  1. 1.International Board of Auditors for NATO (IBAN)BrusselsBelgium
  2. 2.University of Paris 1- Pantheon SorbonneParisFrance