audit society

audit society

(M. Power, The Audit Explosion, 1994, The Audit Society, 1997) a society ‘which has come to understand the solution to many of its problems in terms of AUDIT’. (Power, 1997:5). Power's contention is that audits ‘do not passively monitor… performance ‘but shape the form of the performance in crucial ways (Power, 1994:8). Partly because they become formulaic and ‘ritualistic’ they may have side-effects and pathologies that frustrate the original intention to produce transparency and improvement of performance. The origins of an increase in audit are bound up with the phenomenon of RISK SOCIETY, with the new economic and ecological uncertainties – ‘new environments of trust and risk’ -associated with REFLEXIVE MODERNIZATION and GLOBALIZATION.
References in periodicals archive ?
Michael Power, in his landmark The Audit Society: Rituals of Verification (1997; see also 2000), argued that modern society increasingly demanded that auditors function as an institutional check on those entrusted with decision-making and spending.
"In search of the audit society: Some evidence from health care, police and schools." International Journal of Auditing 4: 71-100.
In the current era, the perspective of audit society has been modified from functional view to analysis one, and auditors can promote their focused attention from data collection and interpretation, to analyzing, they can also increase the accuracy and reliability of financial statements Instead of spending energy on data collection, Furthermore, time should be managed in a way so that reports and information are available to all users.
To get this number, 410 questionnaires were distributed among the independent auditors, audit society's members of Yazd, Kerman and Tehran.
The Government has been at the forefront of pushing for the creation of an "audit society" that is driven by Soviet-style targets at the expense of creativity and entrepreneurship.
A sixth change I call the development of the audit society. (3) 0ne of these new organizations is called Democracy Watch.
the operation of parliamentary democracy to the same degree as our altered perceptions of Quebec, First Nations peoples, human rights, the role of the media, representation or the rise of the audit society.
"In the wake of Enron," he said, "the possibility is that regulation is going to go much too far and that we are going to create a kind of audit society in which there is the illusion that if there are enough regulations and if you check off enough boxes, everything will be fine."
'It is said we live in an 'audit society' but it is one that has reasonable expectations of service.