Role of Auditor in Public Sector Essay Example | Topics and Well Written Essays - 2000 words

Role of Auditor in Public Sector - Essay Example It can exist in the form of direct administration through tax systems; it can also be represented by publicly owned enterprises, which have more commercial freedom. Nowadays the role of audit and audit committees in public sector plays greater and greater role. Audit is the check of accountant documentation to prove its authenticity. But in more general sense audit is just a check of any phenomenon or activity by an independent expert, who is called auditor. Speaking about the statutory role of auditor in the public sector it should be said that there is an ethic codex for the auditors in public sector. And here we will refer to this codex as the brightest statutory document which singles out the main features of auditors in public sector. An ethic codex is a detailed official list of values and principles which auditors should use as ruling in their activity. There are high demands towards auditors in public sector. The behavior of an auditor must always remain above any suspicion. The wrong behavior presents all auditors in the disadvantageous light. Honesty is the basic demand of the ethic codex. Auditors must keep to the high and worthy standards of behavior in the process of work and their relations with the checking organizations. Auditors are also to support the public trust. There are recommendations as for using auditors in checking any enterprises of public sector. And any government body should choose an audit organization to maintain and fulfill the financial oversight. The system of financial control and reporting can be increased and strengthened through using an effective audit. This can also make the audit process more integral. According to Mayhew, 'auditor is an integral part of public accountability and governance. He plays a crucial role in making all financial processes and documentation integral, and also directing the system of internal control and the control of employee management.' (Mayhew, 2001) The role of an auditor depends on the size, sphere and kind of activity of the specific establishment. The main functions of the auditor in the public sector are: approving the general audit scope, financial planning, performing audit in a cost-effective manner. Risk management is also another function of the auditor. There are the three main features which should be peculiar of the auditor in order to fulfill the necessary functions in the public sector. The first of them is independence. In the public sector, the structure of entities does not separate the governing authority and oversight responsibility from the day-to-day management. For example, a public university president may be both the chief executive officer and a board member. (Hollingsworth, 1999) The auditor must be independent, and he must provide the necessary processes for supporting this independence. He is an independent expert, first of all. Communication is another trait of auditor. He must be capable

Critical Evaluation of HRM and Organisation Behaviour Theories Coursework - 2

Critical Evaluation of HRM and Organisation Behaviour Theories Frameworks - Coursework Example The paper explains that human resource management is a broad spectrum of professional mandate that has to do with anything that deals with the handling of people (human resource). As far as the people are concerned, human resource management caters for â€Å"compensation, hiring, performance management, organization development, safety, wellness, benefits, employee motivation, communication, administration, and training†. Human resource management has been given a theoretical framework by the Business Ball whereby it is related to the psychological contract. It is said that â€Å"The Psychological Contract' is an increasingly relevant aspect of workplace relationships and wider human behavior.† This means that human resource management is considered a necessary phenomenon not just because of the fact that it is needed to lead to the growth and development of an organization but then because it is needed to be in place to protect the basic relationship that needs to exis t between the human workforces in the organization.   This makes human resource management an aspect of organizational management that is needed to have a more permanent basis. It is in this regard that human resource management has always been discussed along with the lines of organizational behavior – because the organizational behavior has a more permanent stake in all organizations. Organizational Behavior has been explained as â€Å"the study and application of knowledge about how people, individuals, and groups act in organizations† (Clark, 1998). This means that organizational behavior can lead to a better comprehension of the type of human resource management that should be in place at a workplace or a given organization and this is the reason why the two concepts are always treated hand in hand. Assumptions underpinning the way in which HRM and organizational behavior theories and frameworks have been propagated Rank (2011) notes that human resource management and organizational behavior has existed with humankind since time immemorial. The only difference is that these two phenomena of management have been through a lot of changes and transitions. The good news is that handling of both human resource management and organizational behavior has been improving with time. There is indeed exists a chain of assumptions underpinning why and how theories and framework of human resource management and organizational behavior all came about. Rank (2011) attributes the conception of the two theories and framework to the emancipation of human rights such that the need to promote the well-being and welfare of all people - regardless of whether they are employees or employers was deemed necessary.