34. International Public Finance Conference
The Factors Influencing External Audit and the Effect Of External Audit on Fiscal TransparencyHüseyin Güçlü Çiçek, Süleyman Dikmen
The study aims to analyze the factors that affect the external audit of the Supreme Audit Institution (SAI) and the effects of external audit on fiscal transparency. The effect of external audit on fiscal transparency is tested for 115 countries with Two-Stage Least Squares Method (2SLS). According to the analysis, it is determined that the level of democratization, gross domestic product (GDP) per capita, budget oversight of the legislature, audit diversity of Supreme Audit Institution and judicial model of Supreme Audit Institution have significant and positive effects on external audit. It is also determined that external audit has significant and positive effects on fiscal transparency.