JICPA publishes a report on public sector auditing - "Development of performance auditing in public sector and the role of accountants"
On May 20, 2013, a report addressing performance auditing and the role of accountants in public sector, “Development of performance auditing in public sector and the role of accountants” was published by JICPA’s special task force on reviewing a revision of the Local Autonomy Act of Japan.
The task force has been established to consider measures to improve public sector financial accounting and auditing in Japan, with a view to strengthen local self-governance.
With the increasing levels of attention paid to the performance auditing in public sector due to worsening of financial conditions in local governments and other public sector entities, the report examines overseas development in performance auditing in public sector, and reflects on the current situation in Japan to provide views on the roles that accountants can play in this area.
This report is to serve as a point of departure for further discussion and dialogue among members and related parties on the issue of performance auditing in public sector.
The report is available only in Japanese.