Value for money auditing - an international review and comparison



Publication Details

Glynn, J. J. (1985). Value for money auditing - an international review and comparison. Financial Accountability and Management, 1 (2), 113-128.


Value for money (VFM) auditing is not new, in many ways the United Kingdom is now only embarking explicitly upon a path that other countries have already followed. This paper reivews developments in six countries. The first country reviewed is the United Kingdom where two recent pieces of legislation have been introduced which have given statutory recognition to VFM auditing. In only a few years important moves have been made with respect to two important aspects of value for money: economy and efficiency. However, the third and most important element, that of effectiveness, appears so far to be only of secondary importance.

Please refer to publisher version or contact your library.