Tag: Summer 2020

The Turkish Court of Accounts (TCA) celebrated its 158th anniversary on May 29, 2020. The TCA, established in 1862 during the Ottoman Empire as Turkey’s Supreme Audit Institution, actually bears a history spanning 1,180 years considering its existence as an audit body since the historical Turkish states…

The behavioral economics field has developed valuable insights on when (and how) people make systematic errors in decision-making due to cognitive biases and fallacies. These insights can deepen the understanding of various factors affecting decision-making and are particularly important to audit work, which aims to…

Professional skepticism is a key element in high-quality audits, as it ensures auditor judgments are less clouded by personal biases. According to audit standards, professional skepticism involves having a questioning mind and critically assessing audit evidence. However…

The COVID-19 Pandemic has posed significant challenges to public health, the global economy, our governments, Supreme Audit Institutions (SAIs), and the citizens we serve. As an independent, non-partisan, objective agency, the U.S. Government Accountability Office (GAO) provides oversight of the federal response to the COVID-19 Pandemic. GAO has…