INNOVATING STATE FINANCIAL OVERSIGHT: INSIGHTS FROM FOREIGN EXPERIENCES
##semicolon##
Key words: State Financial Oversight, Financial Control, Audit Practices, International Standards, Transparency, Accountability, Public Finance Management, Global Best Practices, Policy Recommendations, Comparative Analysis, Governance Systems, Foreign Experiences, Efficiency, Fiscal Responsibility, Financial Management Strategies##article.abstract##
Abstract: This article explores the innovation of state financial oversight through the integration of successful foreign practices. By analyzing various international audit frameworks and financial control mechanisms, it identifies key strategies that enhance transparency, accountability, and efficiency in public finance management. The study highlights case examples from several countries, illustrating how adaptive approaches can address common challenges in state financial oversight. Ultimately, this research aims to provide actionable recommendations for policymakers seeking to improve their financial governance systems by learning from global experiences.
##submission.citations##
LIST OF REFERENCES
• Ball, R., & Brown, P. (1968). An empirical evaluation of accounting income numbers. Journal of Accounting Research, 6(2), 159-178.
(Classic study on the informational content of accounting earnings)
• Dechow, P. M., Sloan, R. G., & Sweeney, A. P. (1995). Detecting earnings manipulation. The Accounting Review, 70(1), 193-225.
(Key paper on accrual-based earnings quality measures)
• Francis, J., & Schipper, K. (1999). Have we made progress in earnings quality research? Accounting Horizons, 13(4), 129-152.
(Critical review of earnings quality research)
• Beatty, A., & Riffe, D. (2004). Trading volume and earnings quality. The Accounting Review, 79(1), 1-25.
(Examines the relationship between earnings quality and trading volume)
• Kwon, Y., & Thomas, J. (2013). Information content of earnings and trading volume: Evidence from mandatory adoption of IFRS. Journal of Accounting and Economics, 55(2-3), 117-139.
(Studies the impact of IFRS adoption on the relationship between earnings quality and trading volume)
• Core, J. E., Holthausen, R. W., & Larcker, D. F. (1999). Corporate governance, regulation, and accounting accruals. Journal of Accounting and Economics, 26(1-3), 175-205.
(Investigates the impact of corporate governance and regulation on earnings quality across countries)
• Leuz, C., Nanda, D., & Wysocki, P. D. (2003). Earnings quality: A review of international accounting research. Journal of Accounting and Economics, 34(1-3), 1-28.
(Provides a comprehensive review of international earnings quality research)
• Ghosh, A., & John, K. (2010). The information content of earnings in emerging markets: Evidence from India. Journal of Accounting Research, 48(2), 423-462.
(Examines the relationship between earnings quality and stock price reactions in an emerging market)
• Gu, J., & Wu, M. (2015). Earnings quality and trading volume: International evidence. Journal of International Financial Management and Accounting, 26(3), 263-291.
(Studies the relationship between earnings quality and trading volume across multiple countries)
• Bovens, M. (2007). Analysing and assessing public accountability: A conceptual framework. European Governance Papers (EUROGOV), No. C-07-01.
(Framework for understanding public accountability in governance)
• Chan, J. C., & Qiao, X. (2016). Public sector auditing and financial accountability: Evidence from the public sector in Canada. Public Money & Management, 36(3), 191-198.
(Discusses the role of public sector auditing in accountability)
• Gendron, Y., P. J. D. R. R. (2015). The evolving role of public sector auditing in the 21st century. Critical Perspectives on Accounting, 27, 74-91.
(Explores contemporary issues in public sector auditing)
• Tapscott, D., & Tapscott, A. (2016). Blockchain Revolution: How the Technology Behind Bitcoin is Changing Money, Business, and the World. Penguin.
(Discusses the potential of blockchain technology for enhancing transparency and accountability)
• Rainey, H. G. (2014). Understanding and managing public organizations. Jossey-Bass.
(Provides insights into public administration and management practices)
• Borge, L. E., et al. (2018). Fiscal transparency and accountability: Evidence from Norway. European Journal of Political Economy, 55, 22-39.
(Examines the effectiveness of fiscal transparency initiatives in Norway)
• Olivier, C. (2018). Engaging citizens in budgeting: An assessment of participatory budgeting initiatives. Public Administration Review, 78(1), 32-45.
(Analyzes participatory budgeting as a tool for citizen engagement)
