This paper presents a challenge to public sector managers, policy makers and interested academics. In drawing off the findings of previous international comparative studies of New Public Financial Management (NPFM) reforms, it concludes that public services and their providers are caught in an...

Our earlier studies have reported on contemporary international developments in public sector accounting (PSA) within the reforms of New Public Management (NPM) and New Public Financial Management (NPFM). This paper focuses on what we consider to be the crucial change associated with NPFM, the...

This paper reviews the way in which auditing issues have been raised and addressed during the credit crunch and developing global financial crisis. Analysis is based on a review of the academic auditing literature, regulatory and audit reports, together with articles from the financial press....