What is it about?
Inspection and oversight have long been practiced in both the public and private sectors. Often, the trait of independence is used as a key premise in support of the objectivity and impartiality of such oversight. Where do we find genuine independence in fact (compare, the independent contractor)?
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Why is it important?
Costs and benefits, especially regarding general deterrence as well as control, detection, and fraud (and corruption) risks, do not consistently and clearly identify where to find the best inspection and oversight. How do we find it?
Perspectives
I am an academic, following long stints in both the private and public sectors. Collectively, inspection and oversight needs a rethinking, especially in these times of austerity, uncertainty, and changes in political economies.
Professor David Shapiro
John Jay College
Read the Original
This page is a summary of: The Inspector General Function and Outsourcing: An Introduction, Journal of Corporate Accounting & Finance, December 2016, Wiley,
DOI: 10.1002/jcaf.22238.
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