Systematic Literature Review on the Role of Public Auditors in Financial Transparency

Abstract

This study investigates the role of public auditors in advancing financial transparency in the public sector through a systematic literature review (2017–2021) of 52 empirical and conceptual works guided by the PRISMA framework. The analysis shows that audits strengthen transparency by verifying financial information, disclosing audit results to the public, and providing recommendations for improved financial management. Audit effectiveness is shaped by auditor independence, technical expertise, adequate resources, and supportive regulatory frameworks. Nonetheless, auditors face persistent obstacles such as political interference, budget constraints, and limited access to information, especially in developing and transitional economies. The study emphasizes that context-sensitive policy reforms are needed to safeguard independence, enhance institutional capacity, and ensure timely audit disclosures, thereby maximizing the contribution of public audits to transparency, accountability, and public trust.