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The role of the Supreme Audit Institutions

In many countries, the function of external auditing is carried out by so-called Supreme Audit Institutions (SAIs), also frequently known as the Court of Auditors. SAIs conduct audits according to …

Case study: the Malawi ‘cashgate’ scandal

Cases of bad public financial management are, unfortunately, not uncommon: the financial and business press often report stories from around the world of misappropriation and misallocations that attract public attention, …

What is Auditing and Assurance?

Auditing is a social practice. It’s a formal process carried out by accounting and legal professionals according to explicit and codified procedures, and it has increasingly gained in importance in …

Mars: Getting the financial house in order

“Mr Ferrari, thank you for your hospitality,” began Sophie. “The meeting was very helpful and clarified the current financial management practices at Mars Colony administration. I will report to Earth …

Coming up next week

Dr Alberto Asquer reviews Week 3 of the course and our introduction to raising public sector revenues. He also looks ahead to the final week of the course, where we …

Mars: Digging for sources of revenue

A massive cargo aircraft passed over the directorate where the meeting was held. “This is one of the latest additions to our cargo fleet,” the Director explained. “Mining has been …

What is Tax Competition?

It’s a concept known as ‘tax competition’ – tax measures that governments adopt to make a country more attractive, especially towards businesses, investors and high net-worth individuals (or HNWI: those …

How do taxes serve public policy objectives?

From the redistribution of wealth to improving public health and the environment, taxation can bring many benefits which serve the public good. Professor Tony Allan examines the effectiveness of using …

Indirect taxation: What can be taxed?

What can be taxed? Think of taxes on tobacco and fuel. Typically, indirect taxes are paid to tax authorities by companies who can, in turn, pass the cost of the …

Are Natural Resources a Blessing or a Curse?

Natural resources provide a valuable source of income for many countries but their exploitation comes at a high price. The exploitation of oil, gas, coal, minerals and forests account for …

What are the principles of good taxation?

Taxation: one of the clearest manifestations of the powers of a public authority. It has existed since the earliest forms of recorded government in history: from ancient Egypt, when the …