Deviations of Budgetary Data and Outcomes of the First Degree Local Authorities: The Case of the Local Authorities in the Prefecture of Achaia for the Period 2005 to 2007
3rd International Conference on Accounting and Finance Skiathos Isl., Greece, August 25-27, 2010
10 Pages Posted: 29 Sep 2010 Last revised: 14 Oct 2010
Date Written: April 15, 2010
In this paper, an attempt is made to compare the budgetary data with the outcomes of 15 first degree local authorities in the Prefecture of Achaia, which should be subject to a preventive audit by the Hellenic Court of Audit. More specifically, it refers to Municipalities with over 5000 inhabitants that, according to the Presidential Decree 315/99, are obliged to use the accrual accounting system. These data -which were officially submitted by the local authorities to the Hellenic Court of Audit of the Prefecture of Achaia-, concern the period 2005 to 2007. The objective of this article is to verify whether the budgets of the local authorities of the aforementioned Prefecture are trustworthy or not.
Keywords: budgets, outturns, local government
JEL Classification: M41, M49
Suggested Citation: Suggested Citation