The Effects of Performance Audits on School District Financial Behavior

Author:

Thompson Paul N.1ORCID,St. John Mark2

Affiliation:

1. Department of Economics, School of Public Policy, Oregon State University, Corvallis, OR, USA

2. Oregon State University, Corvallis, OR, USA

Abstract

Performance audits are a form of weak financial oversight intended to curb inefficient spending and help alleviate financial problems. This study examines the effect of these performance audits on school district finances in Ohio, where performance audits are used on their own and within the context of the state’s fiscal stress labeling system—a strong financial oversight system. Using a difference-in-differences analysis, we find school districts do reduce expenditures as a result of these performance audits. These changes in financial behavior are found even for performance audits in nonfiscal stress districts, suggesting that weak oversight programs may be an effective means toward changing fiscal behavior. Despite the financial changes in nonfiscal stress districts that receive audits, there appears to be little impact on school district proficiency rates. These results suggest that audits may provide a useful mechanism for changing financial behavior of school districts without much associated efficiency losses.

Publisher

SAGE Publications

Subject

Public Administration,Economics and Econometrics,Finance

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