300 years of government auditing in Germany!

October 10th, 2014

FindYourStampsValue.com is glad to inform that German Post issued a stamp to mark the 300 years of government auditing in Germany. The stamp was released on the 2d of October and is now available for purchasing.

In the year 2014, the Bundesrechnungshof celebrates the 300th anniversary of the foundation of the Prussian General Chamber of Accounts. There is a direct historical link between this Chamber, which was renamed several times throughout the existence of the Kingdom of Prussia as well as during the German Reich, and the establishment of the Bundesrechnungshof in 1950. For 300 years now, government auditing in Germany has been firmly committed to ensuring the economical use of public funds.

Originally set up by the absolute monarchy as an instrument to control territorial administration, government auditing has become an indispensable institution in parliamentary democracy. Although the audit criteria of regularity and performance as well as professional principles such as independence, impartiality and objectivity have evolved continuously, they have lost none of their importance until today.

Tags: #Germany