Financial control measures enhancing good governance
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Date
Authors
Fourie, D.J. (David Johannes)
Journal Title
Journal ISSN
Volume Title
Publisher
South African Association for Public Administration and Management
Abstract
Sound public financial management supports aggregate control, prioritisation,
accountability, the efficient management of public resources and the
delivery of services. Good governance depends on accountability since
accountability is one of the prerequisites of democracy. One of the key elements
of good governance is a sound system of internal financial control. This control
system incorporates rules, procedures and practices through clearly stated policies.
The absence of a clearly defined system of financial control could lead institutional
corruption, theft and fraud.
Description
Keywords
Governance, Public financial management (PFM), Internal control systems, Strategic planning, Budgeting, Risk management, Leadership, Commitment
Sustainable Development Goals
Citation
Fourie, D 2007, 'Financial control measures enhancing good governance', Journal of Public Administration, vol. 42, no. 7, pp. 733-743. [http://www.saapam.co.za/]