Financial control measures enhancing good governance

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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/]