Municipal financial management to fight corruption and enhance development : a holistic approach

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Authors

Mantzaris, E.A.

Journal Title

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Volume Title

Publisher

African Consortium of Public Administration

Abstract

This article posits that financial management systems that function well and that have been developed based on collective international and national experience can be an important deterrent to corruption in both the private and public sectors. The various weaknesses identified in the Auditor-General’s and the National Treasury’s recent reports are analysed in relation to municipalities and are examined in a comparative overview which includes research that identifies key elements of financial management essentials. The article identifies and explores various interrelated steps, systems and models that form the basis of solid financial management, as well as the basic elements of the accountability systems and governance arrangements that are meant to act as a shield against corrupt practices. These strategies focus on preventing management fraud and fraudulent financial reporting as key elements to ensure good financial management. The Auditor-General’s 2012 report is used as a recent forensic report on major financial mismanagement in South African municipalities to relate the conceptual and theoretical framework with empirical manifestations of the corruption it aims to combat.

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Keywords

Municipal financial management, Corruption, Development

Sustainable Development Goals

Citation

Mantzaris, E.A. 2014. Municipal financial management to fight corruption and enhance development: a holistic approach. African Journal of Public Affairs, 7(2): 80-92.