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Public Financial Management (PFM) laws in Ghana encompass a framework of regulations and guidelines governing the management of public funds to ensure transparency, accountability, and efficiency in the use of public resources. Key legislation includes the Public Financial Management Act, 2016 (Act 921), which outlines the roles of various institutions, budget preparation processes, and financial reporting requirements. These laws aim to enhance fiscal discipline and promote good governance in the public sector. Additionally, they facilitate oversight by institutions like the Auditor-General and Parliament to ensure compliance and accountability.
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What is public audit?
Public audit is an independent evaluation of the financial statements and operations of government entities and public sector organizations. It aims to ensure transparency, accountability, and compliance with laws and regulations, providing assurance to stakeholders about the proper use of public funds. Public auditors assess the effectiveness and efficiency of programs and may also recommend improvements to enhance governance and fiscal responsibility. The findings are typically reported to the public and relevant authorities to promote trust in public financial management.
What is Auditor-general?
The Auditor-General is an independent official responsible for auditing government accounts and operations to ensure transparency, accountability, and compliance with laws and regulations. This role typically involves examining financial statements, evaluating the efficiency of public spending, and reporting findings to the legislature or public. The Auditor-General plays a crucial role in promoting good governance and enhancing public trust in government financial management.
What do public law disclosures do?
Public disclosure laws allow the public to access to previously secret information. An example of a public disclosure is financial information of those involved in a legal case.
What are the sources and classification of Ghana law?
i want to know the classifications f laws in ghana
What are the rules and regulations in the public services?
Rules and regulations in public services are designed to ensure accountability, transparency, and fairness in the delivery of services to the public. They often include guidelines on ethical conduct, compliance with laws, budgeting and financial management, and performance standards. Additionally, public service regulations may address issues such as equal employment opportunities, data protection, and public safety. Adherence to these rules is essential for maintaining public trust and effective governance.
What is the importance of auditing in the public sector?
Auditing in the public sector is crucial for ensuring transparency, accountability, and efficient use of public resources. It helps to identify financial irregularities, assess compliance with laws and regulations, and improve overall governance. By providing independent assessments, audits build public trust and confidence in government operations, ultimately enhancing the effectiveness of public service delivery. Furthermore, they support informed decision-making by stakeholders and facilitate better management of public funds.
What are the workmen's compensation laws in Ghana?
history of workmen compensation
What are role and functions of the Auditor-General in Nigeria?
The Auditor-General in Nigeria plays a crucial role in ensuring accountability and transparency in the management of public funds. This office is responsible for auditing the accounts of government ministries, departments, and agencies to assess their financial integrity and compliance with relevant laws. Additionally, the Auditor-General provides reports to the National Assembly, highlighting any discrepancies or inefficiencies, and makes recommendations for improving financial management practices. Ultimately, the Auditor-General helps safeguard public resources and enhance the trust of citizens in government operations.
Issues and problems in Philippine public administration?
Philippine governance is actually public administration in action. If you mean Public Administration as a university course of study, several colleges and universities in the Philippines offer a Bachelor degree in Public Administration, a Masters degree in Public Administration, or a Masters degree of Management in Public Management.
What are the key applications of INTERAC software, in the context of public accounting?
INTERAC offers several applications relevant to public accounting, including: Financial Management: Public accounting firms can utilize INTERAC to manage their own financial accounts and budgets efficiently. This includes tracking expenses, income, and financial reporting. Client Accounting Services: INTERAC allows public accountants to provide client services such as bookkeeping, financial analysis, and financial reporting, thereby enhancing client relationships and offering added value. Taxation Services: With tax-specific features, INTERAC can streamline the preparation and filing of tax returns for clients, ensuring accuracy and compliance with tax laws. Audit and Assurance: The suite can be used for audit and assurance services, including data analysis, financial statement preparation, and compliance checks. Business Analytics: INTERAC's analytical tools help public accountants gain insights into their clients' financial data, enabling more informed decision-making and advisory services.
What are the sources of law in Ghana 1992 constitution discuss?
Ghana should have a reliable source of our laws. They should be made available to the common Ghanaian.
Why is public administration not interchangeable with business management?
A. in terms of management perspective, Public administration focuses on government management while whereas business management focuses on the management of corporate organizations and on the general management of private sector companies B. in term of service operations, Public administration is dedicated to provide services to all Public/ political communities (government, non-‐government and private Organizations). Business management on the other hand, renders duties for private market forces. c. In terms of goals and evaluation criteria, Public administration is concerned with providing services that may not all the time produce Profit. On the other hand, the bottom line for Business management is profitability, market performance and survival. D. In terms of structure and commitment of workers, public administrators are less motivated for personal and economic gains while, business managers have stronger personal and economic interest (Boyne, 2002, p. 112) E. In terms of management flexibility, public administration has a narrow range of choices because of strict administrative laws which public administrators cannot violate. In business management, decisions can be easily carried out by the members of the board (usually through voting) F. in terms of financial operations, public management always look for resources and governments cannot declared bankruptcy while business management will be force to close if it's financially ruined. LISE PAUL ABITONA
