Public sector accounting

Corruption and anti-corruption measures in public sector accounting

Public-sector accounting is one element within the broader process of public financial management (PFM). Accounting means managing the government’s financial transactions, assets, and records, and producing and disseminating timely and accurate information to meet decision-making, management, and reporting needs. Weaknesses in accounting procedures will make strategic, transparent, and accountable decisions on the allocation of public resources difficult. Weaknesses can open up for corruption, embezzlement, and mismanagement of public resources. Good accounting procedures are a question of both technical skills and political will.

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