- 10 Marks
PSAF – Nov 2024 – L2 – Q3b – Public Expenditure and Financial Accountability (PEFA) Assessment
Evaluate the financial performance of a local government based on PEFA assessment results and recommend strategies for improvement.
Question
Accounting and reporting constitute a key pillar of an organised and transparent public financial management system in the public sector. The effectiveness of accounting and reporting reflects the integrity of financial data, the accuracy of in-year budget reports, and the quality of annual financial statements. In a recent Public Expenditure and Financial Accountability (PEFA) assessment, a local government had the following results:
- Annual financial reporting: D
- In-year budget report: D+
- Financial data integrity: C
Required:
i) Explain the assessment performance to the Municipal Chief Executive of the local government.
ii) Recommend two strategies for improving the performance of the local government in each of the assessed areas.
Find Related Questions by Tags, levels, etc.
- Tags: Budget Reporting, Data Integrity, EFA, financial assessment, Financial Reporting, Local Government
- Level: Level 2
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