Accountability – Knowsia

PSAF – L2 – Q16.3 – Stakeholder Analysis

Explain stakeholder analysis in the context of public sector governance.

Question

(a) Explain stakeholder analysis in relation to public sector governance.

(b) Identify four primary stakeholders of the hospital and discuss their expectations about the hospital.

Answer

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Tags: Accountability, Public Hospital, Public Sector Governance, Stakeholder Analysis
Level: Level 2

Topic: Public expenditure and financial accountability framework

PSAF – L2 – Q16.2- Public Expenditure and Financial Accountability

Discuss five ways public sector governance differs from private sector governance.

Question

At a recent conference of public sector governance where private sector governance is compared to that of the public sector, the speaker stresses “Public sector governance is different”.

Required:

(a) Discuss the statement of the speaker of the conference, pointing out five ways by which public sector governance is different.

(b) Discuss five benefits of engaging the stakeholders in public sector governance.

Answer

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Tags: Accountability, decision making, Private Sector Governance, Public Sector Governance, Risk Management, Transparency
Level: Level 2

Topic: Public expenditure and financial accountability framework

PSAF – L2 – Q16.1- Public Expenditure and Financial Accountability

Explain governance in the context of public sector management and accountability.

Question

(a) Explain governance in relation to the public sector.

(b) Discuss four elements of good governance in the public sector.

Answer

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Tags: Accountability, Good Governance, Public Sector Governance, Rule of Law, Transparency
Level: Level 2

Topic: Public expenditure and financial accountability framework

PSAF – L2 – Q15.4 – Public Financial Management Audit

Discuss four responsibilities of the Internal Audit Agency and Audit Service in public financial management.

Question

(a) Internal audit and external audit functions are critical to ensuring effective management of public resources. While the two functions lie in two separate organizations, both can co-operate and co-ordinate their functions in a manner that will promote value for money in the auditing space.

Required:

(a) Discuss four responsibilities of the:

(i) Internal Audit Agency; and

(ii) Audit Service.

(b) Explain four ways that the two institutions in question (a) can co-operate to ensure effective audit in the public sector.

Answer

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Tags: Accountability, Audit Coordination, Audit Service, External Audit, Governance, Internal Audit, Internal Audit Agency, Public Financial Management
Level: Level 2

Topic: The context of public financial management

PSAF – L2 – Q15.3 – Public Expenditure and Financial Accountability Framework

Discuss five functions of the Internal Audit Agency in public financial management.

Question

(a) A missing link in public financial management is the lack or weak internal audit function in covered entities. In 2003, the Internal Audit Agency was established to provide oversight on internal audit in the public sector.

(b) Suggest five practical strategies that the Internal Audit Agency can use in promoting effective internal audit in the public sector.

Answer

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Tags: Accountability, Governance, Internal Audit, Oversight, Public Financial Management
Level: Level 2

Topic: Public expenditure and financial accountability framework

FM – L2 – Q129 – Public Procurement Oversight

Discuss the role, functions, and funding of the National Procurement Agency in Zamunda's public procurement system.

Question

129 PUBLIC PROCUREMENT AGENCY

National Procurement Agency provides an oversight of procurement throughout the entire public sector.

(a) Explain the objective of establishing the National Procurement Agency in the Public Procurement system.

(b) Explain FIVE functions of the National Procurement Agency.

Answer

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Tags: Accountability, Funding, Oversight, Procurement Authority, Public Procurement, Transparency
Level: Level 2

Topic: Treasury Management

FM – L2 – Q126 – Internal Control System

Discuss objectives of internal control system and explain COSO framework components in relation to PEFA.

Question

(a)

The PEFA assessment of a PFM system considers internal control system of the country, as the internal control system plays a vital role across every pillar in addressing risks and providing reasonable assurance that operations are carried out in orderly and open manner.

Required:

(i) Explain the objectives of an effective internal control system.

(ii) With reference to the COSO framework, explain the components of internal control system in relation to the PEFA framework.

Answer

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Tags: Accountability, Control Environment, COSO Framework, Internal Control, PEFA framework, Public Financial Management, Risk Management
Level: Level 2

Topic: Treasury Management

PSAF – L2 – Q14.4 – Sustainability Reporting Principles

Discuss four principles for implementing sustainability reporting in a public tertiary hospital.

Question

A public tertiary hospital, St. Mary’s Hospital, is considering implementing sustainability reporting from the next financial year, arguing that such reports are fundamental to health and sustainable development. However, the management is not clear about what it entails and its implications for the hospital.

Required:

In a memorandum to the Chief Executive of St. Mary’s Hospital:

(a) Discuss four general principal considerations in implementing sustainability reporting in the hospital.

(b) Conduct a needs assessment of the hospital in relation to the implementation of sustainability reporting.

Answer

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Tags: Accountability, ESG, Hospital, Principles, Public Sector, Stakeholder Engagement, Sustainability Reporting, Transparency
Level: Level 2

Topic: General purpose financial reporting framework

PSAF – L2 – Q14.2- Sustainability Reporting Principles

Discuss five general principles of sustainability reporting in the public sector.

Question

(a) Discuss five general principles of sustainability reporting in the public sector.

(b) Explain four potential challenges of implementing sustainability reporting in the public sector.

Answer

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Tags: Accountability, Integration, Materiality, Public Sector, Stakeholder Engagement, Sustainability Reporting, Transparency
Level: Level 2

Topic: The context of public financial management

PSAF – L2 – Q13.2 – Financial Statements Discussion and Analysis

Explain the relevance of financial statement discussion and analysis for a public healthcare facility.

Question

The management of a Central Healthcare Facility demands that the Director of Finance should ensure that the financial statements of the entity are laid before the oversight board together with financial statement discussion and analysis. However, some members of the board question the relevance of the request.

Required:
(a) As the Director of Finance, explain the relevance of the request to the healthcare facility.

(b) Discuss the five limitations of financial statement discussion and analysis.

Answer

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Tags: Accountability, Budgetary Control, Financial Reporting, Public Sector, RPG 2, Transparency
Level: Level 2

Topic: Financial Statements Discussion and Analysis

Tag (SQ): Accountability

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PSAF – L2 – Q16.3 – Stakeholder Analysis

Explain stakeholder analysis in the context of public sector governance.

PSAF – L2 – Q16.2- Public Expenditure and Financial Accountability

Discuss five ways public sector governance differs from private sector governance.

PSAF – L2 – Q16.1- Public Expenditure and Financial Accountability

Explain governance in the context of public sector management and accountability.

PSAF – L2 – Q15.4 – Public Financial Management Audit

Discuss four responsibilities of the Internal Audit Agency and Audit Service in public financial management.

PSAF – L2 – Q15.3 – Public Expenditure and Financial Accountability Framework

Discuss five functions of the Internal Audit Agency in public financial management.

FM – L2 – Q129 – Public Procurement Oversight

Discuss the role, functions, and funding of the National Procurement Agency in Zamunda's public procurement system.

FM – L2 – Q126 – Internal Control System

Discuss objectives of internal control system and explain COSO framework components in relation to PEFA.

PSAF – L2 – Q14.4 – Sustainability Reporting Principles

Discuss four principles for implementing sustainability reporting in a public tertiary hospital.

PSAF – L2 – Q14.2- Sustainability Reporting Principles

Discuss five general principles of sustainability reporting in the public sector.

PSAF – L2 – Q13.2 – Financial Statements Discussion and Analysis

Explain the relevance of financial statement discussion and analysis for a public healthcare facility.

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PSAF – L2 – Q16.3 – Stakeholder Analysis

Explain stakeholder analysis in the context of public sector governance.

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PSAF – L2 – Q16.2- Public Expenditure and Financial Accountability

Discuss five ways public sector governance differs from private sector governance.

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PSAF – L2 – Q16.1- Public Expenditure and Financial Accountability

Explain governance in the context of public sector management and accountability.

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PSAF – L2 – Q15.4 – Public Financial Management Audit

Discuss four responsibilities of the Internal Audit Agency and Audit Service in public financial management.

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PSAF – L2 – Q15.3 – Public Expenditure and Financial Accountability Framework

Discuss five functions of the Internal Audit Agency in public financial management.

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FM – L2 – Q129 – Public Procurement Oversight

Discuss the role, functions, and funding of the National Procurement Agency in Zamunda's public procurement system.

You're reporting an error for "FM – L2 – Q129 – Public Procurement Oversight"

FM – L2 – Q126 – Internal Control System

Discuss objectives of internal control system and explain COSO framework components in relation to PEFA.

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PSAF – L2 – Q14.4 – Sustainability Reporting Principles

Discuss four principles for implementing sustainability reporting in a public tertiary hospital.

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PSAF – L2 – Q14.2- Sustainability Reporting Principles

Discuss five general principles of sustainability reporting in the public sector.

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PSAF – L2 – Q13.2 – Financial Statements Discussion and Analysis

Explain the relevance of financial statement discussion and analysis for a public healthcare facility.

You're reporting an error for "PSAF – L2 – Q13.2 – Financial Statements Discussion and Analysis"

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