Tag (SQ): Public Sector Governance

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PSAF – L2 – Q16.4 – Internal Audit Functions

Explain the four functions of internal audit in the public sector.

16.4 FUNCTIONS OF INTERNAL AUDIT

Internal audit effectiveness is at the heart of public sector governance. In recent public financial management reforms, the role of internal audit has been emphasized. Further, the support role of Audit Committees to internal auditors has been emphasized.

Required:

(a) Explain the four functions of internal audit in public sector.

(b) Discuss five advisory roles and responsibilities of Audit Committees.

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PSAF – L2 – Q16.3 – Stakeholder Analysis

Explain stakeholder analysis in the context of public sector governance.

(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.

(c) Explain three tools available for conducting stakeholder analysis in the public sector.

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

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

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.

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

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

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

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

(c) Explain how the presence of elements in question (b) could reduce risk and improve performance in the public sector.

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