Tag (SQ): Transparency

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BCL – L1 – SA – Q16 – Governance and Ethical Issues

Describes how companies show ethical behaviour.

How can a company demonstrate ethical behaviour?

A   Adhering to legal requirements

B   Being transparent and accountable

C   Maximizing profits at any cost

D   Ignoring employee well-being

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BCL – L1 – Q111 – Governance and ethical issues relating to business

Explain four key functions of an audit committee in corporate governance.

Explain FOUR (4) functions of an audit committee of the Board.

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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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FM – L2 – Q132 – Public Procurement

Advising on commercial procurement for an autonomous agency and discussing tendering procedures for silo construction.

An autonomous agency of government intends to construct new silos for storage of farm produce. The agency was set up by an Act of Parliament in 2017 and is responsible for ensuring food security in the country. The Head of Entity is of the view that the entity should apply commercial procurement practices since their objects are critical to national security.

(a) Advise the Head of Entity on the decision to use commercial procurement practices.

(b) Discuss the tendering procedures in the procurement of contractors for the construction of the silos.

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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.

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.

(c) Explain how the activities of the National Procurement Agency are funded.

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FM – L2 – Q125 – Public Financial Management

Discuss benefits of PEFA reports and methodology for measuring PFM performance in Zamara.

(a) PEFA reports on countries’ PFM performance has gained prominence in Zamara in recent times. This is largely attributed to the robustness of its scoring methodology, the wide coverage of their measurements and factors considered in drawing conclusion of the status of a PFM system.

(i) Discuss the benefits of PEFA reports in promoting open and orderly PFM systems across the world.

(ii) Explain the methodology of PEFA in measuring PFM performance.

(b) A country performance of PFM dimensions are as follows:

(i) For the legislation scrutiny and audit indicator, a score of A, A and D were obtained on three dimensions. This indicator is measured using Method 1 (Weakest Link).

(ii) Budget preparation process as an indicator of PFM performance was measured using three dimensions and the scores obtained are B, C, D. This indicator is measured using method 2 (Average Method).

Required:
Compute the score of each indicator in (i) and (ii) for the country and interpret your result.

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FM – L2 – Q124 – Public Financial Management

Discuss three outcomes and seven pillars of an open and orderly PFM system per PEFA framework.

(a) Governments have been encouraged to invest in building strong public financial management. The Public Expenditure and Financial Accountability (PEFA) framework has been developed to assess the public financial management systems of countries with the aim of helping them to improve their public financial management system.

Required:

(i) With reference to the PEFA, discuss the THREE outcomes that a country derives from establishing an open and orderly public financial management system.

(ii) Explain the seven pillars of an open and orderly public financial management system.

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PSAF – L2 – Q14.4 – Sustainability Reporting Principles

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

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.

(c) Point out three implementation challenges of sustainability reporting in the hospital.

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PSAF – L2 – Q14.2- Sustainability Reporting Principles

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

(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.

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