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Local Public Financial Management : Public Sector Governance and Accountability - Anwar Shah

Local Public Financial Management

Public Sector Governance and Accountability

By: Anwar Shah (Editor)

Paperback Published: May 2007
ISBN: 9780821369371
Number Of Pages: 288

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Transparent and prudent local financial management has come to be recognized as critical to the integrity of local public sector and to gaining and retaining trust of local residents. Such integrity and trust is sometimes lacking in some local governments in developing countries, especially in the Africa region. This volume attempts to provide practical guidance to local governments interested in establishing sound financial management systems. Leading international experts have contributed to all relevant aspects of local public financial management - cash management, internal controls, accounts, audits, and debt management.

Forewordp. xi
Prefacep. xiii
Acknowledgmentsp. xv
Contributorsp. xvii
Abbreviations and Acronymsp. xxi
Overviewp. 1
Financial Accounting and Reportingp. 7
Traditional Functions of Financial Accounting and Reportingp. 9
Accounting Basesp. 13
Expanding Traditional Functionsp. 19
Financial Reporting Standardsp. 29
Summaryp. 30
Notesp. 31
References and Other Resourcesp. 32
Local Government Cash Managementp. 33
Collectionsp. 34
Funds Concentrationp. 41
Disbursementsp. 45
Banking Relationshipsp. 48
Cash Flow Forecastingp. 50
Investingp. 55
Conclusionp. 65
Notesp. 68
References and Other Resourcesp. 68
Local Government Procurement and Safeguards against Corruptionp. 69
Overview of Public Procurementp. 70
Government Systems and the Potential for Corruption at the Local Levelp. 76
The Procurement Process as a Safeguard against Corruptionp. 79
Ethics and Professionalismp. 97
Conclusionp. 101
Notesp. 103
References and Other Resourcesp. 103
Local Debt Managementp. 109
How Do Local Governments Use Debt?p. 112
When Do Local Governments Use Debt?p. 116
How Do Local Governments Assess Debt Affordability?p. 121
What Forms of Debt Do Local Governments Use?p. 137
How Do Local Governments Issue Debt?p. 143
How Do Local Governments Manage Existing Debt?p. 149
Conclusionp. 151
References and Other Resourcesp. 152
Local Government Internal Controls to Ensure Efficiency and Integrityp. 157
Corruption and Money Launderingp. 157
Objectives and Scope of Internal Controlsp. 159
COSO Framework on Risk Managementp. 165
International Federation of Accountants Standards Applicable to the Private and Public Sectorsp. 171
Institute of Internal Auditors Standards Applicable to the Private and Public Sectorsp. 173
International Organization of Supreme Audit Institutions Identification of Organization Need for Internal Controls in the Public Sectorp. 175
INTOSAI Frameworkp. 178
Public Internal Financial Controlp. 180
Best Practices in Control and Management Systems for European Union Membership (SIGMA Baselines)p. 181
Relevance and Feasibility of Internal Controls for Local Governments in Developing Countriesp. 181
Organizing to Implement Internal Controlsp. 187
Notesp. 190
References and Other Resourcesp. 190
Internal Control and Audit at Local Levelsp. 193
The Need for Improving Accountability in Decentralizationp. 195
Contemporary Internal Controlsp. 198
Internal Audit: A Key Module in Control Systemsp. 204
Conclusionp. 208
Internal Control and Audit in Local Governments across the Worldp. 209
Establishing Effective Internal Control in Local Governmentsp. 212
Starting from Scratch: Building an Audit Unit in Local Governmentp. 216
Basic Elements of Internal Auditp. 218
Importance of Risk Managementp. 221
Notesp. 222
References and Other Resourcesp. 223
External Auditing and Performance Evaluation, with Special Emphasis on Detecting Corruptionp. 227
What Makes Auditing in the Government Area Special?p. 228
The Object of Auditp. 231
The Scope of the Auditp. 232
The Users of Auditsp. 247
The Auditorp. 247
The Auditeep. 249
The Auditp. 250
The Auditor's Reportingp. 253
References and Other Resourcesp. 254
Indexp. 255
Table of Contents provided by Ingram. All Rights Reserved.

ISBN: 9780821369371
ISBN-10: 0821369377
Series: Public Sector Governance and Accountability
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 288
Published: May 2007
Publisher: World Bank Publications
Country of Publication: US
Dimensions (cm): 22.5 x 15.47  x 1.47
Weight (kg): 0.39

Earn 181 Qantas Points
on this Book