IFAC INTERNATIONAL FRAMEWORK: GOOD GOVERNANCE IN THE PUBLIC SECTOR

IFAC (International Federation of Accountants) and CIPFA (The Chartered Institute of Public Finance & Accountancy) issued International Framework for Good Governance in the Public Sector.

Publikováno: 07.8.2015

Autor: Lukáš Wagenknecht

Téma: Články, komentáře a prohlášení Události Vnitřní řídící a kontrolní systém ve veřejné správě

IFAC (International Federation of Accountants) and CIPFA (The Chartered Institute of Public Finance & Accountancy) issued International Framework for Good Governance in the Public Sector.

 „The aim of the Framework is to promote the development of robust governance in public sector entities by establishing a benchmark for good governance. Public sector entities worldwide do not operate within a common legislative framework, nor do they have standard organizational structures, shapes, or sizes. In developing the Framework, it was recognized that it must address this diversity, as well as the different models of governance that apply in different jurisdictions and in different

sectors, each of which has unique features requiring special attention and imposing different sets of responsibilities and accountabilities. The Framework does this by setting out principles for good governance in public sector entities, rather than prescriptive requirements.

 Governance comprises the arrangements put in place to ensure that the intended outcomes for stakeholders are defined and achieved. The fundamental function of good governance in the public sector is to ensure that entities achieve their intended outcomes while acting in the public interest at all times. Acting in the public interest requires:

  • Behaving with integrity, demonstrating strong commitment to ethical values, and respecting the rule of law.
  • Ensuring openness and comprehensive stakeholder engagement.

 In addition to the overarching requirements for acting in the public interest in above mentioned principles, achieving good governance in the public sector also requires effective arrangements for:

  • Defining outcomes in terms of sustainable economic, social, and environmental benefits.
  • Determining the interventions necessary to optimize the achievement of the intended outcomes.
  • Developing the entity’s capacity, including the capability of its leadership and the individuals within it.
  • Managing risks and performance through robust internal control and strong public financial management.
  • Implementing good practices in transparency, reporting, and audit, to deliver effective accountability.“

 

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