Local public financial management / edited by Anwar Shah.

Format:

Book

Government document

Contributor:

Shah, Anwar.

Series:

Public sector governance and accountability series

Language:

English

Subjects (All):

Local finance.

Finance, Public.

Physical Description:

xxii, 263 pages : illustrations ; 23 cm.

Place of Publication:

Washington, D.C. : World Bank, [2007]

Summary:

Transparent and prudent local financial management has come to be recognized as critical to the integrity of local public sector and to gain and retain 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

Contents:

Chapter 1 Financial Accounting and Reporting / Rowan Jones 7

Traditional Functions of Financial Accounting and Reporting 9

Accounting Bases 13

Expanding Traditional Functions 19

Financial Reporting Standards 29

Chapter 2 Local Government Cash Management / M. Corinne Larson 33

Collections 34

Funds Concentration 41

Disbursements 45

Banking Relationships 48

Cash Flow Forecasting 50

Investing 55

Chapter 3 Local Government Procurement and Safeguards against Corruption / Clifford P. McCue, Eric W. Prier 69

Overview of Public Procurement 70

Government Systems and the Potential for Corruption at the Local Level 76

The Procurement Process as a Safeguard against Corruption 79

Ethics and Professionalism 97

Chapter 4 Local Debt Management / Gerald J. Miller, W. Bartley Hildreth 109

How Do Local Governments Use Debt? 112

When Do Local Governments Use Debt? 116

How Do Local Governments Assess Debt Affordability? 121

What Forms of Debt Do Local Governments Use? 137

How Do Local Governments Issue Debt? 143

How Do Local Governments Manage Existing Debt? 149

Chapter 5 Local Government Internal Controls to Ensure Efficiency and Integrity / Jesse Hughes 157

Corruption and Money Laundering 157

Objectives and Scope of Internal Controls 159

COSO Framework on Risk Management 165

International Federation of Accountants Standards Applicable to the Private and Public Sectors 171

Institute of Internal Auditors Standards Applicable to the Private and Public Sectors 173

International Organization of Supreme Audit Institutions Identification of Organization Need for Internal Controls in the Public Sector 175

INTOSAI Framework 178

Public Internal Financial Control 180

Best Practices in Control and Management Systems for European Union Membership (SIGMA Baselines) 181

Relevance and Feasibility of Internal Controls for Local Governments in Developing Countries 181

Organizing to Implement Internal Controls 187

Chapter 6 Internal Control and Audit at Local Levels / Mustafa Baltaci, Serdar Yilmaz 193

The Need for Improving Accountability in Decentralization 195

Contemporary Internal Controls 198

Internal Audit: A Key Module in Control Systems 204

Annex 6A.1 Internal Control and Audit in Local Governments across the World 209

Annex 6A.2 Establishing Effective Internal Control in Local Governments 212

Annex 6A.3 Starting from Scratch: Building an Audit Unit in Local Government 216

Annex 6A.4 Basic Elements of Internal Audit 218

Annex 6A.5 Importance of Risk Management 221

Chapter 7 External Auditing and Performance Evaluation, with Special Emphasis on Detecting Corruption / Aad Bac 227

What Makes Auditing in the Government Area Special? 228

The Object of Audit 231

The Scope of the Audit 232

The Users of Audits 247

The Auditor 247

The Auditee 249

The Audit 250

The Auditor's Reporting 253.

Notes:

Includes bibliographical references and index.

ISBN:

9780821369371

0821369377

0821369385

9780821369388

OCLC:

77116847