What are the key values in the Fiscal Procedures & Financial Accountability Act?

The key values in the Fiscal Procedures & Financial Accountability Act (FPFAA) focus on transparency, accountability, and responsible financial management. The act emphasizes the importance of open and transparent fiscal procedures to ensure that public funds are used efficiently and effectively. It promotes accountability by requiring regular reporting and financial audits to ensure that public officials are held responsible for their financial decisions. Additionally, the act emphasizes responsible financial management by establishing guidelines for budgeting, procurement, and financial planning, aiming to achieve the best possible outcomes for the public. These key values underpin the FPFAA and help foster trust and confidence in government financial practices.

This mind map was published on 26 November 2023 and has been viewed 93 times.