PA 600 Key Financial Policies Discussions

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PA 600 Key Financial Policies Budgeting Discussions Week 4
Should you budget short-Within government and state-owned enterprises around the world…

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PA 600 Key Financial Policies Discussions

PA 600 Key Financial Policies Discussions

Week 4 All Students Posts – 97 Pages

What are some key financial policies that your organization does (or should) have in place? Why are they important?  Why has it become so important for public sector organizations to worry about financial policies?

Within government and state-owned enterprises around the world, fraud seems to be more of an internal than an external phenomenon. This internal threat is significantly higher in the public sector than in most other sectors. Financial difficulties force organizations to reduce costs and explore possible efficiencies. Any resulting staff reductions can lead to reduced segregation of duties and less monitoring of suspicious transactions and activities. This in turn weakens the internal control environment and can produce more opportunities for staff to commit fraud. Do you believe that the Financial Reporting and Audit Task Force also play a role in this area?…