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Importance of accountability Accountability is the obligation to give answers and explanations concerning one’s action to those with a right to require, or those with a reasonable expectation of receiving such answers and explanations. Financial Accountability in the Public Sector basically means ...

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The Constitutional and regulatory framework of public sector accounting in Nigeria is what will be covered in this guide of public sector accounting. You’ll also learn about the Finance (Control and Management) Act 1958, the Fiscal Responsibility ...

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DEFINITION OF PUBLIC SECTOR ACCOUNTING In light of the nature of public sector accounting, an attempt is made to define the term. Among the things that come to mind are: Public Sector Accounting is an information system that measures financial information (transactions) ...