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 that those who are charged with carrying out public policies using public resources should be obliged to give an explanation of their action to their electorate; who may be a composite of interest groups of individuals as well as institutions.
Reasons for Accountability
Financial accountability is necessary because the financial resources used by the Executive in the Public Sector organizations are either collected from citizens or contracted on their behalf by the Executive.
there are also a number of public accountability important that we will also cover in this guide
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This creates an accountability relationship with the government being responsible to account for the use of these revenues. It requires Governments to answers to the citizenry to justify the raising of public resources and the purpose for which they are used.
This point is emphasized by Aristotle when he said “to protect the Treasury from being defrauded, let all public money be issued openly in front of the whole city, and let copies of the accounts be deposited in the various wards”. The implication of this is the need for transparency and financial accountability in the use of public finances.
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Such accountability can be ensured through the institution of proper government accounting systems to ensure proper accountability of all manner of public financial resources.
Mechanisms for Ensuring Public Accountability
Making information available to stakeholders;
• Organizational Structure
Defines clearly the authority and responsibilities of individual officeholders;
Provision of financial, administrative, and other relevant- entity reports to
government and other stakeholders;
Making information available at no or no cost openness to stakeholders
Adherence to law and regulations that are clear and known in advance,
uniformity and effectively enforced
Importance of Accountability
Here provide you with the reasons why is accountability important in the public sector and you ae will be able to also:
State and explain five importance of public accountability
Accountability forms the cornerstone of public service.Its importance is as follows:
1. Ethical compliance:
It ensures that requisite ethical standards are followed.
2. Optimum Utilization of resources:
It ensures that resources are optimally utilized – greater good for greatest number – utilitarian principle is followed
Accountability helps in showcasing the transparency of the actions of the individual/organisation for the public.
How accountability can be fixed in public service?
1.Checks and balances:
Procedures to be followed should have appropriate checks and balances to ensure that there is accountability. Timely and rigorous audit can help in achieving it.
2. Reducing discretion
System should be made more objective by minimizing the discretionary power of individuals.
3.Rewarding ethical and punishing unethical
Ethical public servants should be rewarded while non- ethical ones should be penalized.
As the quote ” Justice should not only be done, it should be seen to be done”. Accountability becomes the vehicle by which the public service can earn and retrieve the faith of the public in it.