The Impact Of Federalism On Accountability And

The Impact of Federalism on Accountability and

Using business intelligence and real-time monitoring tools to increase cross-collaboration and information-sharing Share Contact Us Challenge Many federal agencies operate within antiquated technology environments that challenge the ability to share information and work efficiently across large and dispersed organizations.

This impacts the level of transparency and accountability agencies strive to achieve. Guidehouse supports our clients in implementing business intelligence and real-time monitoring tools to increase cross-collaboration and information-sharing.

The decentralized process led to a lack of transparency around budget formulation and required a considerable amount of time to input the information into standard reporting formats. Since a central repository for budget formulation did not exist, leadership was unable to gather metrics and, therefore, was unable to track the performance of the regional offices.

Solution The Guidehouse team engaged with the Agency's financial mangers and stakeholders to conceptualize and define business requirements for a new budget formulation and execution tool that encapsulated the logic associated with the processes and provided a user-friendly interface. The tool receives inputs from existing systems and applies rule-based logic to each business category, allowing users to create future spend plans, formulate the current year operational budget forecast, and track variances from previous years.

The centralized platform increased transparency around the process, and the ability to export metrics data has increased the level of accountability.

Guidehouse leveraged our comprehensive suite of solutions to help the organization streamline and optimize business processes to increase transparency and accountability. About the Experts.]

The Impact of Federalism on Accountability and Video

The Impact of Federalism on Accountability and.

You the: The Impact of Federalism on Accountability and

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The Impact of Federalism on Accountability and - share

Report from office of statistics Lagos show that our accounting records are balanced in arrears and our financial records are hardly balanced daily, weekly, quarterly, half-yearly and yearly basis as appropriate. This was evidenced by Chief Olusegun Obasanjo during his first maiden address to the nation immediately he was sworn-in as the President of the federal republic of Nigeria on the 29th day of May He stressed that accountability, probity and transparency has suffered a lot set-back especially in the civil service. He therefore suggested that some of the best ways to eliminate this ill in the Nigerian public service are; The effective use of public accounts; The use of effective legislation; The effective implementation of government policies and programmes; The effective use of auditors of the federal republic of Nigeria among others. The concept should therefore make it wise for us to look more closely at the relationship between Nigeria and other countries of the world. And for Nigeria to be recognized as a corrupt-free economy, the accounting profession must be in a position to balance the financial records of the federal government daily, weekly, monthly, quarterly, half yearly or yearly basis.

2022-05-27

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The Impact of Federalism on Accountability and

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