Management Finance - Part 1

In public administration, financial accountability is best understood as:

Type: MCQ • Marks: 1
In public administration, financial accountability is best understood as:
Options
A. Merely maintaining books of accounts
B. Delegating all financial decisions
C. Maximising departmental expenditure
D. Responsibility for ensuring that public funds are collected, authorised, spent and reported in accordance with law and objectives
Explanation
Financial accountability combines legality, regularity, transparency, reporting and responsible use of public resources.
UPSC Principal & Vice Principal Management Finance Administration

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