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Over the past two decades, New Public Management theory, privatization programs and new forms of technology have all had an impact on the way the public sector functions, driven by the increasing demand for higher quality services.
A global desire to promote effective and accountable government and private sector management is now at the forefront of the public service reform agenda, bringing with it a need to devise policies and strategies that help develop integrity, transparency and trust in government public services and businesses.
Furthermore, public and private sector organizations must ensure the development of an effective compliance effort based on strategies of inspection processes and systems, education and reporting.
Compliance with the International Public Sector Accounting Standards (IPSAS), for example, guarantees that the financial reporting of public bodies conveys what is termed a true and fair view of the financial situation. IPSAS take account of the characteristic features of the public sector.
This new faculty reflects the burgeoning theory of an integrated approach to governance and is led by practitioners with experience and direct involvement in accountability and compliance initiatives.