Risk Management Practices to Strengthen Public Sector Accountability

Rasid, Siti Zaleha Abdul; Bakar, Bebe Abu; Rizal, Adriana Mohd; Baskaran, Shathees

doi:10.22452/ajba.vol12no1.1

Cited by 5 publications

(4 citation statements)

References 76 publications

(137 reference statements)

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“…The public sector has recently faced various complex and challenging events, and adequate processes are required to ensure that the perceived public value is maintained at certain levels" (Ahmeti & Vladi, 2017). Therefore, the ERM practices in the Public Sector are intended to enhance governance, specifically to respond to stakeholders' demand for improved control of public resources and to focus on exploring risks existing in the government's contractual affiliation" (Bakar et al, 2019).…”

Section: Enterprise Risk Management In the Public Sectormentioning

confidence: 99%

Implementation of Enterprise Risk Management: A Case Study of a Public Sector Entity in the Northern Cape, South Africa

Moses,

Obioha

2024

PJGD

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Since the advent of South Africa's democracy in 1994, there has been an increasing demand by stakeholders for several public services due to a variation of complex and challenging events that have taken place and reported both in social and academic circles. In the context of the Northern Cape, there has been a continued increase in unemployment and poor service delivery coupled with an inability of the Department of Economic Development and Tourism (DEDaT) to achieve clean audit reports from the Auditor-General of South Africa (AGSA). This development raises questions about the implementation of ERM processes. Thus, this study aimed to assess the implementation of ERM processes using DEDaT as a case study. The study sought to determine the ERM systems currently deployed and the extent to which the ERM components are utilized by DEDaT. Data was gathered through in-depth interviews using a qualitative approach. A sample of eighteen participants who are ERM role players at DEDaT described their knowledge and experiences on the implementation of ERM systems and how the components are applied. From the findings, two main themes, namely, ‘ERM systems deployed at DEDaT’ and ‘perceptions on ERM components that are utilized,' emerged with related subthemes. The study revealed that DEDaT has ERM systems in place, however there were gaps in key areas that need improvement to enhance the ERM instrument. Furthermore, the research found that a set of eight components were utilized to implement the ERM process. The study suggested recommendations to management for further research and policy direction on implementing ERM in the public sector.

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Section: Enterprise Risk Management In the Public Sectormentioning

confidence: 99%

Implementation of Enterprise Risk Management: A Case Study of a Public Sector Entity in the Northern Cape, South Africa

Moses,

Obioha

2024

PJGD

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“…This is where a holistic risk management approach becomes important as a form of explanation and justification for the actions taken by the PSO (Rasid et al, 2014). Therefore, several RM studies in the public sector are aimed at improving governance, particularly in responding to stakeholder demands for better control of public resources and focusing on exploring the risks involved in government contractual relationships (Andreeva et al, 2014;Bakar et al, 2019;Schäfer et al, 2022), as in a Public-Private Partnership (PPP) project (Sarvari et al, 2019).…”

Section: Literature Reviewmentioning

confidence: 99%

“…Strategists recognize that organizational disaster can occur if risks are not handled appropriately (Baird & Thomas, 1985), and strategic decisions are generally the site of these problems because these decisions involve uncertain outcomes and are critical to the longterm survival of the organization (Mintzberg et al, 1976). Therefore, public managers need to equip themselves with the ability to identify and manage risks and opportunities to ensure accountability for the management of organizational resources (Bakar et al, 2019).…”

Section: Unraveling the Logic Behind Risk Ignorancementioning

confidence: 99%

Risk Management: The Awareness of Public Managers on Risk as a Social Construction

Damayanti¹,

Syarifuddin²,

Zalshabila³

2023

J. Professional Business Review

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Purpose: The aim of this study is to assess the risk awareness and appetite of public managers at each level, as well as the factors that support risk awareness. Risk awareness in Public Sector Organizations is critical as they face a growing set of uncertainties, far beyond the risks associated with financial performance. Theoretical framework: The theoretical aspect of this study was covered by previous studies published in international journals related to risk management. Design/methodology/approach: This article uses the case study method as a technique to collect and analyze data, aiming to understand how managers deal with risk in decision-making at various managerial levels. Findings: The findings of the study revealed a deficiency in risk awareness among public managers, which can be attributed to the failure of top-level managers to take action in implementing risk policies. Additionally, middle and lower-level managers appear to be trapped within the inflexible system established by top managers when responding to risks. Furthermore, public managers tend to address risks only after they have already had an impact. Research, Practical & Social implications: The study's importance to the accounting literature is to provide an overview of the social construction of risk awareness of public managers at every level related to their experience facing risk issues on strategic and operational issues. Originality/value: This study represents the initial endeavor to analyze risk awareness among managers at various levels in the public sector.

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“…Most of the time, public institutions have to deal as well with many risks which practically are the responsibility of the private sector, but they are just not well equipped or willing to do so (Braig and Sellgren 2011) The public sector perceives risk management as a good governance mechanism to achieve organizational objectives (Collier and Woods 2011). Risk management studies in the public sector aim to enhance governance, specifically to respond to stakeholders' demand for better control of public resources and to focus on exploring risks existing in the Government's contractual relationship (Bakar et al 2019). Risk management offers considerable potential to public managers; managing risk in the public sector involves complexities that private managers do not face, at least not to the same extent.…”

Section: Introductionmentioning

confidence: 99%

Dilemmatic Challenges of Budgeting for Poverty in Local Government in Indonesia

Maulana,

Wijayanti

2023

ijat

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This study aims to identify risk conditions in budgeting inhibiting Local Government when ensuring pro-poor budgeting each year. Qualitative was used in this study, and Semi-structured interviews were conducted with senior managers and local government staff involved with managing pro-poor budgeting. The main findings, first, is the dilemma in determining budgeting priorities in the region, then at the end of the budgeting process in the budget battle that is raised in the expectations. The emerging political risks evolve from maximizing interests by realizing political promises as a form of moral accountability

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Risk Management Practices to Strengthen Public Sector Accountability

Cited by 5 publications

References 76 publications

Implementation of Enterprise Risk Management: A Case Study of a Public Sector Entity in the Northern Cape, South Africa

Implementation of Enterprise Risk Management: A Case Study of a Public Sector Entity in the Northern Cape, South Africa

Risk Management: The Awareness of Public Managers on Risk as a Social Construction

Dilemmatic Challenges of Budgeting for Poverty in Local Government in Indonesia

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