Financial Management Maturity Model: A Good Practice …

Comptroller and Auditor General Special Report Financial Management Maturity model : A Good Practice guide Report number 101 June 2018 2 Financial Management Maturity model : A Good Practice guide Report of the Comptroller and Auditor General Financial Management Maturity model : A Good Practice guide Effective Financial Management is important for all State bodies to achieve value for money, to support sound decision making, to facilitate accountability, to improve planning, to manage risks, and to devise and achieve strategies. A review of the capacity, or Maturity , of Financial Management in any organisation is aided by the use of a framework or model against which to assess the practices of the organisation.

A Good Practice Guide Effective financial management is important for all State bodies to achieve value for money, to support sound decision making, to facilitate accountability, to improve planning, to manage risks, and to devise and achieve strategies. A review of the capacity, or maturity, of financial

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