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Governance in the Public Sector

IFAC August 2001 Study 13 Public Sector Committee Governance in the Public Sector : A Governing Body Perspective International Public Sector Study Issued by The International Federation of Accountants International Federation of Accountants 535 Fifth Avenue, 26th Floor New York, New York 10017 United States of America Copyright August 2001 International Federation of Accountants (IFAC). All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the International Federation of Accountants.

governance matters, in the sense that there is a strong causal relationship from good governance to better development outcomes such as higher per capita incomes, lower infant mortality and higher literacy”.2.004 Comments such as these serve to highlight the importance of good governance. In virtually all jurisdictions

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