ENHANCEMENT OF PUBLIC ACCOUNTABILITY FINANCIAL REPORT OF THE PUBLIC AREA - REALITY AND RECOMMENDATIONS

Abstract

The reform of the public accounting system towards financial transparency and the enhancement of public accountability is an inevitable trend of most countries in the process of economic integration, in Vietnam, after 10 years in implementation of the public financial management reform project, the Vietnam public sector has also achieved significant achievements in financial management, especially public sector accounting information, which has been increasingly publicized, more transparent, people's confidence in the State as well as State agencies is strengthened. However, it is undeniable that Vietnam's public accounting system is still limited, inadequate, information provided by the public accounting system has not improved the accountability of State agencies, and the violations in State budget management still exist. Enhancement ofpublic accountability of Vietnam State agencies is not only an urgent requirement from the national situation to effectively manage and use budget resources but also the requirements of economic relations through the integration process. Therefore, this article mainly explores in depth the factors affecting the accountability of financial reporting of the units public sector in Vietnam, thereby measuring the impact of factors, proposing appropriate solutions and policies to promote the accountability of public agencies in State budget management.