Abstract
The study entitled PAC practices and financial performance: Analysis of local administrative entities in Rwanda was about assessing the contribution of PAC in raising the financial standards of local entities in terms of performance. This study considered the objectives of assess the recommendations raised by PAC based OAG observations in study area, monitoring and evaluating the progressive implementation of PAC and OAG recommendations in study area, weighting the indicators of performance in study area, finding out the correlation between the performance of local administrative entities and recommendations raised by PAC based OAG in study area. The researcher used qualitative and quantitative approaches as the study was descriptive. The considered target population were 23 in period of 2015-2018. The universal population was taken as sample size and the data collection instrument which been used were questionnaires where the data were analyzed using SPSS software. Referring to objective one, it is obvious that; in table 1 the researcher sought to know the recommendations raised by PAC basing on OAG observations and how are being implemented; in fact, it was revealed that PAC involves in regular analysis of OAG report as reported by 69.6%% of respondent who agreed to this statement. The second objective revealed that the time of implementation of PAC recommendations based OAG observation and how they are executed; actually, it was revealed that regular time to carry out monthly PFM meeting is planned as strongly reported by 56.5 and agreed by 43.5% of respondents. The third objective revealed that table 3 the indicators of performance among local administrative entities due to implementation of recommendation raised by PAC; actually, it was revealed that the district performed in, Social, health, agriculture, education, infrastructures and other entities as reported by 100% of respondent who agreed to this statement; 65.2% of respondents pointed out that Local administrative entities executed PAC recommendations. This was also supported by R square of 0.787 which implied that the predictor variables (Recommendations raised by PAC and follow up of recommendations) can explain the performance of local administrative entities at 78.7%.
Highlights
Over the years, the Association of Public Accounts Committees (APACs) has played a vital role in capacitating PACs members and support staff so that they could effectively and efficiently perform their oversight and accountability functions [1]
The results shown in table 6 above indicated that the follow up and implementation of recommendations raised by PAC have a significant positive influence on financial performance of local administrative entities
This study was interested on the implication of PAC on performance of local administrative entities in study area, the motivation for this research was that PAC contribute in giving and following up the recommendation about compliance matters, value for money matters and other related local administrative entities evaluation
Summary
Over the years, the Association of Public Accounts Committees (APACs) has played a vital role in capacitating PACs members and support staff so that they could effectively and efficiently perform their oversight and accountability functions [1]. In Africa, the situation is gradually changing for the better. This is primarily due to the requisite skills and knowledge acquired by members of the PACs when performing oversight responsibilities over the executives. The association annually organizes a conference in order to provide delegates with an opportunity to interact, network, share best practices and experiences with regard to oversight and accountability matters [3]. Peter [4] sought to identify possible courses of action to improve outcomes through more effective use of Journal of Finance and Accounting 2019; 7(5): 153-160
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