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FINANCIAL ACCOUNTABILITY OF STATUTORY AUTHORITIES IN AUSTRALIA
Author(s) -
McCrae M.,
Aiken M.
Publication year - 1988
Publication title -
financial accountability and management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.661
H-Index - 44
eISSN - 1468-0408
pISSN - 0267-4424
DOI - 10.1111/j.1468-0408.1988.tb00298.x
Subject(s) - business , accountability , statutory law , accounting , finance , public administration , political science , law
In Australia, statutory authorities constitute the main form of non‐Departmental organisation in the public sector. Although devised on UK Westminster blueprints, they have developed several unique characteristics as an organisational type. These characteristics have given rise to a number of problems of unsatisfactory performance, inadequate financial accountability and inappropriate creation processes. Although several improvement initiatives have recently been (or are about to be) adopted to address these issues there is a very real question hanging over their practicality. This paper looks at characteristics of Commonwealth statutory authorities which have an important bearing on these problems; particularly the problem of improving financial accountability for management performance. The paper reviews the accountability context and structures of Commonwealth statutory authorities, highlights various shortcomings which contribute to the present unsatisfactory situation and discusses factors that may determine the possible extent of real improvement from forthcoming initiatives.