This raises interesting questions: Could we then rethink our approach to public finances oversight? Although the new management has initiated robust structural management reforms and top-notch treasury management strategies, they are coming long after the horse had bolted. Public Finance Management Act also requires the governments to ensure public finances are managed in accordance with Section 102 (1) (a) and (b). Managers of public universities should remodel their financial management system by developing clear strategies to deal with significant risks identified. Two, university management should demonstrate a commitment to competence, integrity and fostering a climate of trust through their actions.

Source: The Star May 26, 2019 11:15 UTC