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CERTIFIED MANAGEMENT ACCOUNTANT 33

happening under the table, which make Implementing highly standardized Conclusion
the general public restless. Hence, it is procedures with an incapable workforce
high time to develop a policy to disclose will lead to greater problems. Transparency and Accountability in
related party transactions in public 4. Lack of computer literacy and Public Sector is a common and crucial
sector in order to promote transparency, Information Technology factor all over the world. Third World
and proper and accountable use of Countries/Developing Countries like Sri
public resources. As I explained in the previous point, Lanka have lagged behind for decades
the non-skilled labour force lacks without achieving a single milestone
Practical Issues of computer literacy. On the contrary, to reach the goal of transparency and
Implementing Accounting public institutes still follow the accountability in the public sector.
manual method of bookkeeping rather
Public sector accounting will be a
Practices in the Public than using any modern information great opportunity to achieve better
Sector. technology. If the public sector can transparency and accountability in
implement the necessary technological
the public sector. If the authorities
1. Centralization infrastructure facilities and provide will have an interest in implementing
computer literacy course work to the the procedures recommended in this
The public sector has a centralized labour force, all the activities can be
decision-making process, which takes simplified. Interconnectivity between article, they could easily overcome the
considerably more time to make/ departments can be achieved by using difficulties and irregularities mentioned
implement a decision. In a centralized the information technology, which herein and strive for a greater chance of
environment there are several levels of will lead to greater transparency and success and a better future.
command that must be passed in order accountability.
to implement a simple procedure. As
an example, if a finance department 5. Resistance to change. References
of a public institute decided to Most of the public employees are
prepare an annual report in order elderly and traditional. They would 1. Ramesh, R & Ranjith, H & Uluwaduge,
to provide information to general love to continue their job task as per Pradeep. (2019). Problems and
public, the decision must reach the top the traditional methods or the way they Issues in Enhancing Transparency
management by passing each and every used to perform. Implementing the and Accountability in Local
level of command. The top management new methods in the face of this kind of Government: Empirical Evidence
of said institute must inform the same negative attitude is very difficult, since from Ambagamuwa Pradeshiya
to central government and publish a most of the employees are conservative Sabha in Nuwara Eliya District of Sri
gazette notification making provisions to or resistant to change. If Public Lanka.
do so. This long process might adversely Institutes need to achieve transparency 2. Research Journal of Finance and
affect the interest of the original idea to and accountability, the most suitable Accounting www.iiste.org ISSN
prepare the annual report. suggestion is to recruit fresh employees 2222-1697 (Paper) ISSN 2222-2847
2. Lack of interconnectivity between and provide them with the necessary (Online) Vol.6, No.9, 2015
departments training.
The interconnectivity of different
departments in the same institute
is very limited in public institutes.
The departments have their
own procurement, financial and
administration teams. Bringing all the
information to one place and preparing
the financial reports can be very
challenging.
3. Lack of knowledge
As the public sector is highly politicized,
politicians always compensate their
supporters by offering government
jobs, contracts etc. This has been
a huge burden to the public sector
institutes, since they have to cater to
an uneducated and non-skilled labour
force, while the talented and educated
labour force cannot have access to the
institutes mostly, since they do not
have the necessary political backup.

www.cma-srilanka.org | Volume 06 -No. 2 - September 2021