Description
1. Explain the practices of internal financial accountability that help prevent fraud and/or deficit spending. Outline how such a program should be designed.
2.How does political oversight of correctional programs and operations relate to the institutional budget? In an essay explain the rationale for oversight by external lawmakers who know very little about the intricacies of correctional management...and why this is important for appropriate stewardship of public funds.ow does political oversight of correctional programs and operations relate to the institutional budget? In an essay explain the rationale for oversight by external lawmakers who know very little about the intricacies of correctional management...and why this is important for appropriate stewardship of public funds.
3.How far do you believe government - correctional authorities - should go to extend inmate medical care within a prison or jail? Should inmates with HIV infection be provided with the very expensive HIV medication? Should inmates be eligible to receive an organ transplant if it is a matter of life or death? In an essay, please explain your logic.
Explanation & Answer
Complete.
Running Head: RESPONSE TO QUESTIONS
Promoting health, accountability and transparency in correctional institutions
Name
Institutional Affiliation
Date
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RESPONSE TO QUESTIONS
Question 1
Internal financial accountability is crucial for any entity in ensuring transparency,
mitigating, and combating fraud. Four major practices ensure internal financial accountability in
most institution. Firstly, separation of duties, where responsibilities are divided among different
people to avoid control of all aspects of an institution’s major activities such as a transaction by
an individual (Aziz et al., 2015). Secondly, warranting that only one individual has the mandate
to approve or authorize transactions of the institution. In these ways, it is easy to avoid confusion
and allows easy auditing and control. Thirdly, warranting the security of an institution’s assets
such as inventories, financial statements, which are often vulnerable to fraud. Institutions must
ensure that unauthorized individuals do not access these assets. This also calls for periodical
counting of assets and comparing them against that which in control records. Lastly, constant
reviews and reconciliation are mandatory. It involves regular assessment of transaction records
against the institution records to investigate accountability and compliance with policies and law
of the institution.
The practices are often designed to ensure mitigation of the various risks that are usually
evident in an institution. Practices are crucial but seem too broad. They should aim at specific
areas within the institution that may be the loophole for fraud. I suppose the practices should be
design to address and be clear about five major aspects of an institution that often provide a way
through which fraud takes place an institution. Firstly, practices of internal financial
accountability should aim at gaining direct control of environmental factors within the institution
that may affect the accountability and responsibility in the institution (Brenninkmeijer et al.,
2018). These include showing strong commitment towards maintaining ethical values of the
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RESPONSE TO QUESTIONS
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institution. Moreover, the practices must aim to provide oversight on responsibility, enforce
accountability, and create a clear structure of authority, and responsibility.
Secondly, ...
