Financial Management - Accounting Archives - Page 3 of 4 - WIN

Dec 02, 2015

Financial Management - Accounting, Governance - Controls, IM, Public institution, River Basin Organization, Tool, Water and Sanitation Service Provider,

Accountability for expenditures

Legal or ethical duty to account for the use of funds, equipment and authority.

Dec 01, 2015

Financial Management - Accounting, IM, Risk, Water and Sanitation Service Provider,

Inefficient revenue generation

Insufficient billing and collection systems and outdated customer databases endanger utilities’ generation of revenues.

Dec 01, 2015

Financial Management - Accounting, IM, Project Execution - O&M, Public institution, Risk, Water and Sanitation Service Provider,

Payments to contractors delayed, reduced or refused

Project officers might disturb the transfer of payments in order to make personal gain.

Dec 01, 2015

Financial Management - Accounting, IM, Risk, SME,

Loan scam

SMEs might be tempted to take dubious loan offers, when desperate.

Dec 01, 2015

Financial Management - Accounting, Governance - Controls, IM, Risk, SME,

Illicit practices regarding tax payments

SMEs might unintentionally report false tax statements or be victims of illicit behaviour of tax advisors and inspectors.

Dec 01, 2015

Financial Management - Accounting, IM, Project Execution - O&M, Risk, SME,

Payments from the project owner delayed, reduced, or refused

The project owner as an organization or the project officer as an individual might misuse their authority over payments at the expense of the contractor.

Dec 01, 2015

Financial Management - Accounting, Governance - Controls, IM, Public institution, Risk, River Basin Organization, SME, Water and Sanitation Service Provider,

Manipulation of documents

Manipulation of documents on procurement, staffing, billing, maintenance etc.

Dec 01, 2015

Financial Management - Accounting, Governance - Controls, IM, Public institution, Risk, River Basin Organization, SME, Water and Sanitation Service Provider,

Irregularities in auditing process

Audit results are corrupted when biased by personal interests.

Dec 01, 2015

Financial Management - Accounting, IM, Public institution, Risk, SME, Water and Sanitation Service Provider,

Error-prone accounting systems

Manual or inadequate electronic accounting systems making it easy to avoid procedures.

Dec 01, 2015

Financial Management - Accounting, Human Resources, IM, Public institution, Risk, SME, Water and Sanitation Service Provider,

Payroll fraud

Tampering with pay cheques, timesheets and curriculum vitae or creating ghost workers and other illicit practices.