Public Sector organisations are different to private organisations as there can be a number of different stakeholders involved. For example, they may report and be held accountable to senior civil servants, who run the organisation and oversee its goals. They may also be accountable to the politicians, who these civil servants report to. Ultimately, they are accountable to the electorate, who vote the politicians into office.
Public sector governance is a new area to the ACCA P1 exam. From December 2014 onwards, candidates will be expected to be familiar with governance in a wider range of organisations, such as public sector organisations. Let’s take a look at some of the key areas of public sector governance.