"Reporting differences between private and public org. and which sector is the......

System

....most regulated, in relation ot management of cash"?

Hi there, kindly soul! Thanks fo taking the time to read this! It is a naddtional task question from ages ago and needless to say I don't have the text book anymore to look it up, could you give me an answer? I tried the net already with no luck!
Thaks

System

Re:"Reporting differences between private and public org. and which sector is the......

Hi

I don't have a definite answer to help you but I do have an opinion if that helps?

I would have thought the public sector would be most regulated in the management of cash. This is because the cash is public money and all spending must be justified and approved and answerable to a government body and auditors. For example if the police had a big Christmas party and spent thousands of pounds on free alcohol for it's staff then the taxpayers wouldn't be happy or the government. If a private company is wasteful or takes risks with it's money, only the employees and shareholders will care.

Also the public sector doesn't make a profit, therefore much of it's accounts is about keeping to it's budget. I don't know if Companies House gets a copy of their year end accounts like with limited companies.

Sorry i don't have anything better, hopefully someone out there has a proper answer they can give you. Good luck!

System

Re:"Reporting differences between private and public org. and which sector is the......

Thank you Jane,

this helps a lot anyway.

It is the same conclusion i had reached but just wanted to make sure my reasoning was shared by at least a few others!

Cheers,