Reporting in the New Public Financial Management and Control System

It is possible to ensure financial transparency and accountability through reporting in public financial management and auditing system. Indeed, the extent of public resources can be understood with financial reporting in accordance with generally accepted international accounting standards. While reporting is a helpful factor to conduct internal and external audit in a healthy way, on the other hand it appears to be the essential element in the realization of parliamentary and public control. Reporting contribute considerably to the and useful information to the practitioners, enforcement officers, the legislature and the public in the stages of the preparation and implementation of the budget, reclecting figures in the public accounts and preparation of final account and also the realization of their control.