THEORETICAL APPROACHES TO THE CONCEPT OF FINANCIAL ACCOUNTABILITY AND TRANSPARENCY
DOI:
https://doi.org/10.60078/3060-4842-2025-vol2-iss4-pp507-512Abstract
This article explores the theoretical foundations of financial accountability and transparency, highlighting their importance in the effective implementation in both the public and private sectors. The content and essence of financial accountability and transparency are analyzed through various theoretical approaches, including institutional theory, agency theory, good governance theory, new public administration theory, and public participation theories. The results of the study confirm the conclusions that a high level of financial accountability and transparency contributes to economic stability, improvement of the investment climate, reduction of corruption, and increased social trust.
Keywords:
financial accountability financial transparency institutional theory agency theory good governance new public administration public participation ernational financial standards budget openness economic stabilityReferences
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