Systematic Review of Financial Operations and Oversight Mechanisms in Multi-Sectoral Organizational Structures

• Author(s): May Equitozia Eyeregba ; Omoniyi Onifade ; Florence Sophia Ezeh
• Paper ID: 1708073
• Page: 198-210
• Published Date: 31-01-2020
• Published In: Iconic Research And Engineering Journals
• Publisher: IRE Journals
• e-ISSN: 2456-8880
• Volume/Issue: Volume 3 Issue 7 January-2020

Abstract

This paper explores the complex financial operations and oversight mechanisms in multi-sectoral organizations, encompassing public, private, and nonprofit sectors. It investigates the theoretical foundations of financial stewardship, governance, and risk management within such organizations, aiming to provide a comparative analysis of financial practices across sectors. The study highlights the importance of transparency, accountability, and compliance with industry-specific regulations, while identifying common trends and practices that transcend sectoral boundaries. Through a systematic review of existing literature, the paper evaluates the effectiveness of financial oversight mechanisms, shedding light on their impact on efficiency, stakeholder trust, and financial health. The challenges faced by multi-sectoral organizations, such as fragmented governance structures and resource constraints, are examined, alongside opportunities for improving oversight through integrated systems, digital tools, and cross-sector collaborations. Finally, the paper offers recommendations for enhancing financial operations and governance practices, along with suggestions for future research into the role of emerging technologies and global financial regulations in shaping the future of financial oversight.

Keywords

Multi-sectoral organizations, financial operations, financial oversight, governance mechanisms, risk management, transparency and accountability.

Citations

IRE Journals:
May Equitozia Eyeregba , Omoniyi Onifade , Florence Sophia Ezeh "Systematic Review of Financial Operations and Oversight Mechanisms in Multi-Sectoral Organizational Structures" Iconic Research And Engineering Journals Volume 3 Issue 7 2020 Page 198-210

IEEE:
May Equitozia Eyeregba , Omoniyi Onifade , Florence Sophia Ezeh "Systematic Review of Financial Operations and Oversight Mechanisms in Multi-Sectoral Organizational Structures" Iconic Research And Engineering Journals, 3(7)