Good Governance Practices and Their Effect on Public Financial Accountability

Abstract

This study examines the relationship between good governance principles and public financial accountability in the context of public sector management. Increasing demands for transparency, efficiency, and responsible use of public resources require governments to strengthen accountability mechanisms and institutional performance. Using a systematic literature review approach, this study synthesizes peer reviewed research on transparency, internal control systems, auditing, digital transformation, and public sector accounting. The findings indicate that transparency in financial reporting, strong internal controls, independent auditing, and digital financial management systems significantly enhance fiscal discipline, reduce corruption risks, and improve public trust. Digital platforms further strengthen accountability by increasing accessibility of financial information and encouraging citizen participation in budget oversight. However, the effectiveness of governance reforms depends on enforcement capacity, administrative competence, and civic engagement. The study concludes that consistent implementation of governance principles is essential to ensure financial integrity, institutional legitimacy, and sustainable public sector performance.