International Journal of Advanced Multidisciplinary Research and Studies
Volume 4, Issue 6, 2024
A Policy Alignment Framework for Integrating Fiscal Controls Across Interdependent Financial and Operational Units
Author(s): Olawale Olasoji, Ebehiremen Faith Iziduh, Oluwatobi Opeyemi Adeyelu
DOI: https://doi.org/10.62225/2583049X.2024.4.6.4591
Abstract:
Organizations face increasing complexity in managing fiscal controls due to the growing interdependence between financial and operational units. Traditional fiscal control frameworks often operate in silos, resulting in misalignment, inefficiencies, and elevated risk exposure. This paper proposes a comprehensive policy alignment framework designed to integrate fiscal controls across these interdependent units, enhancing governance, accountability, and risk management. The framework comprises structured governance mechanisms, standardized policies, and robust communication channels that facilitate coordination and transparency. It emphasizes the synchronization of financial and operational control cycles, embedding risk management and compliance into daily workflows. By fostering collaboration and continuous feedback, the framework supports organizational agility and sustainable performance. The paper further discusses practical implementation considerations and highlights avenues for future research, including empirical validation and the role of emerging technologies. This contribution offers both theoretical insights and practical guidance for organizations seeking to bridge gaps between fiscal oversight and operational execution in dynamic environments.
Keywords: Fiscal Control Integration, Policy Alignment, Governance Structures, Financial and Operational Coordination, Risk Management, Organizational Accountability
Pages: 2541-2548
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