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a) Briefly discuss the reporting requirements of IPSAS 24: Presentation of Budget Information, and justify the relevance of this standard in governmental budgeting and accountability

a) Briefly discuss the reporting requirements of IPSAS 24: Presentation of Budget Information, and justify the relevance of this standard in governmental budgeting and accountability b) The concept of Value for Money (VFM) in the public sector has been associated with the 5Es. The relevant elements of the VFM can be applied as an assessment tool for almost all government programmes/projects. Using relevant public sector examples, you are required to: i) Demonstrate how the concept of VFM is applied in the distribution of the District Assembly Common Fund (DACF) ii) Demonstrate how the concept of VFM can be used to attain the objective(s) of public procurement

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