fiscal oversight

Fiscal oversight involves monitoring and managing how government agencies or organizations handle their financial resources. Its purpose is to ensure funds are used legally, efficiently, and appropriately, preventing waste, fraud, or mismanagement. Oversight can be conducted by government auditors, oversight committees, or external watchdog entities. They review budgets, expenditures, and financial reports to hold entities accountable and promote transparency. This process helps maintain public trust, ensures compliance with laws, and supports responsible financial decision-making within the public sector.