Enhancing Financial Transparency and Accountability in Public Education: Lessons from Internal Control Interventions in Developing Countries

Sylvester Worlanyo Gbadrive ()

International Journal of Scientific Research and Modern Technology, 2025, vol. 4, issue 9, 19-28

Abstract: This study explores the role of internal control systems in enhancing financial transparency and accountability within public education sectors in developing countries, with specific contextual application to the United States. Using a mixed-methods research design, the study integrates quantitative analysis of financial performance data from 450 educational institutions with qualitative insights from stakeholder surveys and case studies. The findings demonstrate that well-structured internal controls substantially reduce financial mismanagement, improve compliance with regulatory requirements, and strengthen stakeholder trust. Specifically, institutions that adopted comprehensive internal control frameworks reported up to 78% improvement in financial accountability and a 65% increase in stakeholder confidence. The analysis further reveals that leadership commitment, stakeholder engagement, and systematic training are critical success factors in implementing effective financial management systems. Conversely, resource limitations, cultural resistance to change, and inadequate technical infrastructure remain persistent barriers. The study concludes that internal controls are not merely bureaucratic mechanisms but strategic enablers of effective governance, efficient resource allocation, and long-term sustainability in public education. Policy implications highlight the need for adaptive frameworks that integrate transparency mechanisms, stakeholder communication, and emerging technologies such as artificial intelligence and blockchain to strengthen future financial governance in education.

Keywords: Financial Transparency; Public Education Governance; Internal Control Systems; Accountability Mechanisms; Stakeholder Trust; Educational Finance Reform (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:daw:ijsrmt:v:4:y:2025:i:9:p:19-28:id:795

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