1. CREATING A VENUE OF ACCOUNTABILITY
PRESENTED BY
Rep. Tommy Stringer,
Mr. Steve Blake, CPA, CFE

2. Thomas Jefferson
“ we might hope to see the finances of the Union as clear and intelligible as a merchant’s books, so that every member of Congress and every man of any mind in the Union should be able to comprehend them, to investigate abuses, and consequently to control them . . .”

3. The New Reality Budget Transparency
With the advance of computer and internet technology, states now have the capacity to publish their yearly budgets on the internet. Since 2007 several states (including South Carolina) began implementing budget transparency legislation on an agency basis that established searchable online budget databases, online check registers, etc.

4. The New Reality Hyper Media Exposure
News media outlets have real time access to data
if questions arise concerning budgetary or
spending problems. In addition, they can publish
news reports far quicker than a public institution
can respond.

5. The New Reality Major Headache
Without Good Governance, Budget Transparency
And Hyper Media Exposure Can Combine to Create
A Financial, Political and Public Relations
Nightmare.

6. What Constitutes Good Governance?
Governance Committee
Conflict-of-interest Statements
Comprehensive New-member Orientation
Key Performance Indicator Dashboard
Diversity
“Best Practices”

7. Current Issues in Accountability
COSO – Committee of Sponsoring Organizations.
Defines internal control in five specific areas.
Is now “Best Practices.”
IRS governance issues.
Sarbanes-Oxley is now “Best Practices.”

8. The shared values and beliefs that delineate acceptable behavior.
Board Culture
The shared values and beliefs that delineate acceptable behavior.
This ultimately determines how successful a board can be!
Board Culture is more critical to success than board makeup and board structure

9. Strategic Thinking
Critical Reasoning Applied to What Matters Most to the Organization’s Future Performance and Viability
THIS IS TO DISTINGUISH THE ABOVE FROM STRATEGIC PLANNING