We investigate whether the presence of municipal audit committees is associated with internal control quality in the municipal setting. The evidence shows that only 20% of municipalities in our sample voluntarily maintained an audit committee during the sample period of 2001 through 2004. Our...

Performance management is an on-going process, which has an essential component part, performance measurement, which involves the identification, supervision and communication of performance results, through the relation to a set of performance indicators. Based on the assessment results,...