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Oversight And Watchdog Organizations
Oversight may refer to: Governance *Regulation – rulemaking *Separation of powers Separation of powers refers to the division of a state's government into branches, each with separate, independent powers and responsibilities, so that the powers of one branch are not in conflict with those of the other branches. The typic ... in state governance (checks and balances) - the concept of separate branches of government or agencies exercising authority over one another *Checks and controls over a particular body or institution: :*Congressional oversight over U.S. federal agencies and other institutions, exercised by the United States Congress :*The ministry of Episcopal polity, episcopal oversight within Christian churches :*Oversight over the International Federation of Accountants (IFAC), see Public Interest Oversight Board :*Oversight (registration, inspection, standard setting and enforcement) over auditors, see Public Company Accounting Oversight Board :*Internal oversi ...
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Oversight
Oversight may refer to: Governance *Regulation – rulemaking *Separation of powers in state governance (checks and balances) - the concept of separate branches of government or agencies exercising authority over one another *Checks and controls over a particular body or institution: :*Congressional oversight over U.S. federal agencies and other institutions, exercised by the United States Congress :*The ministry of episcopal oversight within Christian churches :*Oversight over the International Federation of Accountants (IFAC), see Public Interest Oversight Board :*Oversight (registration, inspection, standard setting and enforcement) over auditors, see Public Company Accounting Oversight Board :*Internal oversight over United Nations operations, see United Nations Office of Internal Oversight Services The United Nations Office of Internal Oversight Services (OIOS) is an independent office in the United Nations Secretariat whose mandate is to "assist the Secretary-General in ...
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Regulation
Regulation is the management of complex systems according to a set of rules and trends. In systems theory, these types of rules exist in various fields of biology and society, but the term has slightly different meanings according to context. For example: * in biology, gene regulation and metabolic regulation allow living organisms to adapt to their environment and maintain homeostasis; * in government, typically regulation means stipulations of the delegated legislation which is drafted by subject-matter experts to enforce primary legislation; * in business, industry self-regulation occurs through self-regulatory organizations and trade associations which allow industries to set and enforce rules with less government involvement; and, * in psychology, self-regulation theory is the study of how individuals regulate their thoughts and behaviors to reach goals. Social Regulation in the social, political, psychological, and economic domains can take many forms: legal restr ...
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Separation Of Powers
Separation of powers refers to the division of a state's government into branches, each with separate, independent powers and responsibilities, so that the powers of one branch are not in conflict with those of the other branches. The typical division is into three branches: a legislature, an executive, and a judiciary, which is sometimes called the model. It can be contrasted with the fusion of powers in parliamentary and semi-presidential systems where there can be overlap in membership and functions between different branches, especially the executive and legislative, although in most non-authoritarian jurisdictions, the judiciary almost never overlaps with the other branches, whether powers in the jurisdiction are separated or fused. The intention behind a system of separated powers is to prevent the concentration of power by providing for checks and balances. The separation of powers model is often imprecisely and metonymically used interchangeably with the ' princ ...
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Congressional Oversight
Congressional oversight is oversight by the United States Congress over the Executive Branch, including the numerous U.S. federal agencies. Congressional oversight includes the review, monitoring, and supervision of federal agencies, programs, activities, and policy implementation.Kaiser FM. (2001)Congressional Oversight. CRS Report for Congress 97-936, 2001Updated 2012 version: Halchin LE. (2012)Congressional Oversight Congress exercises this power largely through its congressional committee system. Oversight also occurs in a wide variety of congressional activities and contexts. These include authorization, appropriations, investigative, and legislative hearings by standing committees; which is specialized investigations by select committees; and reviews and studies by congressional support agencies and staff. Congress’s oversight authority derives from its “implied” powers in the Constitution, public laws, and House and Senate rules. It is an integral part of the Americ ...
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Episcopal Polity
An episcopal polity is a hierarchical form of church governance ("ecclesiastical polity") in which the chief local authorities are called bishops. (The word "bishop" derives, via the British Latin and Vulgar Latin term ''*ebiscopus''/''*biscopus'', from the Ancient Greek ''epískopos'' meaning "overseer".) It is the structure used by many of the major Christian Churches and denominations, such as the Catholic, Eastern Orthodox, Oriental Orthodox, Church of the East, Anglican, Lutheran and Methodist churches or denominations, and other churches founded independently from these lineages. Churches with an episcopal polity are governed by bishops, practising their authorities in the dioceses and conferences or synods. Their leadership is both sacramental and constitutional; as well as performing ordinations, confirmations, and consecrations, the bishop supervises the clergy within a local jurisdiction and is the representative both to secular structures and wit ...
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Public Interest Oversight Board
The Public Interest Oversight Board (PIOB) is an international body that oversees the International Federation of Accountants (IFAC) and seeks to improve the quality and public interest focus of the IFAC standards in the areas of audit, education, and ethics. Formation Creation of the PIOB in 2005 was triggered by a series of corporate scandals including the collapse of Enron and WorldCom in the United States and of Parmalat in Europe. These undermined public confidence in the conduct and competence of audit practitioners, leading to demand for an overhaul of the IFAC including an independent oversight body to ensure that all standards are in the public interest. The board was established through a collaborative effort by members of the international financial regulatory community, working with IFAC, led by Michel Prada, Chairman of the French Financial Markets Authority and Deputy Chairman of the International Organization of Securities Commissions (IOSCO) Technical Committee. Th ...
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Public Company Accounting Oversight Board
The Public Company Accounting Oversight Board (PCAOB) is a nonprofit corporation created by the Sarbanes–Oxley Act of 2002 to oversee the audits of public companies and other issuers in order to protect the interests of investors and further the public interest in the preparation of informative, accurate and independent audit reports. The PCAOB also oversees the audits of broker-dealers, including compliance reports filed pursuant to federal securities laws, to promote investor protection. All PCAOB rules and standards must be approved by the U.S. Securities and Exchange Commission (SEC). Purpose In creating the Public Company Accounting Oversight Board (PCAOB), the Sarbanes-Oxley Act required that auditors of U.S. public companies be subject to external and independent oversight for the first time in history. Previously, the profession was self-regulated. Congress vested the PCAOB with expanded oversight authority over the audits of brokers and dealers registered with the S ...
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United Nations Office Of Internal Oversight Services
The United Nations Office of Internal Oversight Services (OIOS) is an independent office in the United Nations Secretariat whose mandate is to "assist the Secretary-General in fulfilling his internal oversight responsibilities in respect of the resources and staff of the Organization." Specifically, activities include internal audit, investigation, monitoring, evaluation, inspection, reporting and support services to the United Nations Secretariat. Its intended and mandated function is similar to many national government audit organisations, like the Government Accountability Office in the United States. It reports not only to the General Assembly, but also to the Secretary-General. The current head of the OIOS, Under-Secretary-General Fatoumata Ndiaye of Senegal, was appointed as Under-Secretary-General for Internal Oversight Services for a five-year term starting on 17 October 2019, succeeding Heidi Mendoza of the Philippines. The office was established in 1994 at the insiste ...
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Governance
Governance is the process of interactions through the laws, norms, power or language of an organized society over a social system ( family, tribe, formal or informal organization, a territory or across territories). It is done by the government of a state, by a market, or by a network. It is the decision-making among the actors involved in a collective problem that leads to the creation, reinforcement, or reproduction of social norms and institutions". In lay terms, it could be described as the political processes that exist in and between formal institutions. A variety of entities (known generically as governing bodies) can govern. The most formal is a government, a body whose sole responsibility and authority is to make binding decisions in a given geopolitical system (such as a state) by establishing laws. Other types of governing include an organization (such as a corporation recognized as a legal entity by a government), a socio-political group (chiefdom, tribe, ...
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