Budgetary Control In Icddr

The study examined a number of objectives which included; to establish the procedures used in budget preparation, to establish the objectives of budgetary controls, to establish whether budgetary controls affect performance and to examine the factors affecting budgetary controls in icddr,b. This chapter presents the summary of the research findings, conclusions and the requisite recommendations. The recommendations of the study were derived from the major findings under study and the exact situation in icddr,b.

6.1 Highlight of Findings

The findings of the study indicate that as a result of these problems, the cash budgets are sometimes overstated. From this study the consultant has been able to describe the budgeting practice in icddr,b

Budgeting acts as a motivator to staffs when targets are met, increases performance efficiency, eliminates misuse and controls costs, coordinates the activities of the various departments as far as operations are concerned, so that plans and objectives laid down in the budgets are achieved.

6.1.4 Relationship between budgetary controls and organizational performance

The consultant also found out that there is a substantial relationship between budgetary controls and performance. Therefore, management of icddr,b try to address the problems that hinder the attainment of the set targets.

6.1.5 Factors affecting budgetary controls and performance

In establishing and examining the limitations of budgetary controls in icddr,b, the study revealed some factors affecting budgetary controls such as price fluctuations due to inflation which leads to increase in the cost of operation hence affecting the total cost of service delivery, limited knowledge about budgetary controls, changing business environments, unexpected expenditures and diminishing local currency against the US dollars which in turn affects the achievement of the set

Therefore, increased capability of IT tools and managers will be able to increase their visibility of an organization’s daily conditions. IT system has a lot to do with ongoing feedback and management control which requires to measure and evaluate the organization’s individual unit performance. Just like in icddr,b, budgeting will facilitate decision making when proper IT system is in place and it will assist each department to come up with a more realistic objective.

l) The Internal Oversight Department (IOD) needs to be strengthened at priority through recruitment of qualified staff to ensure timely and effective completion of internal Audit (IA) reviews. The Internal audit manual should be finalized and disseminated to the staff for understanding the necessary requirements to be complied with as part of the IA review.

m) IOD should focus on performance of ‘risk based audits’ – the risk identified by the process owners should be further supplemented with IOD’s understanding of the risks associated with key processes of icddr,b and these risks should be duly updated in the risk registers for subsequent tracking and follow up. All pending IA reviews should be completed on priority and management response on identified issues should be solicited within a defined period of