IIA Clarifies ‘Public Sector’
The Institute of Internal Auditors has released a supplemental guidance intended to clarify the often ambiguous term public sector.
Generally, it is agreed that the public sector includes government and publicly-controlled or publicly-funded agencies, enterprises, and other organizations that deliver public programs, goods, or services.
Yet, it is not always clear whether any specific organization should be included in that concept.
“Public Sector Definition” provides specific, identifiable criteria to help define the boundary between public and private sector.
“Upon reviewing this material, you will be able to identify specific criteria to appropriately classify organizations around the world as being in the public sector,” the IIA said.
This document is classified in IIA’s new category titled “Supplemental Guidance.” It should be noted that this new category is not part of the IPPF. This material is not mandatory or strongly recommended IPPF guidance.