What does MAF mean in MANAGEMENT
The Management Accountability Framework (MAF) is a network of formal assessment tools used by the Government of Canada to measure and improve the performance of federal government departments and agencies. This framework helps ensure that organizations are taking steps to achieve results, comply with laws and regulations, protect public funds, and adhere to sound management practices.
MAF meaning in Management in Business
MAF mostly used in an acronym Management in Category Business that means Management Accountability Framework
Shorthand: MAF,
Full Form: Management Accountability Framework
For more information of "Management Accountability Framework", see the section below.
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Essential Questions and Answers on Management Accountability Framework in "BUSINESS»MANAGEMENT"
What is the Management Accountability Framework (MAF)?
The MAF is a network of formal assessment tools used by the Government of Canada to measure and improve the performance of federal government departments and agencies.
What does MAF help with?
The MAF helps ensure that organizations are taking steps to achieve results, comply with laws and regulations, protect public funds, and adhere to sound management practices. This enables greater effectiveness in meeting strategic objectives while minimizing risk.
How often is MAF reviewed?
The MAF is reviewed on an annual basis, including an independent external audit every three years. The external audit assesses how well the framework has been applied in each organization.
Who is responsible for implementing MAF?
Departmental Heads are ultimately accountable for supporting effective implementation of the MAF within their organization as part of their responsibilities under the Financial Administration Act (FAA).
Is there a specific tool kit associated with MAF?
Yes, there is a suite of tools available for use that includes guides for assessing operational risks; standard templates for self-assessment; reporting templates; best practices; productivity reports; information sharing methods; communication plans; and monitoring systems to track progress in implementing improvements identified through assessments.
Final Words:
The Management Accountability Framework provides assurances that Government-wide priorities are being implemented effectively while utilizing prudent management practices. Through its ongoing assessment system, it offers reliable protection against potential misuse or mismanagement by providing oversight over public expenditures, safeguarding resources and enhancing accountability throughout all levels of government.
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