Regional Asset Management, Oversight, and Accountability in Local Government

Abstract

This study examines the role of regional asset management and financial oversight in enhancing the quality of regional financial reporting and accountability in budget management at the local government level. The research employs a literature review approach, supported by data collected from selected articles, local government officials, auditors, and members of regional oversight institutions, alongside document analysis. The findings indicate that transparent, systematic, and well-managed regional asset administration contributes to improving the accuracy and reliability of financial reports. However, many local governments continue to face obstacles in optimizing asset management systems. In addition, challenges arise from limited resources and the lack of independence among oversight institutions, both of which hinder effective monitoring of regional financial practices. The study emphasizes the need to strengthen institutional oversight capacity, promote greater transparency in financial reporting, and develop a strong compliance culture among local officials. These steps are essential to improving accountability, credibility, and efficiency in regional budget management and financial governance.