Study on the identification of risk management practices and risk factors in German public administration

Abstract

During 500 years of so called Cameralistics, based on a cash-accounting system, the political and administrative responsibility was focussed from fiscal year to fiscal year and election to election. Long-lasting investments were suppressed by change in political majorities, higher authorities, like the federal government, the legal branch or the European Union. Especially the real estate and other fixed assets are ignored in this kind of accounting. The new kind, similar to the double-entry-accounting, was introduced in NRW in 2005–2009.