Who should be responsible for reviewing debt management practices in GFEBS?

The responsibility for reviewing debt management practices in GFEBS should involve all team members involved in financial management because effective debt management is a collective effort that requires input and oversight from various perspectives. Each team member may bring unique insights and skills that contribute to a more holistic understanding of financial practices and compliance within the organization.

Engaging all team members ensures that different aspects of debt management—such as risk assessment, compliance with regulations, and effective communication with stakeholders—are adequately addressed. This collaborative approach allows for more comprehensive monitoring and appraisal of practices, enabling the organization to identify areas for improvement and implement corrective measures more effectively.

Additionally, fostering a culture of shared responsibility among team members ensures that everyone remains vigilant about financial practices and the management of debts, thereby enhancing overall organizational accountability and effectiveness.