Transparency and accountability is very important during prepration of budget purposes.

Following are the impact of transparency and accountability in budget process

1.Its attract investors to invest in a company if the budget with providing all detailed information regarding revnue and expenditure of organization.

2.Its increase fairness regarding all department of organization.

3.Its improve the profitability of organization.

4.Its help organization to achieve shareholders wealth maximization objective.

5.Its help in creating brand image of organization.

6.Its fulfil the goal of corporate governance.

In following ways we can improve transperancy and accountability in the budget process.

1.Detailed information regarding all expenditure of organization should be available for all stackholders either in physical or information available on official website of organization.

2.Detailed information regarding revnue to all stakeholders.

3.Past performance which is consider for prepration of budget must be clearly mention.

4.Accountability for preparing budget-The person who involve in preparing budget their name and responsibility clearly defined.