The financial management requirements of the industries in the public sector, such as government offices and not for profit organizations, continue to grow stricter. The public sector has taken many different measures to address this, from changing their organizational structures to introducing new accounting methods, disclosing more information, better internal controls, and even privatization. The drastic structural changes we see right now may be a time of the industry’s most significant transitional period.

Instances of outsourcing of government functions and services to private companies have also increased, and collaborations between the public and private sectors have expanded for projects such as regional revitalization and smart cities. Large foreign companies are also starting to offer services to the public sector. We can assume that the role of private companies in the public sector’s organizational structure and management methods will continue to expand in the future.

Here at RSM Shiodome Partners, we are familiar with working with the public sector, and we can help you with managing your business.

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