Oversight functions refer to the processes and activities that ensure organizations, governments, or institutions operate effectively and transparently. These functions involve monitoring, evaluating, and guiding actions to ensure compliance with laws, regulations, and policies. Oversight can be performed by various entities, including government agencies, internal auditors, and independent watchdog organizations.
The primary goal of oversight functions is to promote accountability and prevent misuse of resources or power. By conducting regular reviews and assessments, oversight bodies help identify areas for improvement and ensure that objectives are met. This ultimately fosters trust among stakeholders, including the public, employees, and investors.