Fiscal monitoring refers to the process of overseeing an organization's financial activities to ensure proper use of funds, adherence to budgets, and compliance with financial regulations.
Related terms
Budgetary control: The practice of setting budgets, monitoring expenses, and making adjustments as needed to ensure financial stability.
Auditing: The examination of an organization's financial records to verify accuracy, detect fraud or errors, and ensure compliance with laws.
Internal controls: Procedures put in place by an organization to safeguard assets, prevent fraud or misappropriation of funds, maintain accurate records, etc.