Paper Title
Revenue Leakages and Reporting Gaps: A Study of Financial Control Mechanisms

Abstract
This study investigates the nature and drivers of revenue leakages and reporting gaps within public sector financial management systems, emphasizing the role of institutional control mechanisms in ensuring accurate and transparent financial reporting. Using a mixed-methods approach, the research integrates quantitative financial variance analysis with qualitative assessments of internal controls, documentation practices, and operational workflows across multiple public institutions. The results reveal substantial disparities in leakage levels, with institutions characterized by manual processes, inconsistent reconciliation cycles, and weak oversight exhibiting the highest discrepancies. Regression analysis further indicates that automation level, internal audit strength, and reconciliation frequency are the most significant predictors of reporting accuracy. Additionally, operational inefficiencies emerged as the dominant source of leakages, surpassing fraud and compliance issues. Cluster analysis highlights distinct institutional risk profiles, reaffirming the need for targeted control enhancements rather than uniform interventions. Overall, the findings underscore that strengthening digital integration, audit capacity, and standardized reporting protocols is essential for minimizing revenue leakages and improving the integrity of public financial management. Keywords - Revenue Leakages, Reporting Gaps, Financial Controls, Public Financial Management, Internal Audit, Automation, Reconciliation.