eftirlita
Eftirlita is a concept in public administration and organizational governance referring to the practice and system of oversight and accountability. The term is rooted in Icelandic language, with eftirlit meaning supervision; eftirlita denotes the act or process of supervising. In contemporary usage, eftirlita describes a framework of mechanisms designed to monitor compliance, assess risks, and enforce rules within institutions.
A typical eftirlita framework includes internal controls, independent audits, regulatory oversight bodies, performance reporting, and whistleblower
Historically, eftirlita concepts have evolved as governments and corporations formalized oversight through audit functions, governance codes,
Criticism of eftirlita centers on issues of balance and proportionality: excessive oversight can impede innovation or
See also: governance, auditing, compliance, regulation.
References: general works on public administration and corporate governance.