Effectiveness and Efficiency of Implementing Audit for the Economic Stabilization of the State
Journal Title: Бізнес Інформ - Year 2016, Vol 6, Issue
Abstract
The article is aimed at studying the theoretical aspects of audit of expending the budgetary means. The main directions of implementing the performance audit into practice of the public financial control have been allocated. The main components of the performance audit such as the principles, elements, and functions have been identified. The article considers relevance of the methodology of auditing, as well as the need to develop a system of criteria for validation and an integrated approach to practical auditing. Thus, as a result, the main directions for implementing of the performance audit into practice of the public financial control have been allocated. Prospect for further research in this direction is identifying ways of improving the public financial control practices with a view to achieving a higher level in accordance with the EU quality standards. With this in mind, on the basis of the INTOSAI standards for performance audit, can be advisable to develop a single unified methodology, which would equally be perceived and, within the limits of competences, applied by the domestic parties in the budgetary process.
Authors and Affiliations
Bohdan Kostiuk
Keywords
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