The State Financial Control in Ukraine: Directions of Improvement of its Organization and Evaluation
Journal Title: Проблеми економіки - Year 2016, Vol 2016, Issue 2
Abstract
The aim of the article is to examine the essence of the state financial control, identify directions of its improvement and define effective methods for its evaluation. On the basis of the results of analysis of modern scientific works it is determined that the precondition for building an effective state financial control system is defining its role in public financial relationships. According to the data of the conducted study it was concluded that first of all, the state financial control is an instrument of fiscal policy and, therefore, its direct purpose is ensuring a sustainable socio-economic development of the country, i.e., achieving the goal of the fiscal policy. Besides, there revealed the need to harmonize the components of the fiscal policy and types of the state financial control in order to build an effective institutional structure of public administration. It is proved that the division of the state financial control into internal and external must be conducted in accordance with the fact whether the controlling body and the subject under control belong to the same or different branch of power. Also the results of the study suggest that for Ukraine it is expedient to choose the model of a decentralized internal state financial control instead of the existing mixed one in order to avoid duplication by the State Audit Service of Ukraine bodies of partially the functions of the Audit Chamber, and partially those of internal control departments, which operate in the executive branch. There determined inappropriateness of building a system of state internal financial control on the basis of the principles provided for the bodies of the external state financial control. This situation leads to ungrounded definition of the internal control as an object of internal audit, which is carried out by structural units in budget organizations. It is also important to emphasize the need to evaluate managerial decisions in exercising the audit of the control effectiveness in order to increase the responsibility of officials. Prospects for further research are to improve the methodology for evaluating the state financial control in general to identify those of its components that have a negative impact on its entire system.
Authors and Affiliations
Yuliia Lomeiko
Keywords
Related Articles
- EP ID EP154315
- DOI -
- Views 99
- Downloads 0
Tendencies of development of the world market of business tourism
The goal of the article is detection of common tendencies of MICE (Meetings, Incentives, Conferences, and Exhibitions) industry functioning and identification of directions of development of the national market of busine...
Financial Information as a Factor in Creation of the Value Added in the Innovation Market Economy
The objective of the work consists in studying financial information as a factor in creation of the value added in the innovation market economy. The innovation market economy is characteristic of the developed informati...
Check of performance of properties of production functions as mathematical objects
The article determines properties of production functions as mathematical objects. It identifies limitations of their parameters that provide preservation of meaningful value by them. In order to apply production functio...
Formation of the Institutional Environment in Transforming Economies of Postsocial Countries
The article analyzes the formation of market relations as a natural process of capitalism development in the countries that have shaped a socially oriented capital economy that meets purposes of the formation of postindu...
Diagnostics of development of a franchise network in the economic system of the region
The article provides main results of the study of theoretical and practical aspects of development of small business in the economic system of the region by means of formation of franchise networks. It develops a theory...