The State Financial Control in Ukraine: Directions of Improvement of its Organization and Evaluation
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 effect...
Main Author: | |
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Format: | Article |
Language: | English |
Published: |
PH "INZHEK"
2016-05-01
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Series: | Problemi Ekonomiki |
Subjects: | |
Online Access: | http://www.problecon.com/export_pdf/problems-of-economy-2016-2_0-pages-148_160.pdf |
Summary: | 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 |
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ISSN: | 2222-0712 2311-1186 |