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...
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| Format: | Article |
| Language: | English |
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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 |
| _version_ | 1797333447420674048 |
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| author | Lomeiko Yuliia A. |
| author_facet | Lomeiko Yuliia A. |
| author_sort | Lomeiko Yuliia A. |
| collection | DOAJ |
| description | 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 |
| first_indexed | 2024-03-08T08:05:02Z |
| format | Article |
| id | doaj.art-d355ba904e5948e8bb5113b5a7fec000 |
| institution | Directory Open Access Journal |
| issn | 2222-0712 2311-1186 |
| language | English |
| last_indexed | 2024-03-08T08:05:02Z |
| publishDate | 2016-05-01 |
| publisher | PH "INZHEK" |
| record_format | Article |
| series | Problemi Ekonomiki |
| spelling | doaj.art-d355ba904e5948e8bb5113b5a7fec0002024-02-02T11:26:52ZengPH "INZHEK"Problemi Ekonomiki2222-07122311-11862016-05-012148160The State Financial Control in Ukraine: Directions of Improvement of its Organization and EvaluationLomeiko Yuliia A.0Postgraduate Student, Department of Finance, Kyiv National Economic University named after V. GetmanThe 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 systemhttp://www.problecon.com/export_pdf/problems-of-economy-2016-2_0-pages-148_160.pdfstate financial controlexternal state financial controlinternal state financial controlperformance auditfinancial audit |
| spellingShingle | Lomeiko Yuliia A. The State Financial Control in Ukraine: Directions of Improvement of its Organization and Evaluation Problemi Ekonomiki state financial control external state financial control internal state financial control performance audit financial audit |
| title | The State Financial Control in Ukraine: Directions of Improvement of its Organization and Evaluation |
| title_full | The State Financial Control in Ukraine: Directions of Improvement of its Organization and Evaluation |
| title_fullStr | The State Financial Control in Ukraine: Directions of Improvement of its Organization and Evaluation |
| title_full_unstemmed | The State Financial Control in Ukraine: Directions of Improvement of its Organization and Evaluation |
| title_short | The State Financial Control in Ukraine: Directions of Improvement of its Organization and Evaluation |
| title_sort | state financial control in ukraine directions of improvement of its organization and evaluation |
| topic | state financial control external state financial control internal state financial control performance audit financial audit |
| url | http://www.problecon.com/export_pdf/problems-of-economy-2016-2_0-pages-148_160.pdf |
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