Current situation and trends of state audit development in Ukraine

Melnyk Katerina
Doctor of Economics, Professor of of Accounting and Auditing Department Lesya Ukrainka Volyn National University, Lutsk, E-mail:pristypakatia@ukr.net, ORCID ID: https://orcid.org/0000-0001-9167-5801

Ploskina Andriana
4 year student, Faculty of Economics and Management, speciality 071 "Accounting and Taxation", Lesia Ukrainka Volyn National University, Lutsk, E-mail: andrianaploskina147@gmail.com, ORCID ID: https://orcid.org/0000-0002-8544-852X

Cite this article:

Melnyk K., Ploskina A. (2022) Current situation and trends of state audit development in Ukraine. Ed.: V.V. Kovalenko (ed.-in-ch.) and others [Suchasnij stan ta tendenciyi rozvitku derzhavnogo auditu v Ukrayini; za red.: V.V. Kovalenko (gol. red.)], Scientific Bulletin of the Odessa National Economic University (ISSN 2313-4569), Odessa National Economics University, Odessa, No. 1-2 (290-291), pp. 70-78.

Abstract

Purpose. The aim of the work is to study the theoretical aspects of state financial control, practical experience of state financial control in Ukraine, evaluate its effectiveness and efficiency as well as identify the key directions for improvements in this area and its future development. The research methodology is the analysis of scientific works of domestic and foreign researches as well as the use of indicators from the official site of the State Audit Office of Ukraine and the main Law books of Ukraine. Results. The article actualizes the theoretical aspects of state audit. The general issues studied by scientists have been outlined and issues that are unresolved have been found out. The factors that led to the existance of public audit have been identified. They are as follows: the necessity to increase the effectiveness of state financial control and improve the functioning of organizations which use budget resources; the complexity of the formation system of accounting information as well as the lack of knowledge for self-verification of the proper conduct of financial accounting; the necessity to introduce a less fiscal but more operational form of control that could check the functioning and use of budget funds and propertis. The main government agencies which implement state audit in practice in Ukraine are the State Audit Office and the Accounting Chamber. The main approaches of interpreting the sence of public audit, based on the analysis of the provisions of regulatory documents on state financial audit in Ukraine are systematized. The main reasons for the lack of an integral system of state audit are found out. The list of the main types of state financial audit is formed. The comparison of state, independent and internal audit according to separate criteria is carried out. The subjects of internal audit of state service at different stages of its implementation have been identified. The most common financial violations which led to the loss of resources were formed, based on the study of the main trends in the development of state audit.The practical significance of the results of the study is to identify the main trends in state audits in 2020 and analyze these audits by types, number and shares.

Keywords

state audit, state financial control, independent audit, internal audit, State Audit Office of Ukraine.

JEL classification: H830, M420; DOI: 10.32680/2409-9260-2022-1-2-290-291-70-78

UD classification: 336.148

References

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