The main aspects of implementing the system of public internal financial control in Ukraine system

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DOI:

https://doi.org/10.5281/zenodo.6385482

Keywords:

state financial control, internal control system, internal audit

Abstract

This article summarizes the arguments and counter-arguments within the scientific discussion on the study of the effectiveness of public internal financial control. The main purpose of the study is to highlight the main aspects of the implementation of the system of public internal financial control for further study of the effectiveness of the use of state resources by heads of institutions. The need for the head of the institution to report in the manner prescribed by the legislation of Ukraine on the effectiveness and efficiency of the institution, achieving certain purposes (missions), strategic and other goals, including internal control requires appropriate knowledge of public resources management. Analysis of the formation of state internal control allows us to trace trends in its development, to draw parallels with the best international practices in this area. Systematization of literature sources and approaches to solving problems of improving the system of public internal financial control has shown the need for continuous improvement, taking into account the rapid changes in economic mechanisms of the state and public administration. The object of research is the system of state internal financial control of Ukraine. The article presents the results of the historical analysis of the functioning of the system of state internal financial control. The results of the study can be useful to internal auditors, academics and managers who carry out their activities in the field of internal control, risk management, internal audit.

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References

Budget Code of Ukraine: Law of Ukraine of July 8, 2010. Retrieved January 15, 2022 Retrieved from : <http://zakon3.rada.gov.ua/laws/show/2456-17/>.

Resolution of the Cabinet of Ministers of Ukraine No. 1062. (2018). On Approval of the Basic Principles for the Implementation of Internal Control by Budget Administrators and Amendment of the Decree of the Cabinet of Ministers of Ukraine No. 1001. Retrieved January 14, 2022 Retrieved from : <http://search.liga-zakon.ua/l_doc2.nsf/link1/KP181062.html>.

Order of the Ministry of Finance of Ukraine No. 995 (2012). On approval of Methodical recommendations on the organization of internal control by managers of budget funds in their institutions and subordinate budget institutions. Retrieved January 15, 2022, Retrieved from : <https://zakon.rada.gov.ua/rada/show/v0995201-12#Text>.

Resolution of the Cabinet of Ministers of Ukraine No. 394 (2016). On approval of the Regulations on the Minister of the Cabinet of Ministers of Ukraine. Retrieved January 15, 2022, Retrieved from : <https://zakon.rada.gov.ua/laws/show/394-2016-%D0%BF#Text>.

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Institute of Internal Auditors. Retrieved January 15, 2022, Retrieved from : <https://iia-ua.org/?page_id=189>.

Order of the Ministry of Defense of Ukraine No. 145 (2019). On approval of the procedure for organizing internal control and risk management in the system of the Ministry of Defense of Ukraine. Retrieved January 15, 2022, Retrieved from : <http://www.mil.gov.ua/diyalnist/vnutrishnij-kontrol.html>.

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ISO (n./d.). International Organization for Standardization. Retrieved January 15, 2022, Retrieved from : <https://www.iso.org/standards.html>.

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Published

2022-03-26

How to Cite

Yefymenko, H. (2022). The main aspects of implementing the system of public internal financial control in Ukraine system . Political Science and Security Studies Journal, 3(1), 19-25. https://doi.org/10.5281/zenodo.6385482

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Articles