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

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.