ACCOUNTING AND AUDIT

SLOBODIANYK Yuliia ¹

¹SHEE “Kyiv National Economic University named after Vadym Hetman”, Research ID : http://www.researcherid.com/rid/P-8200-2014
OrcID ID : https://orcid.org/0000-0002-5838-2342

Development prospects Accounting Chamber of Ukraine as the supreme institution of state audit

Functional assessment of the Accounting Chamber of Ukraine and prospects of its development as the supreme institution of state audit taking into account requirements of International Standards of Supreme Audit Institutions (ISSAI) are defined in the paper. It is analyzed functioning of the Accounts Chamber by such parameters as independence, status, relations with parliament and government, scope of authority, organizational structure and staff, standards of activity, transparency. It was noted that the role of modern supreme institution of state audit involves performing audit to determine the effectiveness of strategic goals’ achievement of the country, improvement of state audit methodology, development of new methods of audit, measures to fight against corruption and laundering of the proceeds of crime. It was found that in order to meet requirements of the Lima Declaration it is necessary to expand powers of the Accounting Chamber concerning local budgets audit, assessing the quality of public services delivery, efficiency audit of the state capital investments and projects in the field of high technology and innovation, privatization, etc. Undeveloped organizational structure of the Accounting Chamber not only prevents to fully carry out its functions, but also inhibits its development in the future. It’s substantiated the necessary of bringing methodological support for the Accounting Chamber in accordance with updated requirements of the ISSAI standards. In order to expand support for the Accounting Chamber in Ukrainian society it is required to develop assessment system of the state audit quality, provide external audit of the Accounting Chamber and implement real mechanisms for responding to identified violations.

Keywords: the Accounting Chamber of Ukraine, state audit, independence, standards, supreme institution of state audit.

JEL: М40, М42, М48.

SLOBODIANYK Y. . Development prospects Accounting Chamber of Ukraine as the supreme institution of state audit / Y. . SLOBODIANYK // Фінанси України. - 2015. - № 3. - C. 114-126.