№ 1/2016

№ 1/2016

Fìnansi Ukr. 2016 (1): 116–125

ACCOUNTING AND AUDIT

NEVIDOMYI Vasyl ¹

¹The Accounting Chamber of Ukraine
OrcID ID : https://orcid.org/0000-0003-4455-864X

Strengthening the institutional capacity of the Accounting Сhamber of Ukraine as an independent state audit institution

The issue of institutional capacity of the Accounting Chamber of Ukraine through the implementation of modern innovative approaches based on international experience is explored. The first approach lies in active use of criteria measuring the efficiency of audit institutions using ISSAI compliance assessment tools to identify strengths and weaknesses in order to take right direction for improving the institutional capacity. The second approach is aimed at creating sustainable public understanding of what guarantees the independence of the Accounting Chamber is the key to its sustainable and stable functioning. This public support should be based on strategic plans, searching capabilities and interactive communication with it, the mutual obligations of audit institution’s management, external strategies. The third approach is complex, which focuses on capacity building of the Accounting Chamber to support professional development, institutional capacity (administrative and managerial systems and procedures). The institutional capacity of the supreme audit institution (SAI) is considering as an ability to effectively monitor changes in the environment (the state and society) and to form a partnership that would allow it to take advan­tage of emerging opportunities and mitigate emerging risks.

Keywords:institutional capacity of the Accounting Chamber of Ukraine, International Standards of Supreme Audit Institutions ISSAI, external audit, capacity building, independent state audit institution.

JEL: H80, H81

NEVIDOMYI V. . Strengthening the institutional capacity of the Accounting Сhamber of Ukraine as an independent state audit institution / V. NEVIDOMYI // Фінанси України. - 2016. - № 1. - C. 116-125.

Article original in Ukrainian (pp. 116 - 125)

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