Open AccessFOREIGN EXPERIENCE OF ORGANIZATION OF PERFORMANCE AUDIT IN THE ASPECT OF FINANCIAL SYSTEM MANAGEMENT
Author(s) -
Yu.V. Slabunova,
Yu.M. Kііashko,
Ya.V. Kartaviy
Publication year - 2019
Publication title -
pravovì gorizonti
Language(s) - English
Resource type - Journals
ISSN - 2519-2353
DOI - 10.21272/legalhorizons.2019.i18.p142
Subject(s) - audit , legislature , legislation , business , control (management) , ukrainian , financial management , accounting , state (computer science) , financial audit , external auditor , accounting management , finance , economics , internal audit , political science , accounting information system , linguistics , philosophy , management , algorithm , computer science , law
The article is devoted to the question of the study of the organization of controlling activity in the course of taking measures to manage the financial systems of certain foreign countries. It is emphasized that studying the practices of foreign countries is useful and necessary for the Ukrainian state in the current conditions of repeated attempts of the legislative introduction of innovative methods of management of the domestic financial system. Emphasis is placed on the recognized importance of controlling activities in foreign countries in the management of financial systems. It is established that such control is built on different models. At the same time, many developed countries are characterized by a system of decentralization and, often, theallocation of certain elements of the audit to a separate branch. Attention is paid to the peculiarities of the development of financial control in foreign countries. The issue of exercising such control in the United States of America, the Republic of Turkey, the French Republic, and other countries is considered in general terms. Positive aspects and negative aspects in the organization of controlling activities of some foreign countries were identified. The feasibility and likelihood of introducing positive factors into national legislation were assessed. It has been found that in many developed countries most of the public financial control authorities make extensive use of performance audit as one of their most effective methods. It is established that the purpose of exercising this type of control is to determine the socially significant result from the use of all existing state resources. It is emphasized that in many foreign countries considerable attention is paid to the assessment of the organization and financial control over a wide range of relevant criteria. After all, it is only with a proper assessment of these state measures that it is possible to determine the actual effectiveness of the latter. Keywords: performance audit, state financial control, control, control activities, financial system management, financial system.