Agrarian Economy 2017 Т. 10 № 3-4:43-49
Performance audit as a component of the state control system
А. Lyubenko, doctor of economics, professor
University of Banking,
Lviv National Agrarian University,
Y. Kiyko, PhD-student
University of Banking
ANNOTATION
This article deals with a detailed analysis of features of state financial control and highlights the main stages of its development. The meaning of performance audit based on international standards of higher education institutions of financial control INTOSAI is investigated and the provisions of the ISSAI 300 standard «Fun-damental Principles of Performance Auditing» are analyzed as well as the importance and necessity of its im-plementation in domestic practice aresubstantiated.
We highlighted the main purpose of the performance audit and substantiated its main tasks in the area of state control and use of budget funds of institutions of public administration in terms of management efficiency and mechanism for evaluating the provision of public servicesdeveloping. According to research results the neces-sity of using audit as a form of public financial control in the present time is justified. The similarity and dif-ference among performance audit and other types and forms of economic control is analyzed. Three main ap-proaches to audit realization are identified.Audit is defined as a priority form of control of state assets, for successful implementation of which it is necessary to develop national standards of control in the public sec-tor.
KEY WORDS
audit, state assets, international audit standards
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LINK
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