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DEVELOPMENT OF PUBLIC FINANCIAL CONTROL IN UKRAINE

Journal: University Economic Bulletin (Vol.1, No. 26)

Publication Date:

Authors : ;

Page : 200-206

Keywords : financial policy; financial control; audit; public control; budget funds;

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Abstract

The results - on the basis of retrospective analysis of practices and theoretical principles for the formation and development of public financial control detected shortcomings of the current methodology of financial control in Ukraine and directions for its further modernization were proposed. Area of using results - theoretical and practical research results can be used in the process of improving system of public financial control in Ukraine. Conclusions. In line with current economic reforms (decentralization of budgetary relations, expanding budgetary rights of local administration and giving independence in budgetary authority to regions and governments) control function of the economic mechanism and thus financial control receives significant impulse for further development. The positive result of these reforms can be achieved on the basis of full democratization of social relations and effective system of financial control, which is functioning on the principles of international law set forth in the provisions of the Lima Declaration. In order with them public financial control, audit and public control should cover all aspects of financial relations. This requires a critical assessment of current models of control, making appropriate changes in the mechanism of internal and external control, introduction responsibility for ensuring of social progress not only controlled facilities, but first of all - the subjects of control for rational and efficient use of all productive potential by providing criteria decent standard of living.

Last modified: 2016-06-29 18:15:20