EUROPEAN EXPERIENCE OF ESTIMATING THE EFFECTIVENESS OF INTERNAL AUDIT IN SYSTEM OF STATE CONTROL

The subject of the paper is to analyze the existing European model of internal government audit and estimating method of its effectiveness in Public Financial Management. The aim of the article is to systematize and to characterize the features of centralized, decentralized and mixed models of internal audit with detailed approaches to evaluating their effectiveness on the basis of methods marks in estimating the effectiveness of Public Financial Management. It was used methods of induction and deduction to characterize the internal state audit model; the disclosure of the nature and content of indexes in Public Financial Management was made by methods of theoretical generalization and comparison. It was achieved such results: the content and features of the models of internal audit in the European countries were revealed; the Internal Audit Service at the level of the European Union was described; Performance Measurement Framework was outlined in general and by its indicators; indexes PI-2 Effectiveness of internal controls for non-salary expenditure? and PI-21 ?Effectiveness of internal audit? were analyzed in details. It was made a conclusion, that European experience can be useful in domestic realities after key reforms in public administration will be made.