Abstracting and IndexingРИНЦReferativny Zhurnal VINITI RAS Worldcat Google Scholar Online availableEastvieweLIBRARY.RU Biblioclub |
Developing the performance audit of public expenditures
Available online: 11 August 2014 Subject Heading: AUDITING JEL Classification: Pages: 42-51
In the modern context, in view of complicating Government objectives and the need to address the strategic goals of economic and social development in a budget-constrained environment many foreign countries attach great importance to accountability management of budget expenditures and their effectiveness assessment through follow-up control. Due to the transition to the principles of budget expenditure efficiency and effectiveness while arranging the budget process in the Russian Federation, which is necessary to create prerequisites and conditions for the most effective management of public and municipal finances according to the key priorities of the national policy, the supervisory authorities must use the methods and tools of the State financial control that are well adapted to modern realities and enable to determine the degree of achieving the social and economic targets, and, therefore to assess the efficiency of using the public funds. The article investigates trends in performance audit of public expenditures as part of the State financial control system in the conditions of result-oriented budgeting, analyzes debatable points and methodological considerations of its implementation. The author provides personal vision of the estimation criteria of budget expenditure efficiency that are necessary for performance audit. This method of State financial control can provide for a new approach to the organization and realization of both the follow-up and operational control, enhance transparency, and improve state-financed organizations functioning. Performance audit introduction is an important step in the process of improving the State financial control, which will undoubtedly lead to changed approaches to audits. The author makes a conclusion that in the modern conditions of reforming the state-financed sector the universal application of performance audit on public expenditures as part of the State financial control is an essential requirement. The author also identifies the areas of further development and solutions to current problems of the performance audit of public expenditures. Keywords: State financial control, performance audit, public expenditures, criteria-based indicators, effectiveness References:
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ISSN 2311-9381 (Online)
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