Lukanovska I., PhD, Doctoral student of the Department of Accounting and Taxation, West Ukrainian National University, Ukraine

ORCID ID: 0000-0001-5591-6487
e-mail: Lukanovskair@gmail.com

Innovative Directions of Expanding Audit Activities of a Key State Institution

Abstract. Introduction. The article examines the activities of the key state audit institution – the State Audit Service of Ukraine. It was determined that the activities of the State Audit Service of Ukraine are carried out by monitoring purchases, conducting inspections of local budgets, implementing budget programs, inspecting business entities (state and communal) and other objects of control.

Purpose. The purpose of the article is to conduct a methodological study of the activities of the State Audit Service of Ukraine over the past two years and focus on innovative methods of financial control of the institution under study.

Results. The number of violations of the legislation was established and it was established that this indicator exceeds the level of the investigated past years. The introduction of innovative approaches to expanding the audit activities of state institutions will help improve the quality of work of controlling bodies, strengthen their influence in the fight against corruption, fraud, prevention of budget violations, and inefficient use of state financial resources. Therefore, constant improvement and innovation become the main success factor of state audit institutions. For example, one of the important innovative approaches of the State Audit Service is also the formation of a single integrated computer system that would ensure electronic information and management interaction between related institutional units.

Conclusions. The article provides a list of state control institutions of the EU countries and reveals that it is important to comprehensively combine the experience gained in cooperation with international audit organizations and adapt it to modern realities. In our opinion, the adoption of foreign experience and the introduction of innovative approaches will help to improve the efficiency of the State Audit Service.

Keywords: audit, audit activity, control, financial control, State Audit Service of Ukraine, state finances.

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