{"id":18831,"date":"2024-02-05T09:35:14","date_gmt":"2024-02-05T07:35:14","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=18831"},"modified":"2024-02-05T09:35:14","modified_gmt":"2024-02-05T07:35:14","slug":"higher-bodies-of-financial-control","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/higher-bodies-of-financial-control\/","title":{"rendered":"Zamkova I., Nadtochii N. Higher Bodies of Financial Control in Ensuring Transparency and Accountability of Public Sector Institutions in EU Countries"},"content":{"rendered":"

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JEL Classification<\/strong>: \u041d89
\n<\/span><\/td>\n		DOI<\/b>: https:\/\/doi.org\/10.31521\/modecon.V42(2023)-07<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_column_text][vc_column_text]Zamkova<\/strong> Iryna, <\/strong>Doctor of Economics, professor, professor of the department of accounting and taxation, Mykolayiv National Agrarian University, Mykolayiv, Ukraine<\/p>\n

ORCID ID:<\/strong> 0000-0001-5172-3821<\/a>
\ne-mail: <\/strong>iryna_zamkova@meta.ua<\/a><\/p>\n

Nadtochii Natalia, <\/strong>applicant higher education, Mykolayiv National Agrarian University, Mykolaiv, Ukraine<\/p>\n

ORCID ID:<\/strong> 0009-0000-0758-2857<\/a>
\ne-mail: <\/strong>natalya.nadtochiy2017@gmail.com<\/a><\/p>\n

<\/h2>\n

Higher Bodies of Financial Control in Ensuring Transparency and Accountability of Public Sector Institutions in EU Countries<\/strong><\/h2>\n

\u00a0\u00a0<\/strong><\/p>\n

Abstract. Introduction<\/strong>. The implementation of higher financial control in the sphere of public administration is an effective tool for ensuring efficient management of state financial resources. This paper aims to explore the benefits of implementing higher financial control in public administration.<\/p>\n

Purpose.<\/strong> The purpose of this article is to research and summarize the main aspects of the higher EU financial control bodies’ functioning and their role in ensuring transparency and accountability of public sector institutions in member countries.<\/p>\n

Results.<\/strong> The activity of the higher financial control bodies in the EU countries was studied considering their types of structures and types of audit activities. The EU has established higher financial control bodies to ensure transparency and accountability in public sector institutions. The financial control system in the EU public sector has key components. The relationship between the public finance control system and independent internal control and audit is defined. The organization of state financial control in European Union countries has been studied.<\/p>\n

Conclusions.<\/strong> The study of the organizational structure and role of the highest EU financial control bodies reveals that financial control in the European Union has a logical structure and types of audit activity. It is clearly differentiated by directions and industries, which provides an opportunity to effectively manage the financial resources of member countries. The European Union has a history of state financial control that emphasizes independence, transparency, and a systematic approach to financial management and control at the macro level.<\/p>\n

Keywords:<\/strong> higher authorities, financial control, public sector, EU, transparency, accountability.<\/p>\n

References:<\/strong><\/p>\n

    \n
  1. Scheller, K. (2022). Finanzkontrolle, Version06.2022, 09:10 Uhr, in: Staatslexikon<\/em> 8 <\/em>online<\/em>.<\/em> https:\/\/www.staatslexikon\u2010online.de\/Lexikon\/Finanzkontrolle.<\/li>\n
  2. Hans Herbert ‘Von Arnim(2016). Grundprobleme der Finanzkontrolle’. Speyer<\/em>.<\/em> https:\/\/dopus.uni\u2010 speyer.de\/frontdoor\/index\/index\/year\/2016\/docId\/897<\/li>\n
  3. Trincu-Dr\u0103gu\u015fin, C.-P., \u015etef\u0103nescu, A. (2020), The External Public Audit in the Member States of the European Union: between Standard Typology and Diversity, Audit Financiar, vol. XVIII, no. 3(159)\/2020, pp. 555-567, DOI: 10.20869\/AUDITF\/2020\/159\/019.<\/li>\n
  4. Bonollo, E. (2019). Measuring supreme audit institutions? Outcomes: current literature and future insights, Public Money & Management<\/em>, 39(7), pp. 468-477.<\/li>\n
  5. Campos, P.B. (2019). The Court of Auditors as guarantee of the Democratic State, the Social State and the Rule of Law, Teoria y Realidad Constitucional<\/em>, 44, pp. 77-99.<\/li>\n
  6. Johnsen, A. (2019). Public sector audit in contemporary society: A short review and introduction. Financial Accountability & Management<\/em>, 35(2), pp. 121-127.<\/li>\n
  7. Pierre, J., Licht, J. (2017). How do supreme audit institutions manage their autonomy and impact? A comparative analysis. Journal of European Public Policy<\/em>, pp. 226-245.<\/li>\n
  8. Slobodyanik, Y., Chyzhevska, L. (2019). The Contribution of Supreme Audit Institutions to Good Governance and Sustainable Development: the Case of Ukraine, Ekonomista<\/em>, 4, pp. 472-486.<\/li>\n
  9. Public Auditing in the European Union (2023). Les institutions sup\u00e9rieures de contr\u00f4le de l\u2019Union Europ\u00e9enne et de ses \u00e9tats membres\u00a0\u2013\u00a0vue d\u2019ensemble<\/em>. https:\/\/op.europa.eu\/webpub\/eca\/book-state-audit\/fr\/.<\/li>\n
  10. Chernikov, D., Kuzo, M. (2015). Derzhavnyi zovnishnii audyt v konteksti Yevropeiskoi intehratsii [State external audit in the context of European integration]. Kyiv. 34 \u0440.<\/li>\n
  11. Ispir, O. (2008), Auditul extern \u00een domeniul public, Bucure\u015fti, Ed. Economic\u0103. \u0440. 205.<\/li>\n<\/ol>\n

    [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Received:<\/strong> 25 December 2023<\/p>\n

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    Zamkova I., Nadtochii N. (2023). Higher Bodies of Financial Control in Ensuring Transparency and Accountability of Public Sector Institutions in EU Countries. Modern Economics, 42(2023), 47-51. DOI: https:\/\/doi.org\/10.31521\/modecon.V42(2023)-07.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
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    [vc_row][vc_column][vc_column_text] JEL Classification: \u041d89 DOI: https:\/\/doi.org\/10.31521\/modecon.V42(2023)-07 [\/vc_column_text][vc_column_text]Zamkova Iryna, Doctor of Economics, professor, professor of the department of accounting and taxation, Mykolayiv National Agrarian University, Mykolayiv, Ukraine ORCID ID: 0000-0001-5172-3821 e-mail: iryna_zamkova@meta.ua Nadtochii Natalia, applicant higher education, Mykolayiv National Agrarian University, Mykolaiv, Ukraine ORCID ID: 0009-0000-0758-2857 e-mail: natalya.nadtochiy2017@gmail.com Higher Bodies of Financial Control in Ensuring Transparency
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