The strategy of institutional reform of the supreme audit institution: the case of Ukraine

Slobodyanik, Yulia; Kondriuk, Lesia; Haibura, Yuliia

doi:10.14807/ijmp.v10i7.916

Cited by 8 publications

(4 citation statements)

References 19 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Data, including reports on the results of audits of public finances conducted by the Accounting Chamber of Ukraine for 2014-2021, information on the publication of financial reports of ministries obtained from official sources. In addition, the authors took into account the results of processing empirical data collected by Slobodyanik et al (2019) during a survey of experts in the field of independent audit and state control. As noted above, the Accounts Chamber has only started to conduct financial and performance audits since 2015.…”

Section: Methodsmentioning

confidence: 99%

Audit of public finances: methodological issues and the case of Ukraine

Slobodyanik

Zdyrko

Kuzyk

et al. 2022

Ind. Jour. Manag. & Prod.

View full text Add to dashboard Cite

The paper aims to analyze the methodological issues that exist in the field of public finance audit, and find ways to solve them on the example of Ukraine. The methodological basis of the study is the analysis of scientific publications, regulations, standards; best practices analysis; retrospective analysis of ACU’s performance indicators; content analysis of reports on the results of audits; method of logical generalization and systematization in formulating conclusions and recommendations. The study found that an important role in maintaining the functions of the SAI in society is played not only by the fact of auditing public finances, but also its methodology, including compliance with INTOSAI standards and building confidence in its results. The recommendations concern the need to: conduct financial audits of all major administrators of budget funds in accordance with the requirements of INTOSAI standards; ensure the timeliness of financial audits, the results of which should be published together with the financial statements; assessment of the skills of the ACU’s specialists performing financial audits to plan staff training; revise approaches to the interaction of the ACU’s auditors with internal audit departments to support the development of the internal audit function in the public sector; establish a quality control system according to the requirements of ISSAI 140; revise the approaches to the implementation of public finance reform on the transition to the application of the principle of accrual in accounting. Implementation of the recommendations will strengthen the role of the Accounting Chamber in society by increasing the credibility of its audits and their importance for improving the efficiency of public administration.

show abstract

Section: Methodsmentioning

confidence: 99%

Audit of public finances: methodological issues and the case of Ukraine

Slobodyanik

Zdyrko

Kuzyk

et al. 2022

Ind. Jour. Manag. & Prod.

View full text Add to dashboard Cite

show abstract

“…Slobodyanik et al. (2019) pointed out that the audit in the public sector can support national confidence toward authorities by means of deciding economic feasibility, efficiency and effectiveness in the country's resource management and the effectiveness of the fight against corruption.…”

Section: The Importance Of the State Auditmentioning

confidence: 99%

“…Overall, the conclusion is that "SAIs' quality, objectivity, and relevance of work is critical to them having an impact and providing a complementary, rather than duplicative and inefficient, role in evaluating for accountability and results" (OECD, 2016). Slobodyanik et al (2019) pointed out that the audit in the public sector can support national confidence toward authorities by means of deciding economic feasibility, efficiency and effectiveness in the country's resource management and the effectiveness of the fight against corruption.…”

Section: The Importance Of the State Auditmentioning

confidence: 99%

The supreme audit institution in the Republic of North Macedonia – two decades of building public trust

Dionisijev

Lazarevska

Trpeska

et al. 2022

JPBAFM

View full text Add to dashboard Cite

PurposeThe state audit is crucial for society in ensuring the transparent and legal spending of public funds. In the Republic of North Macedonia, although state audit-related activities have existed since the state's independence, the State Audit Office started operating as a Supreme Audit Institution in 1999. The purpose of this research was to explore the development of the State Audit Office in the Republic of North Macedonia over the past two decades regarding the organisational aspect and the state audit-related activities.Design/methodology/approachThe research is based on a detailed analysis performed using statistical tests of data collected from the State Audit Office's annual reports on operation and performed audits in the period 2001–2020, concerning the budget, organisational size, audit engagements, audited public revenues and expenditures, audit reports, and given recommendations and their implementation. The survey method was used to determine other factors that could have a correlation with the development of the State Audit Office.FindingsIn general, it can be concluded that the State Audit Office has grown in terms of financial resources at its disposal and the organisational size (number of employees). Although there is no correlation between the regularity audit engagements and the audited public revenues and expenditures, there is still a positive correlation between the audited public revenues and expenditures. The implementation of the given recommendations by the auditors is not related to the number of recommendations in the final audit reports. There are several internal, external and international factors that have a positive correlation with the development of the State Audit Office.Research limitations/implicationsThe first limitation of this paper pertains to the period of existence of the Supreme Audit Institution in the Republic of North Macedonia not being very long in order to be able to draw more significant conclusions. The second limitation concerns the measurement of the variables from the survey being based only on the perception of the state auditors. Such a measurement method might be considered less accurate in describing the actual situation.Originality/valueTo the best of our knowledge, this paper is the only one that explores the development of the Supreme Audit Institution in the Republic of North Macedonia. Furthermore, it provides a good basis for further detailed research on areas relevant to the issue. We believe that this research will enrich the existing body of literature on state audit by offering a concrete example of the development of a Supreme Audit Institution in a less-researched geographical area.

show abstract

“…Increasing the analytical potential of the audit in the current situation is an important direction in the development of its methodology (Slobodyanik, Kondriuk & Haibura, 2019).…”

Section: Independent Journal Of Management and Production (Ijmandp)mentioning

confidence: 99%

Audit Assessment of the Effectiveness of Public Procurement Procedures

Drozd

Pysmenna

Pohribna

et al. 2021

Ind. Jour. Manag. & Prod.

View full text Add to dashboard Cite

The article seeks describing the benefits and challenges faced by auditors in assessing the effectiveness of public procurement procedures in terms of applying the methodology for calculating efficiency, economy and effectiveness, taking into account the risks of procurement in e-auctions. Quantitative risk parameters are calculated using data of probabilistic indicators of procurement risk assessment according to the ratio of the number of relevant procedures (sub-threshold and above-threshold) to the total number of procurement procedures. Statistical valuation methods are used for the cost risk assessments and calculation of the aggregate risk indicator of public procurement. The calculations are performed using the data of the open e-procurement system ProZorro for all announced procurements in 2018-2019. We analyzed the methods, indicators and the extent to which the study of the public procurement effectiveness via bibliographic and case studies is performed. As a result, the majority of methods cover four components of assessing the public procurement efficiency - targeted efficiency, cost-effectiveness, organizational efficiency, efficiency of budget expenditures for public procurement. This does not provide an assessment of the automated systems’ impact on the procurement procedures results and on possible savings due to the use of certain procurement procedures. To comprehensively assess the procurement efficiency in e-bidding, the authors propose considering four key risks: the risk of cancellation of the procurement procedure, the risk that the procurement procedure will not take place, the risk of appealing the procurement, the risk of disqualification. As a result of risks calculations under the sub-threshold and above-threshold procurement, individual values of risks and their aggregate indicator are determined. This will adjust the scope of audit procedures to verify individual procurements and identify weaknesses in the procurement management system. We believe that the methodology of auditing the procurement effectiveness, taking into account the quantitative and qualitative parameters of procurement risks, will be a useful audit tool to determine the effectiveness of the use of public funds under individual procurements and identify areas of cost-effectiveness for the state budget funds.

show abstract

The strategy of institutional reform of the supreme audit institution: the case of Ukraine

Cited by 8 publications

References 19 publications

Audit of public finances: methodological issues and the case of Ukraine

Audit of public finances: methodological issues and the case of Ukraine

The supreme audit institution in the Republic of North Macedonia – two decades of building public trust

Audit Assessment of the Effectiveness of Public Procurement Procedures

Contact Info

Product

Resources

About