FINANCIAL AUDIT AND PERFORMANCE AUDIT AS MAIN COMPONENTS OF STATE AUDIT

Abstract

The effectiveness of the activities of executive authorities and local self–government largely depends on proper control over compliance with laws, decisions and orders, as well as on the organization of the process of their implementation. Regular and comprehensive control helps ensure scientifically based decisions and regulatory acts, as well as their timely implementation. It is an important tool for identifying and eliminating deficiencies in the activities of management bodies and determining their causes.

Control promotes discipline among employees of management structures and allows objective assessment of their competence, responsibility and positive experience. State control acquires special importance in the context of the activities of business entities with different forms of ownership. Control, in a broad sense, is a process that ensures compliance of the actions of the management object with the management decision and is aimed at achieving the defined goals. It is an independent management function that has a clearly defined purpose, content and methods of implementation.

The study is aimed at determining the theoretical–methodological and organizational–practical foundations of the audit of the effectiveness of budget programs, aimed at determining the evaluation criteria and methods of measuring the economic efficiency of the factors of the implementation of these programs. They include key elements, the content and sequence of control procedures, as well as information support, which regulates the procedure for conducting analytical studies and their use for management purposes.