METHODS OF EVALUATION OF EFFECTIVENESS OF FUNCTIONING OF THE INSTITUTE OF PUBLIC EXTERNAL FINANCIAL CONTROL (AUDIT)

Abstract

The article substantiates the objective need for correct and comprehensive assessment of the effectiveness of public external financial control (audit) institutions as an important component of ensuring successful socio-economic transformations in Ukraine and the key to effective use of budget funds. The list of criteria according to which the calculation of quantitative and qualitative indicators for assessing the effectiveness of the Accounting Chamber as a body of state external financial control (audit) is determined. A point method of evaluating the effectiveness of public external financial control (audit) is proposed, which is based on the feasibility of implementing a process approach to the organization and conduct of inspections. In order to ensure the complexity of evaluating the effectiveness of the Accounting Chamber, a system of evaluation indicators is proposed in terms of six groups: indicators for evaluating the completeness and validity of the plans of the Accounting Chamber in the reporting period; indicators for assessing the intensity of control activities of the Accounting Chamber; indicators for evaluating the effectiveness of control activities of the Accounting Chamber; indicators for assessing the cost-effectiveness of control activities of the Accounting Chamber; indicators of security assessment and management of human and material resources; indicators for assessing the transparency of the Accounting Chamber. The integral share of each of the six evaluation groups is determined, the integrated performance indicator of the Accounting Chamber is constructed, the list of evaluation indicators within each group is given, their optimal values are determined and the gradation of points given to specific evaluation indicators is proposed. . In order to facilitate the generalization of the results of the calculation of the coefficient of relative efficiency of the group of indicators, it is proposed to determine its value in the range: high; satisfactory; low; unsatisfactory. In order to test the proposed methodology, a comprehensive assessment of the effectiveness of the Accounting Chamber for 2021 was conducted, which allowed to determine the low level of efficiency of its activities.