DEVELOPMENT OF STATE FINANCIAL CONTROL AND AUDIT IN UKRAINE IN THE CONTEXT OF EUROPEAN INTEGRATION PROCESSES

Abstract

Introduction. Currently, the study of the development of state financial control and audit in the context of European integration processes in Ukraine remains relevant and scientifically important, which is associated with several important factors. First of all, European integration processes lead to the introduction of international standards in the financial and tax sphere, corporate governance, etc. Audit is important in assessing the compliance with such standards, as it allows ensuring compliance with international law. In addition, audit in Ukraine contributes to attracting foreign investments and loans. Foreign investors insist on compliance with financial responsibility and the reliability of financial reporting. During the audit, this responsibility is confirmed, which allows increasing investor confidence. At the same time, state financial control and audit in the context of European integration processes makes it possible to resist corruption, as it helps to identify corruption schemes and illegal use of resources.

Purpose. The purpose of the study is to reveal the features of the development of state financial control and audit in the context of European integration processes in Ukraine in order to compare the traditional model of their implementation with the modern European integration model, which makes it possible to clearly identify potential areas for strengthening state financial control and audit in modern conditions.

Materials and methods. The materials of the study are: 1) scientific sources in the field of accounting, financial control and audit; 2) the regulatory and legal framework that regulates the implementation of audit activities.

In the course of writing this work, a comprehensive approach was used, consisting of general scientific and special methods. Thus, among the general scientific methods, it is worth highlighting the method of systemic and comparative analysis (for analyzing state financial control and audit as a holistic system and comparing the traditional model of their implementation with the European integration model); generalization, analysis and synthesis, deduction and induction (for critical assessment of scientific sources on this issue and for formulating research conclusions). In turn, special methods are the tabular method (for visualizing the results of comparing the development of state financial control and audit in the context of European integration processes) and the method of normative analysis (for studying regulatory and legal support and international standards).

Results. The article reveals the features of the development of state financial control and audit in the context of European integration processes in Ukraine. The main problems that arise in the process of performing audit activities are highlighted. The results of a comparison of the development of state financial control and audit in the context of European integration processes in Ukraine are presented, which makes it possible to assert that at present our state has already switched to the European audit model. The main measures are revealed, the implementation of which will make it possible to increase accountability for the results of state financial control and audit and improve the work of the State Audit Service and other institutions designed to monitor the movement of public finances.

Discussion. In the future, it is proposed to devote research to improving approaches to revealing potential vectors of development of state financial control and audit, which will allow strengthening the manageability of the public finance system, especially in the context of further post-war recovery.