TRANSFORMATION OF THE CONTROL AND AUDIT SYSTEM IN PUBLIC SECTOR ORGANIZATIONS

Author(s): Shibileva O.V., Parshutkina V.V.

Rubric: Management

DOI: 10.21777/2587-554X-2024-2-97-107

Release: 2024-2 (49)

Pages: 97-107

Keywords: control and auditing activities, digital transformation, digital tools, remote monitoring, electronic budget, SMART control, automated verification, financial control subsystems, electronic platform, risk management

Annotation: The subject of the study is the mechanism of conducting control and auditing activities in budgetary organiza- tions and ways of its transformation. The authors consider the need to transform the control and audit system in public sector organizations, carried out mainly through digitalization, involving remote monitoring, conducting control activities “online”, digital dialogue and data exchange. The expediency of introducing risk management tools in order to identify them in a timely manner and quick response is argued. The importance of mastering and developing digital skills by control and audit bodies was highlighted. The article considers the process of functioning of electronic SMART control, which involves achieving a methodological balance between preliminary and subsequent control, ensuring the openness of these objects of control through the introduction of artificial intelligence algorithms, expanding forms and methods of control, and the use of preventive measures. The purpose of the “BFT.Budget Control” software package, which provides automation of the activities of control and audit bodies, is analyzed. The normative legal acts regulating new opportunities and access of controllers and audi- tors to information systems data are investigated. The following methods were used during the work: synthesis, analysis, classification, and detailing. The practical significance of the results lies in the theoretical justification of the expediency of transforming the control and audit system in public sector organizations, contributing to the increase of effectiveness of control and audit procedures, improving monitoring and risk management, speeding up the control and audit process, and ensuring high accuracy of the results of the activities of control bodies.

Bibliography: Shibileva O.V., Parshutkina V.V. TRANSFORMATION OF THE CONTROL AND AUDIT SYSTEM IN PUBLIC SECTOR ORGANIZATIONS // Economics and Management. – 2024. – № 2 (49). – С. 97-107. doi: 10.21777/2587-554X-2024-2-97-107