Organization of Internal Financial Audit in Local Self-Government Authorities and the Role of Municipal Control and Accounts Authorities in Raising Its Efficiency

Svetlana M. Mironova; Associate Professor of the Department of Financial and Entrepreneurial Law of the Volgograd Institute of Management — Branch of the Russian Presidential Academy of National Economy and Public Administration PhD (Law), Associate Professor; Aleksandr I. Mordvintsev; Sergey G. Skvortsov; Chairman of the Chamber of Control and Accounts of Volgograd Associate Professor of the Department of Public Administration and Management of the Volgograd Institute of Management — Branch of the Russian Presidential Academy of National Economy and Public Administration PhD (Economics), Associate Professor; Head of the Organizational and Legal Department of the Chamber of Control and Accounts of Volgograd

doi:10.18572/1813-1220-2020-11-7-13

From January 1, 2020, amendments were made to the Budget Code of the Russian Federation on the conduct of an internal financial audit, as well as the powers of control and accounting bodies to prepare proposals for improving internal financial audit were clarified. At the municipal level, not all chief administrators of budgetary funds have properly organized the system of internal financial audit according to the new rules. In particular, this is due to the fact that all federal standards of

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... e Ministry of Finance of the Russian Federation have not yet been adopted, on the basis of which an internal financial audit should be conducted. In this situation, the control and accounting body of the municipality can become the link of interdepartmental interaction, which, by virtue of the powers assigned to it, proposes measures to improve the organization of the internal financial audit system. A number of proposals have been made for organizing such work by the control and accounting bodies.

doi:10.18572/1813-1220-2020-11-7-13 fatcat:nllh3ok7rrcbvg5quxbhhg5dqa

Citation

Svetlana M. Mironova, Associate Professor of the Department of Financial and Entrepreneurial Law of the Volgograd Institute of Management — Branch of the Russian Presidential Academy of National Economy and Public Administration PhD (Law), Associate Professor, Aleksandr I. Mordvintsev, Sergey G. Skvortsov, Chairman of the Chamber of Control and Accounts of Volgograd Associate Professor of the Department of Public Administration and Management of the Volgograd Institute of Management — Branch of the Russian Presidential Academy of National Economy and Public Administration PhD (Economics), Associate Professor, Head of the Organizational and Legal Department of the Chamber of Control and Accounts of Volgograd. "Organization of Internal Financial Audit in Local Self-Government Authorities and the Role of Municipal Control and Accounts Authorities in Raising Its Efficiency." Financial law (2020) 7-13

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