CONCEPTUAL FOUNDATIONS OF STATE FINANCIAL CONTROL AT THE PRESENT STAGE

Abstract

The article examines the essence of state financial control and its importance in the public finance management system. It formulates and examines conceptual provisions for reforming state financial control in the context of ensuring financial security, taking into account the elimination of existing shortcomings inherent in state financial control in Ukraine at the present stage of its development, the systematization of organizational principles of building a European model of state financial control, to which the domestic model of the functioning of the state financial control system adapts in the process of reforming, and the results of the analysis of the legislative and regulatory framework for internal control and internal audit of  public sector entities (which are subject to reform in accordance with the existing Concept of Development of State Internal Financial Control in Ukraine), taking into account the need to ensure financial security. The content of the main elements of state financial control, its key principles and methods of implementation are disclosed. This allows us to determine the directions of systemic improvement of the reform of state financial control in the context of ensuring financial security. The main tasks of financial control in the public administration system are analyzed. The essence of the forms of control is also revealed: preliminary, current and subsequent state financial control. The degrees of effectiveness of state financial control are determined. In accordance with the identified conceptual provisions for conducting state financial control, the sources of provision and the main factors for improving the mechanism of state financial control in modern conditions are determined. The procedure for maintaining high efficiency of state financial control is revealed under the condition of establishing clear responsibility for the procedures of distribution and control of financial resources.