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RESOLUTION OF THE CABINET OF MINISTERS OF UKRAINE

of May 12, 2007 No. 698

About approval of the Procedure for carrying out by the Public auditing service, its interregional territorial authorities of the state financial audit of local budgets

(as amended on 10-10-2023)

For the purpose of implementation of control for effective and accomplishment of the local budgets Cabinet of Ministers of Ukraine decides forming:

Approve the Procedure for carrying out by the Public auditing service, its interregional territorial authorities of the state financial audit of local budgets which is applied.

Prime Minister of Ukraine

V. Yanukovych

Approved by the Resolution of the Cabinet of Ministers of Ukraine of May 12, 2007 No. 698

Procedure for carrying out by the Public auditing service, its interregional territorial authorities of the state financial audit of local budgets

1. This Procedure determines the carrying out mechanism Gosauditsluzhboy, its interregional territorial authorities (further - bodies of Gosauditsluzhby) the state financial audit of local budgets.

The state financial audit of local budgets (further - audit) - the type of the state financial audit directed to carrying out the analysis and check of legality and efficiency of forming (creation, considerations, approval and accomplishment of local budgets, correctness of conducting financial accounting by objects of audit, reliability of their financial and budget reports, functioning of internal control system and condition of internal audit, and also condition and use of personal and real estate, money, the earth, the natural resources which are in municipal property of territorial communities of villages, settlements, cities, areas in the cities, and objects of their joint property which are in management of regional and regional councils.

2. In this Procedure terms are used in such value:

the statutory auditor - the official of body of Gosauditsluzhby who is given authority on carrying out the state financial audit also has the rights determined by article 10 of the Law of Ukraine "About the basic principles of implementation of the state financial control in Ukraine";

audit procedures - complex of actions of the statutory auditor (auditor selection, methods and methods of forming and research of the hypotheses of audit (judgments of the statutory auditor concerning origins and availability of problems, omissions and shortcomings, violations, risks) directed to receipt of auditor proofs (documents, information, survey results of workers of object of audit and participants of audit who confirm audit opinions) during audit;

object of audit - authorities of the Autonomous Republic of Crimea, the local state administrations, local government bodies and local financial body concerning which audit is booked;

the participant of audit - legal entities, irrespective of legal form and pattern of ownership and subjects of business activity - physical persons which accept (took) part in accomplishment of local budgets and/or used (received) the personal and real estate, means, the earth, natural resources which are in municipal property of territorial communities of villages, settlements, cities, areas in the cities and the objects of their common property which are in management of regional and regional councils except objects of audit.

Other terms in this Procedure are used in the value given in the Budget code of Ukraine and the Law of Ukraine "About local self-government in Ukraine".

3. The main objectives of audit are:

1) carrying out analysis and check:

justification of planning of the income and expenses of local budgets;

conditions of accomplishment of local budgets, in particular, by evaluating legality and effective management of budgetary funds, achievement of their economy and target use in case of execution of local budgets;

legality, efficiency and effectiveness of activities of objects of audit at all stages of the budget process, in particular their management decisions;

conditions of the interbudget relations;

correctness of conducting financial accounting, reliability of financial and budget reports;

functioning of internal control system and condition of internal audit at managers of budgetary funds;

2) development of offers and recommendations about elimination of the shortcomings and violations revealed during audit and to prevention them further (further - offers and recommendations).

4. Audit is booked by such stages:

1) planning and organization of audit (preliminary studying of object of audit, development of the working plan, creation and approval of the program of audit).

The working plan and the program of audit is constituted by the head of audit and submits for approval to the head of body of Gosauditsluzhby or one of his deputies. The head of audit represents the program of audit of object of audit to one of the methods determined in Item 13 of this Procedure for acquaintance;

2) carrying out audit procedures, forming and execution of auditor proofs, preparation of auditor conclusions, offers and recommendations;

3) the reporting under results of audit by registration and coordination of the draft of the report on results of audit (further - the report), signing of the protocol of coordination, forming, signing of the report and submission of the report on object of audit;

4) implementation of monitoring of accomplishment provided by results of audit of offers and recommendations and results of their implementation.

5. No. 795 is excluded according to the Resolution of the Cabinet of Ministers of Ukraine of 09.09.2020

6. During audit with research purpose of hypotheses of audit and receipt of auditor proofs information collection (obtaining from the participant of audit of necessary documents, information) can be performed by such methods:

by the written request of body of Gosauditsluzhby;

statutory auditors on the location of the participant of audit. Results of information collection in such a way are reflected in the reference which is signed by the statutory auditor and the participant manager of audit and is attached to the report.

7. Audit is booked according to the plan of holding actions of the state financial control approved in accordance with the established procedure which is posted on the official website of Gosauditsluzhby.

8. For carrying out audit on each statutory auditor the direction on the sample established by the Ministry of Finance which is signed by the head of body of Gosauditsluzhby is drawn up in duplicate.

9. Statutory auditors issue to the head of object of audit or its deputy the direction in day of exit to carrying out audit in the location of object of audit.

10. The general duration of carrying out audit constitutes no more than 90 working days.

11. Audit is booked by group of statutory auditors.

Management of group of statutory auditors is performed by the head of audit which is determined from structure of group of statutory auditors.

The structure of group of statutory auditors, terms of carrying out audit determines body of Gosauditsluzhby according to audit tasks.

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