The role of key control and audit institutions of Ukraine in ensuring financial discipline

Abstract

The article examines the role of the key control and audit institutions of Ukraine that function to ensure financial discipline. The study is aimed at analysing the functioning of the State Audit Service of Ukraine, the Accounting Chamber, the Audit Chamber and other relevant institutions, as well as establishing their impact on public finance management and regulation of audit activities. The author studies the subordination, functions and tasks of the main institutions and determines that each of them is subordinated to the relevant authority and performs its specific functions aimed at improving the efficiency of resource management, preventing corruption and abuse, ensuring the reliability of financial statements and compliance of business entities with the current legislation. The article analyses the peculiarities of audits, audit methods and the impact of the results of these audits on public finance management. Recommendations for improving the activities of control and audit institutions in order to strengthen financial discipline in the country are proposed. The institutions regulating audit activities are also studied. It is determined that the interaction between these institutions and a clear delineation of their powers are key elements for ensuring effective control and improving the quality of audit services. This structured system allows maintaining high standards of audit activities, promoting transparency and trust in society.