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Public Audit: The Essence, Structural Elements and Features of Application
Karkovska V. Y., Vishka I. S.

Karkovska, Veronika Ya., and Vishka, Iryna S. (2021) “Public Audit: The Essence, Structural Elements and Features of Application.” Business Inform 10:341–346.
https://doi.org/10.32983/2222-4459-2021-10-341-346

Section: Management and Marketing

Article is written in Ukrainian
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UDC 35.352/354

Abstract:
The article considers the features of interpretation of the term «public audit». On the basis of the researched information (domestic and foreign sources) the authors’ own understanding of the term «public audit» is formed, the features of its use are distinguished. The key structural elements of public audit are formed, which make evident the deviations in the interpretation of the concepts of both public and the State-based audit. The authors have determined, that public audit includes the State-based audit as a indispensable constituent, as far as public audit is carried out by the State, individual business structures, civil society organizations, etc. On the basis of the carried out research, it is specified that subject of implementation of public audit is analyzing and assessing certain areas of activity, namely: activities of public authorities, local governments, and other organizations. For an effective implementation of public audit a proper legal framework as well as a transparent partnership interaction between the civil society and the State administration sector should be formed. In its activities, public audit primarily focuses on the main objects such as social resources (labor, financial, material, natural, intellectual), as well as cultural and social values of citizens. The main purpose of the public audit is to verify the legality, transparency, and, consequently, the efficiency of the activities of the State bodies interacting with civil society which expects such an efficiency. Given this definition, it can be assumed that public audit is a financial instrument for detecting violations, which, in turn, through amendments and recommendations can improve the State administration at all levels, influence the development of institutional structures, achieve a new level of development of social values, optimize the management of the State resources for the benefit of the community.

Keywords: public audit, types of public audit, structural elements of public audit, features of the application of public audit.

Fig.: 2. Tabl.: 2. Bibl.: 10.

Karkovska Veronika Ya. – Doctor of Sciences (State Administration), Associate Professor, Professor, Department of Administrative and Financial Management, Educational and Scientific Institute of Administration and Postgraduate Education of Lviv Polytechnic National University (5 Mytropolyta Andreia Str., Lviv, 79016, Ukraine)
Email: [email protected]
Vishka Iryna S. – Candidate of Sciences (Economics), Senior Lecturer, Department of Administrative and Financial Management, Lviv Polytechnic National University (12 Stepana Bandery Str., Lvіv, 79013, Ukraine)
Email: [email protected]

List of references in article

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“Supplemental Guidance: The Role of Auditing in Public Sector Governance“. January 2012. https://na.theiia.org/standards-guidance/public%20documents/public_sector_governance1_1_.pdf
Prykhodchenko, L. L. “Audyt administratyvnoi diialnosti: forma chy metod kontroliu“ [Audit of Administrative Activities: Form or Method of Control]. Derzhavne budivnytstvo, vol. 1, no. 1 (2007).
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“Limska Deklaratsiia kerivnykh pryntsypiv audytu derzhavnykh finansiv“ [Lima Declaration of Guidelines for Auditing Public Finances]. Rakhunkova palata Ukrainy. http://old.ac-rada.gov.ua/control/main/uk/publish/article/140217
Stepashin, S. B. Gosudarstvennyy audit i ekonomika budushchego [Government Audit and the Economy of the Future]. Moscow: Nauka, 2008.
Chernikov, D., and Kuzyo, M. “Derzhavnyi zovnishnii audyt v konteksti yevropeiskoi intehratsii“ [State External Audit in the Context of European Integration]. Kyiv, 2015. https://parlament.org.ua/wp-content/uploads/2016/04/10.pdf

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