Improving the quality assessment of internal financial audit in the main administrator of federal budget funds[Совершенствование Оценки Качества Внутреннего Финансового Аудита В Главном Администраторе Средств Федерального Бюджета]

Introduction. The current realities of the Russian economy are characterized by increasing demands on the efficiency and effectiveness of budgetary funds formation and expenditure, which necessitates the importance of ensuring accountability for public finance management. Internal financial audit analyzes public finance management separately within each principal administrator of federal budget funds. Assessing the quality of this analysis is the subject of this study. Purpose. Based on a study of the powers to organize and implement internal financial audits by individual participants in the budget process, as well as a comparative analysis of budget legislation regulating them, develop a comprehensive model for assessing the quality of internal financial audits in the main administrators of federal budget funds. Methods. The main methods in the study were system analysis to assess the relationship between the powers to organize and implement internal financial audit in the main administrators of federal budget funds and indicators for assessing the quality of their implementation, as well as structural and functional to determine the concepts characterizing the quality of internal financial audit in the main administrators of federal budget funds. Results and Conclusions. The analyzed current approaches to checking and analyzing the effectiveness of internal financial audit in the main administrators of federal budget funds, carried out by state financial control bodies, do not meet the criteria of complexity and are aimed exclusively at assessing compliance with the requirements of budget legislation. In order to comprehensively assess the quality of internal financial audit in the main administrators of federal budget funds, according to the authors, it is necessary to carry out a quantitative assessment of the execution of relevant powers, including taking into account the opinion of the subject of budgetary procedures based on the results of audit activities. The developed model for assessing the quality of internal financial audit can also be used to assess the implementation of relevant powers by other participants in the budget process.