Foreign experience in auditing the effectiveness of inter-budgetary relation

Abstract

This scientific article examines the foreign experience of auditing the effectiveness of inter-budgetary relations. A comparative analysis of the existing regulatory and methodological framework for conducting performance audit of inter-budgetary relations of the studied states reflected that the main principal approaches, principles, goals in the studied states seem, in general, oriented and comply with the ISSAI 300, 3000 and 3100 standards. Regulation of inter-budget relations is the main mechanism for their effectiveness. Financial alignment is the way to provide financial resources. An efficiency audit is characterized by an assessment of the final results of government expenditures, including administrative and organizational systems. A comparison of the practical aspects of auditing the effectiveness of inter-budgetary relations in different countries revealed differences in powers, organization and methods used. Any performance audit manual is not able to fully cover all possible approaches, methods and methods of such an audit, since in practice they may include any aspects of the social sciences. In addition to this, performance audit deals with a variety of issues and problems related to the entire field of public administration.