Money, finances and credit

Actual problem of accounting chamber of Ukraine activity standardization

Economic Annals-XXI

Economic Annals-ХХI: Volume 135, Issue 11-12(1), Pages: 99-102

Citation information:
Kosova, T., & Shevchenko, V. (2013). Actual problem of accounting chamber of Ukraine activity standardization. Economic Annals-XXI, 11-12(1), 99-102. https://ea21journal.world/index.php/ea-v135-25/

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Tetyana Kosova
D.Sc. (Economics),
Professor,
Donetsk National University of Economics and Trade named after M. Tugan-Baranovsky
31 Shchorsa St., Donetsk, 83050, Ukraine
коsova777@meta.ua

Volodymyr Shevchenko
Post-Graduate Student,
Donetsk National University of Economics and Trade named after M. Tugan-Baranovsky
31 Shchorsa St., Donetsk, 83050, Ukraine
vvshevrp@mail.ru

Actual problem of accounting chamber of Ukraine activity standardization

Abstract. Introduction. audit standardization in government has began to be implemented not so long ago that due process of world globalization features a wide exchange of experience and best practice in connection with the expansion of the world representation in INTOSAI. In this context, an important direction of the Accounting Chamber of Ukraine is implementing international standards of higher state financial control.

Purpose. to summarize the experience of supranational control functioning of the standardization of the supreme audit institutions, to organize ISSAI international standards content and to develop the basis of methodological approaches to their implementation by the Accounting Chamber of Ukraine.

Methods. systematic approach, formalization, standardization, adaptation, comparative law.

Results. Experience of supranational control operation – the International Organization of Supreme Audit INTOSAI, the European Organization of Supreme Audit EUROSAI in part of cooperation between national supreme audit institutions promotion is analyzed. International Standards of supreme audit institutions are systematized in four levels, giving their characteristics.

Conclusion. Methodical approaches to the implementation of international standards for SAIs has been worked out: stage 1 – conforming of partially implemented standards for Level I «General Principles», II level «Prerequisites to SAI»; stage 2 – development of national standards consistent with ISSAI III level of «fundamental auditing principles»; stage 3 – implementation of standards ISSAI IV level «Guidelines for auditing». Proposed approach, unlike existing standards, defines the vector of the Accounting Chamber of Ukraine and options reference and statements of ISSAI commitment.

Keywords: Standardization; International Standards of Supreme Audit Institutions; Accounting Chamber of Ukraine

JEL Classification: E44; E60; E69; G18; G20

References

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Received 02.10.2013

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