Methodological Provisions on Organization and Implementation of Internal Financial Audit in Public Sector
The development of internal financial audit in the public sector is due to the improvement of quality and reliability of budget accounting and reporting. Budget accounting and reporting reflect the results of financial and economic activities, the legality and expediency of obtaining and using budget funds, confirm the targeting of state support and subsidizing expenditures. The purpose of the article was to substantiate the importance of organization and conduct of internal financial audit in the public sector, and development of organizational and methodological provisions of audit. The research was conducted with the methods of scientific discussion, argumentation of conclusions and proposals, data analysis of digital platforms of state audit and control, comparison of control results according to the spheres of public service, generalization of practice of internal financial audit and detection of errors and inconsistencies based on the standard methodology of internal financial audit. As a result the reasons and circumstances of standardization and improvement of budget accounting in Russia are highlighted. Order chronology of application of federal accounting standards in Russia is constructed. Sectoral diagrams of violations of budget legislation identified by the audit results are analyzed and formed. Methodological provisions on organization and implementation of internal financial audit in the public sector are disclosed.