RISK-BASED INTERNAL FINANCIAL AUDIT WITHIN MODERN PUBLIC ADMINISTRATION
The article analyses risk-oriented internal financial audit as a mechanism toensure the stability of core activities within the functioning of public institutions.The key areas of risk-oriented financial audit as a tool for shaping controlactivities have been investigated. The key conclusions are that the issues offinancial control improvement are urgent in crisis economic conditions. Budgetfunds are used to finance the activities of public institutions, through whichthe basic functions of the state are carried out. To ensure sustainability andefficiency of spending of budgetary funds on the basis of public institutions, risk-based internal financial audit is beginning to be used. The paper gives the maindirections of formation of effective risk-based approach within the framework offinancial audit. It emphases particularly the application of digital technologiesthat facilitate smooth and effective financial audit. It considers the risk mappingfeatures, within which the risk-based approach in financial audit is organizedand formed.