INTERNAL FINANCIAL CONTROL AS A TOOL OF REFORMING AND BUILDING AN EFFECTIVE MANAGEMENT SYSTEM IN THE PUBLIC SECTOR OF THE ECONOMY
This article explores the main aspects of the organization of the system of internal financial control in terms of the need to improve the quality of financial management in the public sector of the economy. The article generalizes and systematizes the characteristics of the organization of the system of internal financial control in budgetary and Autonomous institutions. These features revealed by the results of professional activity analysis of the implementation of internal financial control and audit the main managers of budgetary funds of the urban district and subordinated institutions. Implemented control procedures show that, as a rule, controlled companies only understand the control of the accounts over correctness of conducting accounting and drawing up financial statements. Thus, in this case, the control is not regarded as a system affecting all budgetary procedures, as well as a tool for building an effective system of management of the institution as a whole. In some cases, the most «advanced» heads of agencies trying to implement an integrated approach to the organization of the control system, but they don’t understand how you can test the built system «output». Therefore, the article presents the author’s approach to testing the system of internal financial control in the institutions.