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THE ORGANIZATION OF INTERNAL CONTROL IN A BUDGETARY INSTITUTION: SCIENTIFIC AND METHODOLOGICAL ASPECTS

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Author(s): N. Sinyugina | E. Deyneko

Journal: Economics of Development
ISSN 1683-1942

Volume: 67;
Issue: 3;
Start page: 62;
Date: 2013;
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Keywords: public financial control | internal control | budgetary institution | the organization of internal control

ABSTRACT
At present the problem of internal control in budgetary institutions is being studied by a large number of scientists, but as the data analysis demonstrated, they are purely theoretical. At the same time, the need for practical guidance of internal control in the public sector stipulates the development and justification of scientific and methodological aspects of the organization's internal control.The purpose of this paper is to develop and support scientific and methodical approach of internal control in budgetary institutions.In order to achieve this goal in the following article scientific and practical problems were solved: the necessity of internal control in the public sector, general structure of internal control, stages of internal control in budgetary institutions, a model of internal control in the public sector institutions as a sequence of three separate blocks: the preparatory, organizational and diagnostic, the content of each unit of the proposed model is detailed. It is proved that the key to the model of internal control in budgetary institutions is the principle of efficiency and economy.The model of internal control in the public institutions includes the stages of an organization's internal control, principles of organization, organizational support, which in turn is divided into regulatory, metho­dological, human, technical, informational, material.The content developed model of internal control in budgetary institutions is reflected in a generalized methodological approach to the organization of internal control in the public sector.The proposed scientific and methodical approach is versatile and can be used for the organization of internal control in the public institution within the Concept of the Public Internal Financial Control Development to enhance legitimacy and effectiveness of the public institution.Scientific novelty of the results of this study is developing and substantiating scientific and methodological approach to internal control in budgetary institutions by developing a model of such an organization.However, the need to develop a model taking into account the human factor in the formation of internal control in public institutions should be defined as the direction of future research.
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