Abstract
The article analyzes the practice of state financial control in the USA. The author highlighted the experience of implementing organizational mechanisms of state financial control of an economically developed state and investigated the powers of its controlling bodies. The practice of standardization of control in the USA is disclosed, the characteristics of the main standards of state control are presented. The American system of state financial control is characterized by the practice of applying control standards, which include: principles of formation and approval of federal appropriations laws; generally accepted standards of state audit; standards of internal control in federal executive bodies; methodical manual for state financial audit; a guide to assessing the compliance of necessary costs with planned results. The essence of administrative-budgetary management is revealed and its impact on the state of the state's financial system as a whole is determined. Administrative-budgetary management includes the development and implementation of the budget; federal procurement management, financial management and information technology; presidential decrees and memoranda; regulatory policy, including coordination and review of all significant federal regulations by executive agencies; submission of recommendations to the president on legislative issues. As a result of the generalization of world practice regarding the implementation of state financial control, directions for adapting foreign experience of state financial control into domestic practice are proposed, which will contribute to the effective use of state financial resources and the development of the system of control bodies. Thus, the conducted analysis shows that the state financial control bodies in the USA take an active part in the management of state finances. In their activities, they adhere to the principles of independence, objectivity and transparency.
Published Version
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