Methods for Assessing the Quality of Financial Management in Public Administration

Abstract

The presented study analyzes the existing methods for assessing the quality of financial management in public administration and identifies their strengths and weaknesses. Aim. The study aims to develop theoretical approaches to assessing the quality of financial management in public administration. Tasks. The authors analyze the existing methods for assessing the quality of financial management, identify their limitations, and propose efficient approaches to quality assessment. Methods . This study uses economic, mathematical, statistical, and qualimetric methods as well as aggregation and mathematical analysis. Results. The limitations of the methods that are currently used to assess the quality of financial management in public administration are identified. Directions for the application of new methods are proposed, making it possible to improve the reliability of financial management quality assessment. Conclusions. A major drawback of the current models of financial management quality assessment is that quality indicators are assessed separately in several areas of financial management. The methods for plotting multi-parameter functions and optimizing them described and analyzed by the authors are not accurate enough for the task at hand. In this regard, a process control system based on artificial intelligence could be helpful. Unlike traditional methods, such a system would make it possible to obtain and adjust the quantitative parameters of financial management quality.