WAYS TO IMPROVE INTERNAL AUDIT AND FINANCIAL CONTROL IN PUBLIC SECTOR ORGANIZATIONS

Abstract

Financial control in public sector organizations has traditionally been viewed from the point of view of ensuring the discipline of cash flows, when overspending of budget items, or actual underperformance of AMD have been removed. However, at present, the beneficiaries of the public sector are also interested in the actual amount of spent financial resources. In this regard, there is a need to review the scope of internal audit objectives in public organizations. The article makes suggestions for improving financial internal control in public sector organizations, considering the sectorial characteristics of organizations.