Accounting aspects of auditing the budget system

Milojević, Ivan; Andžić, Rosa; Vladisavljević, Vladan

doi:10.5937/ekopolj1801337m

Cited by 5 publications

(4 citation statements)

References 4 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Current research in different countries confirm the relationship between the performance of the SAIs and the maintenance of good governance (Meiss et al, 2017;Milojević et al, 2018;Nevidomyi & Kanonishena-Kovalenko, 2019;Lentner et al, 2020;Bardash & Osadcha, 2020;Çeku, 2021;Bostan et al, 2021).…”

Section: Literature Reviewmentioning

confidence: 83%

“…The timeliness of a financial audit is crucial for users of financial statements, as it allows them to obtain verified information on the basis of which economic decisions are made. This is also emphasized by Milojević et al (2018), pointing out that in this case, users are not interested in studying budget procedures that have taken place a long time ago, and there is no effect from public condemnation of officials who left leadership positions some years ago. Instead, the Accounting Chamber conducts financial audits for different periods of time and much later than the official dates of publication of financial statements.…”

Section: Content Analysis Of the Reports Of Thementioning

confidence: 98%

See 1 more Smart Citation

Audit of public finances: methodological issues and the case of Ukraine

Slobodyanik

Zdyrko

Kuzyk

et al. 2022

Ind. Jour. Manag. & Prod.

View full text Add to dashboard Cite

The paper aims to analyze the methodological issues that exist in the field of public finance audit, and find ways to solve them on the example of Ukraine. The methodological basis of the study is the analysis of scientific publications, regulations, standards; best practices analysis; retrospective analysis of ACU’s performance indicators; content analysis of reports on the results of audits; method of logical generalization and systematization in formulating conclusions and recommendations. The study found that an important role in maintaining the functions of the SAI in society is played not only by the fact of auditing public finances, but also its methodology, including compliance with INTOSAI standards and building confidence in its results. The recommendations concern the need to: conduct financial audits of all major administrators of budget funds in accordance with the requirements of INTOSAI standards; ensure the timeliness of financial audits, the results of which should be published together with the financial statements; assessment of the skills of the ACU’s specialists performing financial audits to plan staff training; revise approaches to the interaction of the ACU’s auditors with internal audit departments to support the development of the internal audit function in the public sector; establish a quality control system according to the requirements of ISSAI 140; revise the approaches to the implementation of public finance reform on the transition to the application of the principle of accrual in accounting. Implementation of the recommendations will strengthen the role of the Accounting Chamber in society by increasing the credibility of its audits and their importance for improving the efficiency of public administration.

show abstract

Section: Literature Reviewmentioning

confidence: 83%

Section: Content Analysis Of the Reports Of Thementioning

confidence: 98%

Audit of public finances: methodological issues and the case of Ukraine

Slobodyanik

Zdyrko

Kuzyk

et al. 2022

Ind. Jour. Manag. & Prod.

View full text Add to dashboard Cite

show abstract

“…The auditor (Milojević, Andžić, & Vladisavljević, 2018) questions the regularity of public procurement procedures in all defined phases. Thereby, more attention is paid to some phases depending on how materiality is defined and how it's decided to assess irregularity (Duin, i dr., 2017; Pešić, & Miljković, 2020).…”

Section: Auditing Public Procurements Of Agricultural Companies Owned By the Statementioning

confidence: 99%

Possibility of applying contemporary analytical methods in auditing procurements of agricultural companies

Mihajlović

Špiler

Avakumović

et al. 2021

Ekonomika poljoprivrede

View full text Add to dashboard Cite

Despite the significant results that State Audit Institution achieved in the domain of determining regularities of doing business and truthfulness of financial reports of budget users, performance audit was given significantly less attention, which points to the necessity of developing a methodology for this discipline, as well as a technique to apply it. This contribution represents an attempt to apply a technique of finding hidden knowledge-implicit knowledge (Data mining - DM) in the process of auditing public procurement procedures and illustrating the significance of developing a technique for assessing the purposefulness of using budget assets on an example of public procurements performed in an agricultural company.

show abstract

“…u bilansu uspeha (Dimitrijević, 2015) Pored zaliha i obaveze predstavljaju komponentu bilansa stanja koja je podložna računovodstvenim smicalicama. Za obaveze je karakteristično da svojom visinom utiču na povećanje imovine u aktivi bilansa stanja ili, pak, na nastanak rashoda u bilansu uspeha (Milojević, Andžić, Vladisavljević, 2018).…”

Section: Motivi I Tehnike Kreativnog Računovodstvaunclassified

Alternative accounting procedures, creative accounting and false financial reporting

Đorđević¹,

Mitić²

2020

Oditor

View full text Add to dashboard Cite

Accounting aspects of auditing the budget system

Cited by 5 publications

References 4 publications

Audit of public finances: methodological issues and the case of Ukraine

Audit of public finances: methodological issues and the case of Ukraine

Possibility of applying contemporary analytical methods in auditing procurements of agricultural companies

Alternative accounting procedures, creative accounting and false financial reporting

Contact Info

Product

Resources

About