Features of legal regulation of state financial control of sustainable development projects

Abstract

Sustainable development is the key point for scientific discussion in the contemporary world especially after the UN General Assembly introduced the sustainable development goals (SDGs). This paper is focused on the control and accountability issues related to financing of sustainable development goals implementation. The fundamental changes in public policy inherently cause more expectations in the society about accountability and efficient control and audit in public finance. The comparative method with reference to international experience is predominantly applied in the research. The paper emphasizes that strategic audit with its forms and methods is the most relevant for sustainable development projects’ audit. Strategic audit should rely on the modern information technologies including the big data analysis. The increasing role of the Accounts Chamber of Russian Federation in the national goals and the SDGs achievement monitoring is highlighted in the article. The paper contributes both to the theoretical approaches to forms and methods of public audit and to the practitioners’ discussion around the best practices in public finance audit.