International Journal of Government Auditing – Autumn 2017
The Accounting Chamber of Ukraine, the nation's Supreme Audit Institution (SAI), exercises control over public revenues and expenditures on behalf of the Verkhovna Rada of Ukraine (parliament) and carries out its activities according to the constitution and budget codes, in addition to the Law of Ukraine, "On the Accounting Chamber," and its established principles of legality, independence, objectivity, fairness, publicity and political impartiality.
The Accounting Chamber recently issued its annual report, which reflects the activities (control-analytical and expert) carried out in 2016, as well as control measures covering 2014-2016 (some cover earlier periods of activity).
The report highlights several key facts, including:
Based on control activity results, the Accounting Chamber provided recommendations to correct and improve situations; prevent future violations and shortcomings; and improve public funds efficiency, effectiveness and economy.
The Accounting Chamber's reports and decisions were sent to the highest legislative and executive institutions, and, in response, the Verkhovna Rada adopted nine laws and five bills. Additionally, Ukraine's government created 16 normative acts that reflected individual Accounting Chamber recommendations, and 12 cases were submitted to the Prosecutor General's Office for decision.
A priority direction for Accounting Chamber activities is publicity. In keeping with this priority, the Accounting Chamber publicly released 3,443 documents last year in an effort to further strengthen transparency and trust.
The Accounting Chamber's significant achievements, accumulated experience and recognition (nationally and internationally) continues to increase the efficiency and effectiveness associated with independent external state financial control; implementing International Standards of Supreme Audit Institutions; and introducing new forms, methods and directions.The 2016 Accounting Chamber Annual Report is available here.