Study on public budget auditing released

A study called “Audit Function Survey” has been released. This project was implemented by ICPS Senior Economist Olha Romaniuk on commission from the Open Society Institute, as part of its “Local Government and Public Service Reform Initiative” (LGI) program. The goal was to survey current practice in auditing local budgets in Ukraine and to find out to how the approach to auditing in Ukraine compares to international standards and global practice. The result was a detailed analytical report that covers the issues of legal and institutional support for public budget audits, an analysis of the level of qualification of internal and external auditors, and a discussion of compliance with international oversight and auditing standards.

The results of this project will be used by the Open Society Institute as a basis for future technical assistance projects in Ukraine. These projects will target budget reform and reforms to current legislation on oversight and auditing, increasing the capacity of local auditors, and studying the best world practice.