Algorithm for applying financial control elements

Abstract

Importance: the subject of this study is a set of control measures aimed at identifying and preventing violations in terms of the misuse of budget funds. Purpose: the final stage in the financial management system at the level of the state or an individual economic entity is financial control. Control implemented by departmental and non-departmental bodies not only ensures the transparency of the movement of state support funds, but also plays a preventive role in identifying and suppressing illegal actions. Research design: based on the works of modern domestic scientists, the content of the main elements of financial control, such as audit, tax control and accounting expertise, is disclosed. Results: the article provides a comparative analysis of the currently used elements of financial control according to the methodology proposed by the authors, including ten comparison indicators, an algorithm of control measures to identify and reduce criminal acts has been developed.