Foreign experience in public financial control

Abstract

The paper emphasizes the need for modernization of the public internal financial control in Ukraine. The author defines the place and role of public financial control in public management, emphases on the problem of the lack of a clear distinction between the functions and powers of supervisory authorities in the prevention, detection and elimination of financial crime. The experience of implementation of organizational and legal mechanisms of public financial control of France, Great Britain, Sweden, India, Romania is analysed. The supervisory powers of controlling authorities of these countries are defined. The results of analysis and synthesis of practices for the implementation of public financial control in the executive branch have proved the need for a systematic approach in Ukraine. Directions of adaptation of international experience of public financial control in domestic practice are defined. They will increase the responsibility of civil servants for their duties in accordance with international standards and improve the legal support of public internal financial control in general.