Legal characteristics of internal financial audit as a tool for public management of the quality of public finances (financial management)

Abstract

The article examines the legal regulation of internal financial audit in relation to the system of state management of public finances. A legal and economic parallel is drawn between public financial management in economic and legal terms. According to the author, quality management is carried out in the following areas of public finance management assessment: quality of management organization in the field of public finance; the quality of the use of public resources. While internal financial audit contributes to the improvement of financial management and is aimed at minimizing risks in the implementation of budgetary procedures, the formation of proposals and recommendations for the effective management of «budgetary processes» in the course of financial management.

The legal essence is considered and the types of budgetary procedures are identified, in the context of which the budgetary powers of the main administrators of budgetary funds are exercised.