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External Audit and Parliamentary Control

EU4PFM efforts to modernize the budget process are focused on implementing international best practices

424 working sessions to provide on-the-job support to ACU audit teams, including assistance with the audits of consolidated financial statements conducted
Annual Quality Report in the history of the ACU, which addresses key quality metrics and evaluates the effectiveness of audit processes completed
Comprehensive recommendations for establishing a modern and effective personnel policy in line with international standards developed
Strategic and operational support to the ACU, contributing to the development and implementation of the Strategy 2025-2029
35 financial audit training sessions covering risk assessment, analytical procedures, audit approach, documentation, report writing, and evidence gathering for 75 auditors;
Testing and evaluation of auditors across three categories conducted: 42 financial auditors, 96 performance auditors, and 132 compliance auditors
A Guidance Note on strengthening operational collaboration between the Verkhovna Rada and the ACU, considering recent legislative developments developed
Functional and organizational models for the Secretariat of Parliamentary Budget Committee to enhance parliamentary oversight and financial transparency elaborated
Strengthened capacities in external audit in line with international standards
  • Supporting capacity building and implementation of conduction of a financial audit of consolidate financial statements and submission of the audit report
  • Continuous on the job assistance to all compliance and performance audit teams to apply ISSAI-based methodology in all audit stages – planning, testing, conclusions, recommendations
  • Further professional support for the development of new ACU Development
  • Strategy, operational planning and performance management framework, to achieve the key requirements for the organisation of quality system
Strengthened institutional framework for external audit and Parliamentary Oversight
  • Strengthening the capacity of the Parliament in budgetary and external audit Issues
  • Support for improved cooperation and coordination among institutions involved in external audit.
  • Strengthening the chain of accountability in Ukraine, especially the linkages
  • between the Parliament and the supreme audit institution
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