Component 5: External audit and parliamentary oversight

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Overall Objective

Support relevant national institutions in the improvement of accountability for public funds

Specific objectives

Support relevant national institutions in the improvement of accountability for public funds;

Key Directions

Capacity building for conducting financial audits of consolidated financial statements and submitting audit reports

On-the-job assistance to apply ISSAI-based methodology throughout all audit stages

Support in developing the new ACU Development Strategy, operational planning, and performance management framework

Strengthening the Parliament’s capacity in budgetary and external audit matters

Reinforcing linkages between the Parliament and the supreme audit institution to strengthen public accountability

01 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

02 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