EU4PFM launched training series on risk-based financial audit for the Accounting Chamber of Ukraine
This week, EU4PFM Component 5 «External audit and parliamentary oversight» launched the first module of a comprehensive training series designed to enhance the knowledge of the Accounting Chamber of Ukraine in applying modern, risk-based approaches to financial audit.
The first module will focus on building the audit approach during the planning phase in audit, including:
Understanding the audit object as the basis for risk assessment;
Identifying audit risks and linking them to relevant audit assertions;
Describing key processes by transaction classes and balance sheet accounts;
Evaluating control measures and their effectiveness.
”This training series is not just about methodology – it’s about strengthening the professional confidence of auditors in using modern, risk-based approaches that are aligned with international audit standards,” noted Inguna Sudraba, Team Leader of EU4PFM Component 5.
Strengthening public audit functions is essential for transparent and accountable public finance management. Risk-based planning, grounded in a clear understanding of processes and controls, helps supreme audit institutions focus resources where public funds, impact, and vulnerabilities intersect.
This training marks a key step toward a more evidence-based, analytical, and results-driven audit culture in Ukraine.The series will continue in the coming weeks as part of EU4PFM’s broader support to strengthen external audit in Ukraine.
