FINANCIAL CONTROL: CONTENT, AREAS, OBJECT, SUBJECT, SYSTEM, TASKS, PRINCIPLES

Abstract

State and non-state spheres of financial control (appearances, types), despite the similarity of control implementation methods, are fundamentally different from each other in terms of their ultimate goals. The main goal of state financial control is to maximize the flow of resources to the state treasury and to minimize public administration costs, while the main goal of non-state financial control (especially financial control within the firm) is to minimize state benefits and other costs in order to increase the rate of profit on invested capital. At the same time, both areas of financial control are limited by the legal framework of the current laws. In the period of socio-economic changes, the role of financial control is manifested in the process of checking the following: firstly, in compliance with the legal order established by state and public organizations, enterprises, institutions, organizations, and citizens in the course of financial activity; secondly, in the effectiveness and economic expediency of the adopted measures and in accordance with the state tasks.