IMPROVEMENT OF INTERNAL FINANCIAL CONTROL AND AUDIT AS A FUNDAMENTAL FACTOR IN IMPROVING THE EFFICIENCY OF BUDGET USE

The article is devoted to the organization of internal financial control and audit in economic entities of the public sector of the economy. The current socio-economic situation requires an increase in the volume of funds in economic entities of various profiles, which requires more precise control over their use. Strengthening control will allow an objective assessment of the feasibility, efficiency, use of allocated funds, how effectively budget funds are distributed and used. The conducted research is based on statistical materials that were received and systematized by the Federal Treasury. The materials are based on regulatory legal acts. The conducted research is based on statistical materials that were received and systematized by the Federal Treasury. The results of the obtained analytical studies allow us to identify weaknesses in the organization of internal control and audit and give recommendations for their elimination. The article examines the organization and effectiveness of a modern method of organizing audit and control. Evaluation of this result makes it possible to justify the directions of its development. The results of the study make it possible to formulate recommendations that can be used by public sector organizations to improve the interaction of internal financial control and audit. Insufficient development of internal financial audit was also revealed. Recommendations based on the possibilities of modern digitalization methods are proposed.