ESTABLİSHİNG FİNANCİAL CONTROL İN ACCORDANCE WİTH MODERN REQUİREMENTS: İN THE WORLD AND İN AZERBAİJAN

Abstract Public financial control is an integral part of an effective governance system. This control mechanism ensures the transparent, accountable, and efficient use of state financial resources, strengthens fiscal discipline, and enhances citizens' trust in public authorities. As one of the key components of public administration, financial control plays a crucial role in maintaining fiscal discipline and ensuring the proper allocation of resources. This article explores the organization of public financial control in accordance with modern requirements and analyzes the main directions for its further development. In the context of global economic challenges, the digitalization process, and growing public demands for transparency, the role of financial control has become increasingly relevant. This article analyzes reforms implemented in various countries, international best practices, and digital control tools. It emphasizes the importance of shifting financial control from retrospective audits to proactive risk-based assessment mechanisms as a critical factor in ensuring effective oversight.