The State Audit Office will take control of investment projects

The government attributed control of the implementation of investment projects to the tasks of the State Audit Office and settled the procedure for conducting their financial audit.

The corresponding resolution of the Cabinet of September 12, 2018 No. 740 has already entered into force.

The audit of investment projects takes place in several stages, starting with a preliminary study, development of a plan and drawing up a program. Then auditing procedures are conducted, opinions are prepared, reports are prepared, and the implementation of the proposals and recommendations submitted based on the results of the audit is monitored.

During the audit, information can be collected at the written request of the State Service Agency and state auditors at the location of the audit participant.

For each state auditor, a application shall be drawn up in two copies, which the state auditors shall provide to the head of the inspected organization or his deputy.

The total period of the audit is not more than 90 working days. The period of the audit can be extended or reduced by the decision of the head of the state court.

In the event of a change in the time frame for conducting an audit after making changes to the plan for conducting state control measures, a new direction is not drawn up.

During the audit, qualified specialists of relevant executive authorities, enterprises, institutions and organizations can be recruited to carry out control measurements of construction, installation, repair and other works, control launches of raw materials and materials in production, control analyzes of raw materials and finished products, other checks.

The object of the audit should provide a place for auditors to work, create conditions for storing documents, the ability to use service communications, computer, copying and other equipment, access to electronic databases, systems and software systems used to automate the production of its financial and economic activities, provide the necessary materials, information, documents.

Results of investment projects audit can be published in the media.