For people with visual impairments
On November 8, representatives of the Accounting Chamber spoke about the latest developments of the institution, carried out within the framework of the implementation of the Association Agreement with the EU, during the eighth meeting of Cluster 1 of the Sub-Committee on Economic and Other Sector Cooperation of the Association Committee between Ukraine and the EU.
Reference. The Association Committee is the highest expert-level body of the Association, established in 2015 and consisting of representatives of ministries and other state institutions.
The Association Committee meets at least once a year and when circumstances require. Based on the results, Draft Operational Conclusions are formed, and the status of the implementation of these conclusions is considered at any subsequent meeting of the Committee.
In particular, the event was attended by Kyrylo Klymenko, Member of the Accounting Chamber, Tetiana Dniprova, Deputy Director of the Strategic Development, Quality Control and International Affairs Department, and Lesia Hrytsiuta, Head of the Audit Quality Assurance Unit of the Strategic Development, Quality Control and International Affairs Department.
Kyrylo Klymenko told the partners in detail about the expected changes in the work of the Accounting Chamber, which will occur when the draft Law No. 10044-d adopted by the Verkhovna Rada of Ukraine enters into force. Among other things, these are the legislative recognition of the Accounting Chamber as the supreme state collegiate authority of financial control (audit); defining the INTOSAI Framework of Professional Pronouncements as the basis for the organizational and methodological principles of state external financial control; the introduction of the institution of the state auditor; the expansion of the institution’s powers, etc.
“All the implemented changes make the Accounting Chamber more effective, and its audit activities will be carried out in accordance with international standards… Every five years, the Accounting Chamber will undergo an external assessment of its activities by one of the leading members of INTOSAI. Conducting such an assessment will allow us to confirm our progress in implementing reforms,” noted Kyrylo Klymenko.
The Member of the Accounting Chamber also informed the partners that the institution has already implemented ISSAIs, in particular, regarding the conduct of audits (financial, performance and compliance), according to which 35 audits have been carried out. The Accounting Chamber’s Code of Ethics, quality management standards, annual and strategic planning procedures have also been implemented. Another necessary standard, relating to the competence system, is currently under development.
In accordance with the adopted procedures for annual and strategic planning, the Accounting Chamber approved the institution’s Work Plan for 2025 and is forming a Development Strategy for 2025-2029.
Lesia Hrytsiuta informed the partners that the Accounting Chamber has conducted training for auditors and quality control specialists on financial, compliance and performance audits. In addition, the institution has created a group of internal trainers, consisting of 9 experienced employees. These trainers have already conducted audits according to international standards and are ready to share their experience with colleagues.
An assessment of the changes implemented by the Accounting Chamber will be provided in the operational conclusions following this meeting.
