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The Accounting Chamber approved the Development Strategy for 2025-2029 - a roadmap for the transformation of the institution. The document, which was approved at the meeting on 19 March, defines the key objectives: ensuring audit assurance in difficult conditions, human potential development, trust building, and infrastructure modernisation.
The document outlines the vision, mission and priorities of the institution for the next five years in the context of unprecedented challenges caused by the war, and taking into account the European integration course and the reconstruction of the country. It contains an assessment of the current situation and an analysis of the institution's achievements (including those based on the results of the Development Strategy for 2019-2024), an analysis of strategic challenges, stakeholders' views and expectations, a list of risks the institution may face, and expected results of the tasks. The document was prepared taking into account the updated provisions of the Law of Ukraine ‘On the Accounting Chamber’, which came into force in the end of 2024 and beginning of 2025.
Presenting the Development Strategy for 2025-2029 at the meeting of the Accounting Chamber, the Chairwoman Olha Pishchanska emphasised that the main purpose of the Strategy is to ensure efficient, independent and professional activity of the Accounting Chamber as the supreme state body of external financial control (audit).
‘Now we have all the conditions necessary for the implementation of our tasks. By the end of the Strategy implementation, the Accounting Chamber will have to function as the supreme audit institution of international level. Our deadline for full transition to international requirements and standards is the accession of Ukraine to the European Union. The Strategy of the Accounting Chamber meets this task and other challenges faced by our country,’ Olha Pishchanska said.
Also, Kyrylo Klymenko, Member of the Accounting Chamber, Chairman of the Working Group on the draft Development Strategy of the Accounting Chamber for 2025-2029, pointed out that for the first time the Strategy provides for a comprehensive approach to institutional transformation with a focus on transparency, integrity and public trust.
‘Our strategic goals are divided into ten components: protection of the independence and financial autonomy of the Supreme Audit Institution, implementation of additional powers granted to the Accounting Chamber by the legislature last year, sustainability of the institution and improvement of management efficiency at all levels, as well as human potential development, interaction with stakeholders and infrastructure management,’ Kyrylo Klymenko said during the presentation of the document.
The years covered by the Strategy are a period of serious challenges for the Ukrainian state. These include post-war reconstruction and harmonisation of national legislation with EU law. Therefore, the document outlines the vision of the priority areas of the state external financial control (audit) and defines the main approaches to the institutional transformation and development of the Accounting Chamber in the light of these challenges.
Among the key results expected to be achieved by the Accounting Chamber as a result of the implementation of this Strategy are:
- enshrining the institutional and financial independence of the Accounting Chamber in the Constitution of Ukraine;
- confirmation of the progress in the issue of institutional and financial independence of the Accounting Chamber and its Members during the external evaluation of its activities;
- legislative separation of the activities of the Accounting Chamber and other state control bodies;
- full compliance of the processes and procedures of the Accounting Chamber with the requirements of the INTOSAI Framework of Professional Pronouncements (IFPP);
- participation of the Accounting Chamber in the majority of meetings of INTOSAI and EUROSAI working bodies and initiatives and in at least three international audits annually;
- IT audit of the Accounting Chamber's processes, which contributes to their improvement and security, automated processing and analysis of information obtained from databases and state registers;
- creation of an efficient system for monitoring the implementation of recommendations and assessing their impact on public finance management;
- increasing the level of awareness and trust in the Accounting Chamber, which the institution should assess annually, etc.
The Strategy also defines approaches to financing and monitoring its implementation. In order to ensure transparency, the results of the Strategy implementation are to be published annually. The developed matrix of the Accounting Chamber's strategic development will help to assess the state of implementation of strategic tasks.
In the process of developing the Strategy, the working group was also provided with proposals by Members of the Accounting Chamber and experts of the ‘Extension of the Public Finance Management Support Programme in Ukraine (EU4PFM)’ project.
The full text of the Strategy is available at the following link:
https://rp.gov.ua/Strategy/Strategy_2025-2029/?id=2453
