The NBU updated internal procedures and strengthened control in the financial sector: implementation of the recommendations of the Accounting Chamber

The right of the National Bank of Ukraine (NBU) to determine the conditions for processing and protecting information in its information and communication systems has been regulated and control over the management of the NBU's property has been strengthened - these are the results of the implementation of the recommendations of the Accounting Chamber, provided following the results of the Report on the Results of the Verification of the Implementation of the Estimate of Administrative Expenses of the National Bank of Ukraine and Obligations to Transfer Funds to the State Budget of Ukraine.

Recall that in 2023, the Accounting Chamber checked how the NBU implemented the estimate of administrative expenses and transferred funds to the State Budget in 2020-2022. The auditors investigated the extent to which the funds allocated to the NBU for the performance of its functions were used economically and effectively in accordance with the legislation, as well as whether part of the profit before distribution was fully and timely transferred to the state budget.

According to the audit results, a number of shortcomings were identified and eight recommendations were provided for their elimination. Since the Report contains official information, it is not subject to publication. At the same time, the implementation of individual recommendations may be reported.

In particular, in March 2025, in accordance with the amendments to the Law of Ukraine “On Information Protection in Information and Communication Systems”, the regulator received the right to determine the conditions for information processing and the use of protection measures in financial systems subject to its supervision. In addition, in accordance with the action plan for the implementation of the recommendations, the following regulatory documents have been updated:

- Regulations on the formation and use of reserves for employee compensation obligations;

- Regulations for carrying out current repairs of buildings in terms of compliance with building codes and standards.

In addition, control over the sale of property through electronic auctions has been strengthened, in particular, additional checks of valuation and book value have been introduced, and procedures for managing changes in the IT sector have been improved.

Considering the implementation of all measures provided for by the recommendations of the Accounting Chamber, control over their implementation has been completed.

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